by Micheal E. McKinnon, M.Ed., CCPS; College Planners of America, Ltd | Jun 3, 2022 | Tax Planning
Business owners hire their children for several reasons, such as instilling a strong work ethic, teaching responsibility, encouraging entrepreneurship, saving on taxes, and helping save for college. These benefits are the result of the Tax Cuts and Jobs Act of 2018...
by Micheal E. McKinnon, M.Ed., CCPS; College Planners of America, Ltd | Jan 11, 2022 | Tax Planning
The Uniform Transfers To Minors Act (UTMA) is a law recommended by the National Conference of Commissioners on Uniform State Laws in 1986 and subsequently enacted by most U.S. states. It provides a mechanism under which gifts can be made to...
Recent Comments