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There are many tax deductions available to those in today’s workforce. However, it’s worth a consultation with your tax professional to determine what particular deductions may be available and beneficial to you.

A business succession plan helps reassure all parties a business will continue to operate and helps prevent problems by coordinating each owner’s estate plan with the business.

None of us can predict what the future may bring. By planning today, you may help ensure that you have the financial resources for quality LTC should you need it.

Tax planning is more advantageous when done during the year and well in advance of year’s end.

Business owners are often so busy with the day to day issues of running and growing their companies that the issue of business succession is often overlooked or left on the “back burner” until it’s too late.

Using these pros and cons as a guide, you can meet with your estate planning team to determine your best course of action in planning your estate—to either use or avoid the probate process.

While the question of who will take over your business is central to a succession plan, it is equally important to plan ahead for the tax implications of a transfer of business assets to your appointed successors.

Hiring your teenage children to work in your business can give them valuable employment experience and teach them to handle responsibility. It can also give them a head start in saving for their future.

Most of us would be surprised at the total amount of money we have "invested" in personal belongings. Yet, how many of us have taken the steps to ensure all our tangible assets are properly valued?

Taxes may be inevitable, but they're also something you have some power over. Here are five strategies to manage your tax burden going forward.