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So far Sonya Foster has created 989 blog entries.

Tax Savings for Electric Vehicles

While the number of plug-in electric vehicles (EVs) is still small compared with other cars on the road, it’s growing — especially in certain parts of the country. If you’re interested in purchasing an electric or hybrid vehicle, you may be eligible for a federal income tax credit of up

2021-04-12T14:55:27-06:00May 15th, 2019|

Estate Planning for Single Parents

According to Pew Research Center’s most recent poll, the percentage of U.S. children who live with an unmarried parent has jumped from 13% in 1968 to 32% in 2017. While estate planning for single parents is similar to estate planning for families with two parents, when only one parent is

2021-04-12T14:55:27-06:00May 15th, 2019|

Have a Business Turnaround Strategy

Many businesses have a life cycle that, as life cycles tend to do, concludes with a period of decline and failure. Often, the demise of a company is driven by internal factors — such as weak financial oversight, lack of management consensus or one-person rule. External factors typically contribute, as

2021-04-12T14:55:28-06:00May 15th, 2019|

Why CPA Designation Matters

The accounting profession is largely self-regulated by the American Institute of Certified Public Accountants (AICPA). Part of its mission involves the development and enforcement of a broad range of standards for the profession. There is no requirement that you have to be a licensed Certified Public Accountant (CPA) to do

2021-04-12T14:55:28-06:00May 7th, 2019|

Add Spendthrift Language to Your Trust

Protecting assets from creditors is a critical aspect of estate planning, but you need to think about more than just your own creditors. You also need to consider your heirs’ creditors. Adding spendthrift language to a trust benefiting your heirs can help safeguard assets. Spendthrift language explained Despite its name,

2021-04-12T14:55:28-06:00May 1st, 2019|

Donating Valuable Art

Charitable giving is a key part of estate planning for many people. If you have a collection of valuable art and are charitably minded, consider donating one or more pieces to receive tax deductions. Generally, it’s advantageous to donate appreciated property to avoid capital gains taxes. Because the top federal

2021-04-12T14:55:28-06:00May 1st, 2019|
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