Dalby, Wendland & Co. News

TCJA Makes “Kiddie Tax” Worse

In 1986, Congress enacted the “kiddie tax” rules to prevent parents and grandparents in high tax brackets from transferring income (usually from investments) to their children in lower tax brackets. While the tax troubled some families in the past, the Tax Cuts Jobs Act (TCJA) has made it worse today

2021-04-12T14:55:09-06:00August 20th, 2019|

Naming Your Trustee

When it comes to estate planning, trusts are appealing for many reasons. They can enable you to hold and transfer assets for beneficiaries, avoid probate and reduce estate tax exposure. But they can be complicated to set up. One of the major decisions you’ll need to make when establishing a

2021-04-12T14:55:09-06:00August 6th, 2019|

5 Ways to Manage Your Receivables

Collecting your accounts receivable (AR) in a timely manner can head off  multiple financial issues for your company, including poor cash flow and the inability to pay bills. Here are 5 ways to manage your your receivables for more timely collections: 1. Re-evaluate your invoices. Customers prefer bills that are

2021-04-12T14:55:09-06:00August 6th, 2019|

Personal Property Memorandum for Leaving Assets With Sentimental Value

When planning your estate, you’re likely focused on major assets, such as real estate, investments and retirement plans. But it’s also important to “sweat the small stuff” — your tangible personal property. Examples include jewelry, antiques and photographs. These personal items — which often have modest monetary value but significant

2021-04-12T14:55:09-06:00July 30th, 2019|

Now is Good Time to Buy Equipment & Other Depreciable Assets

The Section 179 depreciation deduction for business property gives businesses some good news. The election has long provided a tax windfall to businesses, enabling them to claim immediate deductions for qualified assets, instead of taking depreciation deductions over time. And, it was increased and expanded by the Tax Cuts and

2021-04-12T14:55:09-06:00July 30th, 2019|
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