Congress pushed through massive changes to the federal tax law, most of which are effective beginning in 2018. One of the most significant changes made was to the estate and gift tax law.
The Tax Cuts and Jobs Act of 2017 has far-reaching implications for both individuals and taxpayers. We provide this easy tax law comparison guide, which provides the highlights of what changed and how.
While a business owner may be careful to make sure that he or she is adequately insured, the need to protect the business against the loss of a key employee is often ignored. Fortunately, there’s a relatively easy way to safeguard the business. Appropriately enough, it’s called “key-person” insurance.