Welcome to our Blog page. Here, you can read our firm’s latest blog posts about timely tax, accounting and audit issues.

Michelle Johnson

Recent Posts

Protecting Your Family’s Assets and Legacy Through Trusts

June 22, 2020 | By Michelle Johnson

Senior members of a family office who plan for the future are increasingly turning to trusts as a valuable tool to guide their financial legacy....

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Family Office Succession Planning: Overcoming the Obstacles

March 24, 2020 | By Michelle Johnson

When an intergenerational family office shares common values and maintains close communication, there may be an assumption that the business will...

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Family Offices Add Reputation Management to Risk Management Agenda

November 25, 2019 | By Michelle Johnson

Researchers estimate there are more than 5,300 family offices serving the needs of wealthy families around the world, with 75 percent located in...

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Changes Affecting Self-Employed Individuals and Partners Currently Paid as Employees by CPEOs

November 13, 2019 | By Michelle Johnson

Can a partner in a partnership be treated as an employee of the partnership for federal employment tax purposes?  For administrative convenience...

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Are Family Office Expenses Deductible as Trade or Business Expenses?

October 07, 2019 | By Michelle Johnson

The question of whether a family office meets the IRS definition of a trade or business for expense deduction purposes is far from black and...

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Reducing Opportunities for Fraud at Your Family Office

June 25, 2019 | By Michelle Johnson

Multifamily offices typically rely on a full team of advisors to help grow their businesses and keep them in compliance with tax and regulatory...

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New Lifetime Estate and Gift Tax Exemption Offers Flexibility to Family Business Owners

April 03, 2018 | By Michelle Johnson

When Congress enacted the Tax Cuts and Jobs Act (the Act) in December 2017, one of the most significant changes was made to estate and gift tax...

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Dealing With Digital Assets and Social Media Accounts in Estate Planning

May 26, 2016 | By Michelle Johnson

A modern estate does not only contain physical items and money.  Digital assets are becoming an increasingly important part of a person's estate...

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IRS Raises Tangible Property Expensing Threshold

December 04, 2015 | By Michelle Johnson

The IRS recently raised the de minimis safe harbor amount for most taxpayers from $500 to $2,500 for tax years beginning in 2016. For taxpayers...

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