Insights/News

Mar 18 2024

2023 and 2024 IRA Reminders and Updates

2024-03-18T17:45:52-04:00March 18, 2024|

The deadline for making contributions to your 2023 Individual Retirement Account (IRA) is  April 15, 2024. Below we have included some important reminders and updates. For 2023 and 2024 the contribution limits are as follows:YearUnder Age 50Age 50 and Older2023$6,500$7,5002024 $7,000$8,000Your IRA contribution is limited to your ‘taxable compensation’ [...]

Mar 5 2024

Pay Attention to Securities Laws When Planning Your Estate

2024-03-08T10:26:11-05:00March 5, 2024|

          Do your assets include unregistered securities, such as restricted stocks or interests in hedge funds or private equity funds? If so, it’s important to consider the securities laws that may be involved in various estate planning strategies.Potential estate planning issuesTransfers of unregistered securities, either [...]

Feb 20 2024

Is It Time to Review Your Beneficiary Designations?

2024-02-19T09:55:45-05:00February 20, 2024|

A will or revocable trust may form the core of your estate plan, but for many people, a substantial amount of wealth bypasses these traditional estate planning tools and is transferred to their loved ones through beneficiary designations. These “nonprobate assets” may include IRAs and certain employer-sponsored retirement accounts, [...]

Feb 7 2024

Enhanced Retirement Landscape: Exploring Secure Act 2.0’s Impact on Tax-Favored Plans

2024-02-07T10:17:40-05:00February 7, 2024|

Amanda Garner,  February 5, 2024 The legislative landscape surrounding retirement plans has undergone a significant transformation with the introduction of the Secure Act 2.0. Nestled within Division T of H.R. 2617, known as the "Consolidated Appropriations Act, 2023," this legislation brings forth substantial changes to tax-favored retirement accounts. This [...]

Jan 12 2024

A hybrid DAPT can offer the asset protection you need

2024-01-22T13:21:21-05:00January 12, 2024|

Asset protection is a vital part of estate planning. Indeed, you want to pass on as much of your wealth to family and friends as possible. This can be achieved only if you shield your assets from frivolous creditors’ claims and lawsuits. One option available is to establish a [...]

Dec 6 2023

Update on 1099 requirements

2024-01-18T16:25:06-05:00December 6, 2023|

Newburg | CPA News Brief - December 6, 2023 As the year-end approaches, we wanted to provide you with some reminders regarding Form 1099 filing requirements for 2023. Form 1099 Filing Requirements and New Changes for 2023 There are a number of different 1099 forms that report various types [...]

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