Bott & Associates, Ltd.

“What is your exit plan?” Business owners should start asking themselves this question on the day they open their doors. But they don’t. There are many reasons for this, beginning with the hope that the business will never fail. Even…

IRS Notice 2020-65 allowed employers to defer withholding and payment of the employee’s Social Security taxes. This deferral applied to those with less than $4,000 in wages every two weeks, or an equivalent amount for other pay periods. It was…

Did you know about the employee retention credit? It’s still around–and better than ever. The second relief bill, passed at the end of 2020, contains updates to the employee retention credit, a refundable payroll tax credit. Each option has its…

As the IRS explains, if you are a U.S. citizen or resident alien, the rules for filing income, estate, and gift tax returns and paying estimated taxes are generally the same whether you are in the United States or abroad.…

Everyone wants to protect their families, even after they pass from this world. That’s the purpose of estate plans that include a will or trust. But how do you know whether all of the elements of a good plan are…

When a company is involved in mergers and acquisitions, either as a buyer or a target, analyzing the prospective transaction to determine if it makes sense for shareholders is critical. Knowing the basics of when or if a deal makes…

Probating a will can turn into a drawn-out process, and unfortunately, you can’t always avoid multiple probate processes. When a person dies and leaves property in one state to someone in a different state, it is typically necessary to obtain…

As investors’ positions tank due to their investment style, their attitudes begin to morph. What likely began as an enthusiastic purchase becomes an increasingly heavy burden. All the while, investors say prayers that are typically along the lines of “Please,…