Making Cents: Is it best to make gifts now or transfer property at death

Naturally, this answer is going to be different for everyone, so let me talk about the common mistakes and pitfalls of either bequeathing property at death or gifting while you are alive. Starting with transfers during your lifetime, one of the biggest issues that we see often surrounds the ultimate income tax consequences with lifetime gifts. Often these gifts are real estate or some other asset that is deemed valuable and appreciating. The income tax issue begins with the basis, or tax cost of the asset in the hands of the donor. The gift recipient, called the done...
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Spring Planting

By: John P. Napolitano, CFP®, CPA, PFS, MST

As I peer into the ten day forecast, it appears as if there is only one night where the temperature drops below the 50 degree mark.  While that’s no guarantee that there won’t be another frost, I’m going to roll the dice and get some fussy plants into the ground early this year. I’ll call this process cheating spring and gambling that Mother Nature won’t blow her north winds and freeze out my little startups.

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Making Cents: Selling Your Small Business

By: John P. Napolitano, CFP®, CPA, PFS, MST

In today’s financial markets, hardly a day passes without news of one major acquisition or another.  Selling a business is easy when the economy is good, interest rates are low and companies are looking for a way to deploy capital.

But what about your small business? According to the Small Business and Entrepreneurship Council, firms with fewer than 100 employees accounted for 98.2% of all employer firms in 2016. That’s a lot more businesses that could or should be coming up for sale.

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Life on the other side of the microphone

By: John P. Napolitano, CFP®, CPA, PFS, MST

For those who don’t know, for a period of about 10 years I was on radio and TV almost daily. The radio gig started on a small suburban station and ended on Bloomberg Radio in Boston where I hosted a prime time radio show live, Monday through Friday from 3–5 PM. The TV gig wasn’t every day, but it did force me to be live on the air every Tuesday night and whenever raging financial news broke. On the TV side, I did the 10 O’clock news on channel 56 with Karen Marinella and Primo weatherman Mike Wankum.

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