Tracey Kinker CPA PA

Tracey J Kinker CPA PA Tax Tools

IRS Offers Warnings and Relief on Conservation Easements

Conservation easements help protect natural areas and historic buildings while offering a tax break for the property owners involved. But the IRS views many of these arrangements as "abusive" from a tax perspective. This article discusses two recent updates to this long-standing issue: a revised IRS webpage and a new settlement initiative.

7 Reasons to Update Your Will

Once you have a will drawn up, don't just put it away for safekeeping and forget about it. If your will doesn't keep pace with changes in your life, it could cause chaos later. This article explains some of the major life events that could make you rethink the contents of your current will.

Use Overtime Prudently or You'll Incur Major Risks

Ideally, overtime should be like a safety valve that you open only when productivity pressure gets too high. But many businesses develop an unhealthy dependency on employees putting in extra hours. These companies risk labor shortages, accidents and a bad reputation. This article suggests eight steps for assessing your need for overtime and handling it with workers' well-being in mind.

Business Can Go On After a Chapter 11 Bankruptcy

No one likes to think about it. However, one of the risks of going into business is getting into insurmountable debt and having to declare bankruptcy. The good news is, as bankruptcies go, Chapter 11 tends to be the most palatable. This article explains the five common steps in a Chapter 11 filing. A sidebar outlines the four different types of bankruptcy and the characteristics of each.

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