Month: March 2023

Maximize Your Deductions: Auto Depreciation Limits Have Increased

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Reading Time: < 1 minute
The IRS has released the Section 280F depreciation deduction limits for passenger automobiles – including trucks and vans – first placed into service in 2023. For the second year in a row, the IRS released significantly higher limits for taxpayers. For passenger autos acquired after 9/27/17, placed in service during …

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Reminder: New Business Mileage Rates for 2023

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The IRS issued a slight increase in the standard mileage rates for business travel, effective January 1, 2023. While the IRS states that standard mileage rates can be applied to the use of a car, van, pickup or panel truck used for business purposes, it’s important to note the correct application …

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How the Holidays Can Shape Your Family Legacy

The Risks of Letting Your Legacy Ride: How Estate Planning Protects the Family

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Reading Time: 3 minutes
Ask any successful family business leader “What is your most important accomplishment?”  The overwhelming response is: ‘my legacy’.  And yet, only one in six have an estate plan.  Why work so hard to build a legacy, but do nothing to protect it?     “One of the most important things you …

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Cyber Attack

How Vulnerable Is Your Business to a Cyber Attack?

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Reading Time: 2 minutes
In light of the recent cyberattack that shut down Dole’s North American production, businesses are reminded once again of the importance of cybersecurity and keeping operations secure. “While we typically only see large operations make the headlines after a cyberattack, it’s really important to understand that hackers will penetrate and …

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