Author Archive | Sonya Foster

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Give to Loved Ones Before Year End

As the holiday season quickly approaches, gift giving will be top of mind. While gifts of electronics, toys and clothes are nice, making tax-free gifts of cash using your annual exclusion is beneficial for both you and your family. Even in a potentially changing estate tax environment, making annual exclusion gifts before year end can […]

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Taxing Cryptocurrencies

One of the newest frontiers for both individual and institutional investors is the cryptocurrency market. Exemplified by the rapidly growing Bitcoin (BTC), these “currencies” (more on that, later) are intangible digital assets that are designed to provide a secure and anonymous medium of wealth exchange that is fully decentralized from any sort of governmental authority […]

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Cash Balance Plan: Accelerate Your Retirement Savings

Business owners may not be able to set aside as much as they’d like in tax-advantaged retirement plans. Typically, they’re older and more highly compensated than their employees, but restrictions on contributions to 401(k) and profit-sharing plans can hamper retirement-planning efforts. One solution may be a cash balance plan. Defined benefit plan with a twist […]

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