January 24th, 2023 – Today, CTBK Advisory Services, LLC and PCBS II, LLC announced a merger to form CTBK Technology and Security Solutions, LLC, providing outsourced IT solutions for small to mid-market companies. Founded in 2019, PCBS II, LLC, led by Founder and Chief Executive Officer, Jerry Hickson, has helped small to medium-sized businesses by…
If you have a child or grandchild in college — congratulations! To help pay for the expenses, many parents and grandparents saved for years in tax-favored accounts, such as 529 plans. But there are also a number of tax breaks that you may be able to claim once your child begins attending college or post-secondary… Read more » Today, CTBK announced that Laura J. Markle, CPA has been admitted to the firm’s partnership. During her 15 years with the firm, Laura has specialized in providing tax compliance, tax planning, and consulting services to family limited investment partnerships, high net-worth individuals, and closely-held businesses. In addition to her technical experience, Laura has been involved… Read more » At the heart of every successful buy-sell agreement are well-reasoned business valuation provisions. By thinking through valuation matters and anticipating potential sticking points while the owners are on good terms, you can help facilitate future buyouts — when relations might be strained. Estimating value Several possible valuation approaches can be used to set the price… Read more » The 30-year anniversary of Daubert v. Merrell Dow Pharmaceuticals Inc. (509 U.S. 579) will be coming up in 2023. This decision officially made federal judges the “gatekeepers” of expert evidence against “junk science.” Landmark case In 1993, Daubert established a two-pronged test for admissibility under Rule 702 of the Federal Rules of Evidence: An expert’s… Read more » It’s been a tumultuous year for many businesses, and the current economic climate promises more uncertainty for the short term, if not longer. Regardless of how your company has fared so far in 2022, there’s still time to make moves that may reduce your federal tax liability. Read on for some strategies worth your consideration.… Read more » The IRS recently issued its 2023 cost-of-living adjustments for more than 60 tax provisions. With inflation up significantly this year, many amounts increased considerably over 2022 amounts. As you implement 2022 year-end tax planning strategies, be sure to take these 2023 adjustments into account. Also, keep in mind that, under the Tax Cuts and Jobs Act… Read more » If you have a child or grandchild who’s going to attend college in the future, you’ve probably heard about qualified tuition programs, also known as 529 plans. These plans, named for the Internal Revenue Code section that provides for them, allow prepayment of higher education costs on a tax-favored basis. Two Types of Programs: Prepaid… Read more » Traditional IRAs and Roth IRAs have been around for decades and the rules surrounding them have changed many times. What hasn’t changed is that they can help you save for retirement on a tax-favored basis. Here’s an overview. Traditional IRAs You can make an annual deductible contribution to a traditional IRA if: You (and your… Read more » Do you have a child age 17 or older or another dependent? You can’t claim the child credit for such an individual but you may qualify for the credit for other dependents. The maximum credit is $500 for each dependent who meets certain conditions. The person can be a dependent age 17 or older (such… Read more »Tax-saving ways to help pay for college — once your child starts attending
CTBK Expands Its Partner Group to Kick Off 2023.
Valuation Provisions to Incorporate into Buy-Sell Agreements
Will your business valuation expert survive a Daubert challenge?
Act Now to Reduce your Business’s 2022 Tax Bill
What do the 2023 cost-of-living adjustment numbers mean for you?
Investing in the Future with a 529 Education Plan.
The Ins and Outs of IRAs
Understanding Dependent Credits
