Some factors for parents and grandparents to consider.Presented by Gray Equity Management, LLC Naming a minor as a beneficiary brings up a major concern. If parents or grandparents make a child a primary or contingent beneficiary of an insurance policy, IRA or investment account, they should be aware that most policies and investments will not […]
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Unlike business people in most other walks of life, contractors and construction workers typically work at several sites during the year, while maintaining a home base. If you work in the industry, you are frequently out in the field or taking meetings with customers, incurring substantial travel and entertainment (T&E) expenses. Of course, qualified T&E expenses are
Estate planning vehicles created with disabled heirs in mind.Presented by Gray Equity Management, LLC If you have a child with special needs, you face long-run financial demands that cannot be fully met through federal and state assistance. What can you do to try and meet them? A special needs trust may provide an answer to
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By John W. Cashman, Jr., CPA A recent Tax Court ruling led to an unfortunate end to a “feel good” story. Upon the death of his father, a man inherited a traditional IRA. The son opted to receive the proceeds of the IRA in a lump sum. Following his father’s wishes he then shared the
Give and Ye Shall Receive — a Tax Bill Read More »
Don’t ignore it. Here’s why.Presented by Gray Equity Management, LLC Here’s the scenario… you get a card in the mail, one of those little reminders that tell you it’s time for your annual financial checkup. Your reaction: I’ll take care of that later. Here’s why you should look forward to it.Why do I need an
The Annual Financial Check-Up Read More »
By Kelly MonestimeGray, Gray & Gray, LLP Many McDonald’s franchises are family-owned businesses. The dynamics of a family business can be very different from those in a non-family corporation. Personal history, differences in personality and emotions that can be dismissed in a corporate setting can take center stage when the company is family-owned. There is
How Much Should You Pay Family Members? Read More »
Many may keep working out of interest rather than need.Presented by Gray Equity Management, LLC Baby boomers realize that their retirements may not unfold like those of their parents. New survey data from The Pew Charitable Trusts highlights how perceptions of retirement have changed for this generation. A majority of boomers expect to work in
Will Baby Boomers Ever Truly Retire? Read More »
If something sounds too good to be true, guess what: it probably is.Presented by Gray Equity Management, LLC If you are in or near retirement, it is a safe bet that you would like more yield from your investments rather than less. That truth sometimes leads liars, scammers and fraudsters to pitch any number of
Financial Fraudsters Preying on Boomers & Elders Read More »
By John W. Cashman, Jr., CPA, Tax Manager at Gray, Gray & Gray, LLPWith input from CPAmerica They say “rust never sleeps,” and the same is apparently true of those people responsible for the U.S. Tax Code. In the last three months of 2014, a number of tax law provisions were revised, some were newly
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How long will it last? Who wins & loses from it?Presented by Gray Equity Management, LLC On the New York Mercantile Exchange, a barrel of light sweet crude is currently worth well under $60. Prices have dropped more than 25% in a month and almost 45% year-over-year. What is behind this freefall? How long will
What’s Fueling the Drop in Oil Prices? Read More »