Community Blogs

One of the most common misunderstandings about filing an income tax return is the difference between deductions and credits. Deductions reduce the amount of a taxpayer’s income before tax is… Read More

Family trusts, also known as living trusts or revocable trusts, can be valuable tools for managing and distributing assets. However, it’s vital to consider individual circumstances and goals when deciding… Read More

If you’re like many Americans, your mailbox may have been filling up in recent weeks with letters from your favorite charities acknowledging your 2023 donations. But what happens if you… Read More

QBI may sound like the name of a TV quiz show. But it’s actually the acronym for “qualified business income,” which can trigger a tax deduction for some small business… Read More

The 3rd ranked University of Iowa Women’s Basketball team rolled into a sold-out University of Maryland’s Xfinity Center on Saturday, Feb. 3 to challenge the Lady Terps in an arena… Read More

If you and your employees will be traveling for business this year, there are many factors to keep in mind. Under the tax law, certain requirements for out-of-town business travel… Read More

A Royal Refuge, Brideshead Revisited, and a 170-Year-Long Lawsuit Recall from two earlier monthly columns that Thomas Ligon/Lygon, the progenitor of the American Ligon line, is my proven great-g-g-g-g-g-g-g-g-grandfather, and… Read More

Are You on Track with Financial Planning in Your 30s? In your 30s, you may be settling into your career, creating a family, and building a foundation for your future.… Read More

If you operate your small business as a sole proprietorship, you may have thought about forming a limited liability company (LLC) to protect your assets. Or maybe you’re launching a… Read More

The 2023 individual income tax return filing season will open soon. Even if you typically don’t file until much closer to the April 15 deadline (or you file for an… Read More

In July 2023 I was privileged and lucky to be able to attend the reunion of the Ligon/Lygon family at the astounding Madresfield Court, in Worcestershire, England.  As described in… Read More

Entering your 40s is a significant milestone that often comes with a greater sense of financial responsibility and planning. It is often the busiest decade of your life, and you… Read More