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| Why Your Estate Plan Needs a Stress Test |
Many people wish to set their estate plans in stone once they're created. But a wide variety of circumstances can affect the plan before it's put into action. This article discusses the savvy strategy of stress testing an estate plan to assess its effectiveness under different scenarios.
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| How Law Firms Can Address Underperforming Partners |
When a law firm partner is clearly struggling, other partners may need to act. This article discusses how to define acceptable performance, add up the costs of subpar work, help an underperforming partner improve and handle the delicate matter of negotiating a departure.
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| Make the Most of the General Business Credit |
Tax credits are far more valuable than tax deductions. Unlike a deduction, which reduces a business's taxable income, a credit reduces the business's tax liability dollar for dollar. Credits aren't unlimited, however. For businesses, the aggregate value of tax credits may be limited by the general business credit. This article explains how it works and lists specific credits it includes.
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| Medical Costs: Can I Really Get a Tax Break for That? |
Can you deduct the cost of a facelift? How about "Lasik" eye surgery or the cleaning solution for contact lenses? Some of the procedures that pass muster with the IRS may surprise you. Take a look at a chart with eligible and not-eligible medical expenses. There are some unusual qualified expenses that might allow you to get a tax break.
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