Dalby, Wendland & Co. News

Provide Education Opportunities for Future Generations With a Family Education Trust

Providing for the educational needs of your children, grandchildren and even future generations is an honorable estate planning objective. What are your options for achieving this goal? A 529 plan can be a highly effective tool for funding tuition and other educational expenses on a tax-advantaged basis. But after your

2022-09-27T12:10:34-06:00September 27th, 2022|

Is Your Bad Debt Allowance Acceptable?

In today’s volatile market conditions, it’s important to review your accounts receivable ledger and consider writing off stale, uncollectible accounts. The methods that you’ve used in the past to evaluate bad debts may no longer make sense. Here’s how to keep your allowance up to date. Know the Rules Under

2022-09-27T09:24:57-06:00September 27th, 2022|

Basic Rules of the Kiddie Tax

Many people wonder how they can save taxes by transferring assets into their children’s names. This tax strategy is called income shifting. It seeks to take income out of your higher tax bracket and place it in the lower tax brackets of your children. While some tax savings are available

2022-09-13T09:47:16-06:00September 13th, 2022|
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