Emerging & Established Wealth

Wandry v Commissioner is a Big Win for Gifting

On April 3rd, 2012, by David Lingler

Background – Wandry (donor) transferred gifts of specific dollar amounts of membership units in a limited liability company (LLC). Pursuant to gift documents, units of the donors’ LLC were transferred to their children and grandchildren. The documents specified that the fair market value of the units was unknown at the time of the transfer, but..

President’s Budget Proposal Provides Insight

On February 20th, 2012, by Brian Stautberg

Last week President Obama introduced his fiscal year 2013 budget proposal. While this budget is unlikely to pass in its current form, the proposals give insight into what some government officials are considering for future tax policy. We have reviewed the President’s proposal and put together a brief summary of some key areas that could..

Emerging & Established Wealth Video

On February 9th, 2012, by Heather Bucher

At Cassady Schiller, we help our clients plan for the growth, preservation, and utilization of their wealth with a personalized team of experienced and qualified professionals. Every client relationship starts with an in-depth exploration of your family values and individual financial goals. We work hard to understand what is truly important to you. Then, our..

Worker Classification

On February 8th, 2012, by David Lingler

Worker Classification Issues are a Top Priority on Washington’s Agenda. Since independent contractor classifications result in lower federal employment taxes for businesses, a worker’s classification has always been a contested issue between the government and business sectors. This is complicated by the vague classification process of a “facts-and-circumstances test”, based upon whether or not the business..

Fundamentals for Increasing the Value of Your Business

On January 13th, 2012, by David Lingler

How is it possible that a web based technology company with no profit be worth millions more than a stable service or manufacturing business with several years of revenues and profits? The answer to this “unfairness” can be found in the fundamentals of business valuations. All business valuations attempt to put a dollar value on..

Payroll Tax Cut Temporarily Extended

On December 27th, 2011, by Brian Stautberg

On December 23rd, President Obama signed The Temporary Payroll Tax Cut Continuation Act (the “Act”) of 2011 into law. The Act extends the current reduction of the Social Security withholding rate from 6.2% to 4.2% through February 29th, 2012. High wage earners (those who receive more than $18,350 in wages during the two-month period) will..

Opportune Time for Estate and Gift Planning

On December 6th, 2011, by David Lingler

The federal estate, gift and generation-skipping transfer (GST) tax rules approved by Congress in December, 2010 are in effect during 2011 and 2012 only. The Treasury Department announced in February 2011 that President Obama’s 2012 budget proposals presume several important changes in the rules that will take effect on January 1, 2013. In “General Explanations..

InvestOhio Credit Brings Opportunity

On November 18th, 2011, by Brian Stautberg

New program provides significant tax credits for qualified business investments The state of Ohio announced this week that registration for the InvestOhio tax credit program will begin Monday, November 14 at 8 a.m. Only $100 million in credits will be awarded for the period of July 1, 2011 – June 30, 2013 and they will..

Get an Early Start on Planning

On October 12th, 2011, by Gwen DiMeo

As we rapidly approach the end of the year, it is impossible to over emphasize the importance of tax planning. Taxpayers are always looking for savings opportunities during March and April, but many opportunities for tax reduction rely on planning and strategy throughout the year. With the year already more than half over, time is..