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March 2017 Archives

How businesses should view the ACA now

It was imagined that repealing and replacing the Affordable Care Act (aka Obamacare) would be a political layup last November. Fast forward nearly six months, and there was no vote in Congress on rescinding the Act because it was forecasted that the new law would not pass the House of Representatives and would be dead on arrival in the Senate. All of this with Republicans controlling both houses of Congress.  

The apathy and disdain for the estate tax

With the federal income tax filing deadline approaching, there probably few people who are concerned with completing estate tax returns before April 18. After all, this tax is only applicable to estates valued at more than $3.5 million, and is required to be filed within a reasonable time after an estate proceeds through probate.

What will your business look like when you're gone?

Okay, there's really no way to tell exactly what will be happening with your New York business in the months and years to come after you die. However, there's no reason you can't have some say, in fact, a lot of say, as to your general business succession plan as you pass down the torch to future generations. After all, you worked long and hard to make your business the successful enterprise it is today. Why not do all you can to protect its interests and preserve it for your heirs?

Why an ITIN cannot be used to start a business

If you came to New York as a foreign exchange student, you may have a student visa that allows you to seek gainful employment for a certain amount of hours per week. Perhaps, like many other immigrants, you've dreamed of starting a small business while you're here. There are obviously all sorts of laws and regulations associated with launching an online or in-person business. To prevent problems with your current status, it's probably best to do a lot of research and make sure you understand what you can and cannot do.

What should we be concerned about as our parents age?

Just as our parents wanted to protect us from harm when we were young, we have certainly want to do the same for them as they get older. Yes, we may help them understand technology and keep up with medical reports, but making sure that our parents (and other elderly loved ones) are not taken advantage of financially becomes that much more important as they get older, even if they have made good financial decisions for decades.  

Paying debts through estate administration in New York

An essential part of New York’s probate administration process is the orderly process of distributing the assets of the deceased to their proper heirs and beneficiaries. In the spirit of the old adage “you can’t take it with you,” many people want to know what happens to the debts they leave behind when they pass away.

How to plan your estate to provide protection from creditors

If are considering an estate plan, or have been advised that you should have one, understand that the basic purpose of an estate plan is to enable you to pass wealth and property to your heirs as you see fit. However, if your estate is currently fraught with debt, your beneficiaries could be affected by creditors who will seek to settle the debts you have left behind.

Woman detained by ICE after speaking at 'Dreamers' rally

President Trump used his speech to a joint session of Congress to outline a number of his directives for the next year. While the speech was not officially a State of the Union address, he spoke on several topics that have garnered concern since he was elected in November.

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