Umbrella Liability Coverage

If you ever find yourself in an unfortunate situation where you utter the phrase "I thought that was covered by my homeowners policy," you would likely be protected by an umbrella liability policy. Umbrella liability insurance "sits" on top of your auto and homeowners policies, providing extra protection–like an umbrella. For more information on umbrella liability coverage, read this Insurance Know-How.

Tax Credit for Golf Carts?

When you hire a tax adviser, you are paying for more than the preparation and filing of your returns. A tax adviser’s job is to be creative enough to structure your financial situation to take advantage of as many deductions as possible. For more information on how to work with a tax adviser and what your responsibilities are, read this C.P.A. Insight.

Updating Your Estate Plan: IRA Beneficiaries

Every few years, it is prudent to review your beneficiary designations for your retirement plans, as these assets are generally not included in your estate. Marriage, divorce or the addition of children are all events that could change whom you would want to receive your assets if you should pass away. For more information on how to designate beneficiaries, read this Financial Strategy.

Holiday Gift Giving to Customers

It may be before Halloween, but now is the time many companies begin to think about holiday gift giving for their important clients. It may be the thought that counts, but the IRS has limits on how much a gift can cost and still be considered a business tax deduction. For more information on business gift giving, read this C.P.A. Insight.