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Monthly Archive for: ‘March, 2017’

Will your favorite charity accept your donation?

  If your estate plan includes charitable donations, be sure to discuss any planned gifts with the intended recipients before you finalize your plan. This is particularly important for donations that place restrictions on the charity’s use of the gift, as well as donations of real estate or other illiquid assets. Why a charity may reject your gift Some charities …

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Direct tuition payments benefit your grandchild and your estate plan

Grandparents often want to play a role in financing their grandchildren’s education. If you’re one of them, it’s important to consider the impact that different financing options will have on your estate plan. Make direct tuition payments A simple but effective technique is to make tuition payments on behalf of your grandchild. So long as you make the payments directly …

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Offer plan loans? Be sure to set a reasonable interest rate

    Like many businesses, yours may allow retirement plan participants to take out loans from their accounts. Such loans are governed by many IRS and Department of Labor (DOL) rules and regulations. So if your company offers plan loans, your plan document must comply with current laws — including setting a “reasonable” interest rate. Agency perspectives Neither the IRS …

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March Madness

3/17/17 by: Earl Blackmon “I love March Madness!” I heard the disc jockey say this on my drive in from work earlier this week. Well, I do too. March Madness is highly anticipated each year for its classic confrontations and untimely upsets. Although we expect certain outcomes, tensions rise because it’s an intense time when the unexpected can happen, and …

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Listen and trust: The power of collaborative management

    Many business owners are accustomed to running the whole show. But as your company grows, you’ll likely be better off sharing responsibility for major decisions. Whether you’ve recruited experienced managers or developed “home grown” talent, you can empower these employees by taking a more collaborative approach to management. Not employees — team members Successful collaboration starts with a …

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Don’t make hunches — crunch the numbers

    Some business owners make major decisions by relying on gut instinct. But investments made on a “hunch” often fall short of management’s expectations. In the broadest sense, you’re really trying to answer a simple question: If my company buys a given asset, will the asset’s benefits be greater than its cost? The good news is that there are …

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Hartmann, Blackmon & Kilgore Merges with Mobile’s Gibbons Company

Hartmann, Blackmon, & Kilgore, P.C. (hb&k) has merged with Gibbons Company, an accounting firm located in Mobile, Ala. The merger will add a fourth location for hb&k that currently has locations in Fairhope, Brewton, and Foley. Founded in 1962, The Gibbons Company has provided businesses and individuals with tax and accounting services for more than 50 years. The firm will …

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