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Kevin McKernan Kevin McKernan

Things to Consider in the New Year

As we step into a new year, it’s time to prioritize planning for the future. Key topics to consider: Long-Term Care, Estate Planning, Asset Protection, Healthcare Decisions, and Guardianship Risks.

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Kevin McKernan Kevin McKernan

New York Employment Legislation Update: A Preview of 2025

Get ahead of key changes coming in 2025, including: Wage and overtime updates; COVID-19 sick leave expiration; Paid family and prenatal leave expansions; Retail workplace safety enhancements; Changes to criminal background check regulations.

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Kevin McKernan Kevin McKernan

Don't Let Scammers Ruin Holiday Gift Card Giving

This holiday season, be on high alert for gift card scams. Remember . . . The IRS will NEVER ask for gift cards as payment for a tax bill. Scammers often impersonate officials and use fear tactics to trick taxpayers.

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Kevin McKernan Kevin McKernan

Related Party 1031 Exchanges - Don't Buy from Mom or Dad!

Navigating a 1031 like-kind exchange can be challenging. With strict deadlines, multiple parties involved, and substantial tax liability at stake, real estate investors need strategic planning—and sometimes a solid Plan B. Options like the Delaware Statutory Trust (DST) or Qualified Opportunity Zone investments can be lifesavers in the right situations.

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Kevin McKernan Kevin McKernan

What Nonprofit Employers Need to Know about Mental Health Parity

New rules under the Mental Health Parity and Addiction Equity Act (MHPAEA) will require most employers—including nonprofits—to act by January 1, 2025. These updates ensure that mental health and substance use disorder (MH/SUD) benefits are in parity with medical and surgical benefits.

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Kevin McKernan Kevin McKernan

How a Single-Member LLC Can Be Taxed As an S Corporation

Thinking about how to structure your single-member LLC for tax savings? Did you know it can be taxed as an S Corporation? This switch could reduce personal tax liability—but there are deadlines and steps you need to follow.

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Kevin McKernan Kevin McKernan

Estate Planning for Couples 

Estate planning is essential for couples to protect each other and ensure their wishes are honored!

An up-to-date Will, along with carefully managed beneficiary designations and powers of attorney, can prevent unexpected outcomes—especially for blended families or those facing life changes like marriage or divorce.

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