Bott & Associates, Ltd.

Biden’s Proposal President Biden’s proposed infrastructure plan does not explicitly raise estate taxes. Instead, it ends the step-up in basis that wealthy taxpayers often use to minimize the tax on inherited wealth. The step-up in basis allows heirs to calculate…

Sometimes, marriage can stymie the financial life of even the savviest person. You go along living your life, working, eating, sleeping — and suddenly you discover that your household paid far too little in taxes. What’s worse, you signed the…

Small and midsize employers, and certain governmental employers, can claim refundable tax credits that reimburse them for the cost of providing paid sick and family leave to their employees due to COVID-19, including leave taken by employees to receive or…

Economic Injury Disaster Loans (EIDL)  Even before the pandemic, the Small Business Administration (SBA) offered Economic Injury Disaster Loans for “losses not covered by insurance or funding from the Federal Emergency Management Agency (FEMA) for both personal and business” expenses…

The U.S. Supreme Court has blocked OSHA’s emergency temporary standard mandating that businesses with at least 100 employees must require workers to be vaccinated against the coronavirus or wear masks and undergo weekly testing. But in a partial victory for…

Estate Planning Lawyer If you’re taking care of adult children, relatives or parents, you know that this can create an additional financial strain. To ease it, the IRS offers a credit for dependents who are too old to qualify for…