Here are your Articles for October 14, 2026
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uniquebizadvisors.com| TIMELY OPPORTUNITIES | |
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Business Tax Focus: Can Partners Deduct Expenses They Pay? Partners sometimes pay business expenses out of pocket. But whether they can deduct those costs generally depends on the partnership agreement or an established reimbursement policy or practice. We explain the importance of clearly written policies and the rules for unreimbursed partnership expenses, including business mileage and home office costs.
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| FAMILY BUSINESS | |
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Succession Planning: Splitting Up the Pie Imagine a family dinner. One sibling gets a huge piece of pie and the others get tiny slivers. The mood at the table would probably not be very good. Likewise, as part of the process of picking a successor, many family business owners struggle to compensate siblings who were not chosen to run the company. This article offers some helpful thoughts on handling the situation fairly for everyone.
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| INSURANCE | |
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An Irrevocable Life Insurance Trust May Make Your Estate Plan More Tax Efficient Life insurance is important to have, particularly if your family depends on your income. However, if you own a policy at death, its proceeds may be subject to estate tax, depending on the size of your estate. A common estate planning strategy is to include the policy in an irrevocable life insurance trust. This article explains the benefits and possible pitfalls.
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| MONEY MATTERS | |
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'Can You Give Me Some Seed Money for My Business?' Affluent individuals are often approached by relatives and friends needing money. Let's say your brother-in-law wants $20,000 to start a business. How should you handle the transaction? This article explains some important implications of transferring money to family members and friends through gifts, loans and equity investments.
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Our firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer.The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.
 
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