Resource HubDelivering Insights & Expertise
How the Supreme Court’s Decision Regarding Life Insurance Proceeds Changes the Federal Estate Tax Landscape
7/26/2024 - By Julie Edwards, CPA
On June 6, in Connelly v. United States, the Supreme Court ruled that the valuation of a closely held company for federal estate tax purposes must include life insurance proceeds received by the company used to redeem a deceased shareholder’s stock. This unanimous opinion has considerable implications for federal estate tax calculations and has the unfortunate potential of increasing an estate’s overall tax burden. This shift in how life insurance proceeds are treated will significantly affect corporations and their shareholders.
From the Asset-Liability Management Trenches: A Focus on Liquidity 2024
7/18/2024 - By Terry Treadwell, CPA
Since the 2023 collapse of Silicon Valley Bank, we have observed heightened examiner scrutiny of the liquidity practices with our financial institution clients. While liquidity policies, contingency funding plans (CFP), and related reporting differ significantly among clients, we are observing “better practice” similarities and consistencies. We suggest considering the following liquidity management practices:
Saltmarsh Announces Internal Promotions 2024
7/12/2024 - By Gabby Symons
We're proud to announce the following internal promotions as of July 1, 2024!
Staying Busy During Summer: Saltmarsh June Highlights
7/10/2024 - By Gabby Symons
With busy season in the rearview mirror, June has been a vibrant and engaging month for the Saltmarsh team! Keep reading to see how we have been spending our summer…
Estate Tax Alert: Exemption Being Reduced in 2026
6/27/2024 - By Christina Maslen
Did you know that the current estate tax exemption will be reduced by more than 50% beginning January 1, 2026?
What this means is you have less than two years to utilize the current $13.61 million lifetime exemption (which will increase each year with inflation) to transfer assets out of your estate - tax-free.
Past Posts
- How the Supreme Court’s Decision Regarding Life Insurance Proceeds Changes the Federal Estate Tax Landscape
- From the Asset-Liability Management Trenches: A Focus on Liquidity 2024
- Saltmarsh Announces Internal Promotions 2024
- Staying Busy During Summer: Saltmarsh June Highlights
- Estate Tax Alert: Exemption Being Reduced in 2026
- Saltmarsh Siren: July 4th Florida Medicaid Payment Delays
- Saltmarsh Financial Advisors Recognized as Top Wealth Advisory Firm by Accounting Today
- Father's Day: Money Lessons Learned From Dad
- Beacon Summer Leadership Program 2024
- Unlocking the Power of ACH Compliance Reviews: Requirements and Benefits for Third-Party Senders and Service Providers
- What is Dollar Cost Averaging?
- Cost of Capital: A Gut Check on High-Flying Stock Returns
- 5 Reasons Why Your Startup Needs an Accountant
- Saltmarsh Siren: Upcoming April & May Deadlines for Florida Skilled Nursing Providers
- A Closer Look at Today's Inflation (2024 Edition): Not Out of the Woods Yet
- Saltmarsh Welcomes Q3 Healthcare Consulting to the Firm
- Saltmarsh Hosts 'Building Confidence': A Women-Focused Event Series
- Pies with a Purpose: Saltmarsh Celebrates Pi Day 2024
- The Power of Compounding in Health and Wealth
- Tax Alert: New DOL Guidance on Employee or Independent Contractor Classification
- Safeguarding Against ACH Fraud: Ten Essential Steps for Financial Institutions and Businesses
- Exciting Returns May Not Be Expected Returns
- The Dos and Don'ts of Credit Cards: How to Use Them Wisely
- ICYMI: An Important Reminder About the CRA Public File, and More
- Dimensional Fixed Income Trading: Price Is Our Priority
- View All Articles
