As 2017 comes to a close, we at Hoffman & Associates would like to thank you for your loyalty and the continued opportunity to serve you. May this season bring you the gift of peace, hope and joy and may 2018 be a year of great success.
2017 Year-End Tax Planning: Personal Tax Consideration and New Legislation
The Tax Cuts and Jobs Act of 2017 has key changes that will have a major impact on your future tax returns and planning going forward. Below we have listed some of the more substantial changes, compared other notable areas to the current law and provided some year-end tax planning recommendations.
Unless you’ve been living under a rock, you’ve probably heard about Bitcoin and how more and more people are jumping into it. But what is a Bitcoin? What is cryptocurrency? And more importantly for our purposes, how is it all taxed?
Estate, Gift and Generation Skipping Transfer Tax Changes in the New Tax Law
The sweeping tax reform legislation that just passed is making waves throughout the county. Of particular interest to our practice is the future of gift, estate and generation-skipping transfer (GST) taxes under this legislation.
Estate Planning and Estate Taxes have gone hand in hand for decades. When a client met with an estate planning attorney, the avoidance of estate taxes at death was key to driving the format of the estate plan, and this generally meant Trusts were key to an effective estate plan.
We'd like to wish Trish Kennedy, VP of Administration, a very happy retirement after 23 years of dedication and service to the firm. Trish joined Hoffman & Associates in 1994 as one of three employees on staff and helped grow the firm to over a dozen employees and hundreds of clients. Trish, you will be dearly missed!
