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And Just Like That: No Estate Tax Changes for 2021 (But 2022?)
The much discussed proposed changes to federal gift and estate taxes has not materialized for 2021. Instead as the law now exists there are more planning opportunities available for 2000. For 2022 the annual gift tax exclusion amount (the amount you can gift to a person without having to utilize the unified credit) will rise…
Read morePhase Four of COVID19 Requirements for New York Business Re-Openings and Statewide Guidelines for Certain Industries
Central New York will enter Phase 4 of the COVID19 New York State business re-opening on Friday June 26, 2020. New York State will be allowing the re-opening of businesses by region in four phases as follows: Phase 1: Construction, Agriculture, Forestry, Fishing and Hunting, Retail (limited to curbside or in-store pickup/drop off), Manufacturing and…
Read moreNew York State Phase 3 Requirements for Business Re-Openings
New York State has released the requirements for those businesses in Phase 3 of re-opening. Central New York is now authorized to begin Phase 3. New York State is allowing the re-opening of businesses by region in four phases as follows, with the businesses in the Phases being expanded from the original list to now…
Read moreNew York State Release Phase 2 Requirements for New York Business Re-Openings
New York State has released the requirements for those businesses in Phase 2 re-opening. Central New York is now authorized to begin the Phase 2 re-opening. New York State is allowing the re-opening of businesses by region in four phases as follows, with the businesses in the Phases being expanded from the original list to…
Read moreNew COVID19 Requirements for New York Business Re-Openings (and for those Essential Businesses which continued to Operate)
New COVID19 Requirements for New York Business Re-Openings (and for those Essential Businesses which continued to Operate) Central New York will begin to open for business again with the issuance of Executive Order 202.31 which allows Phase 1 businesses to open if the business can follow the New York State Department of health mandates. New…
Read moreEstate Planning Considerations for the year 2020
The start of a new year is always a good time to step back and consider estate planning. A carefully thought out plan is a wonderful legacy for your family. With the turmoil that now exists in our nation’s capital and the national elections which will take place next year, we should carefully consider what…
Read moreSuccessful Family Business Succession Planning or How to Become a Member of the Henokiens Association
A common goal of owners of family-held businesses is for the business to survive for generations to come while still being owned or managed by the family. The odds do not favor the survival of family businesses to the third generation. Yet, there are businesses which do survive and survive very well for many generations. …
Read moreHow to Break Up with Your Service Provider
Have you ever tried to end a service contract only to be told your request is too late, as the contract you signed contained an automatic renewal provision?
Read moreThe Best Gift To Your Family (and it doesn’t cost a thing)
There is one gift you can easily assemble in under ten minutes, at no cost, that will someday be greatly appreciated by your loved ones. A letter of instruction can provide great comfort and relief to your family when you are not available to provide guidance in person.
Read moreTips & New Initiatives for Health Care Plans from the Federal Department of Labor
Mary Rosen, the Associate Regional Director of the United States Department of Labor for New England including Upstate New York gave a presentation Wednesday on common issues with health care plans. She also described six tips for common plan errors and three new initiatives the DOL is working on. This seminar hosted by Anthony Stevens…
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