For many of you, hiring the kids to work in the family business might not sound all that appealing initially, (teens, especially your own can be difficult to work with) but hiring the kids really offers some significant benefits for everyone.

It's a good idea for you to get a power of attorney, a health care proxy and a will for children who are heading off to college. The power of attorney can allow you to help with bill payments, lost credit cards and other issues. The proxy can let you make medical decisions for your children if the children are unconscious.

Mistakes in enrolling for Medicare can be costly. If you fail to pay for Medicare Part B on time, you will wind up paying the late enrollment penalty (LEP)-for life. You can also experience a gap in health care coverage, meaning you'll have to pay bills that Medicare otherwise would have taken care of. Understanding the details of Medicare enrollment can help prevent relatives from making such errors. There are three Medicare enrollment periods — here are some basics:

The following is a summary of important tax developments that have occurred in the past three months that may affect you, your family, your investments, and your livelihood. Please call us for more information about any of these developments and what steps you should implement to take advantage of favorable developments and to minimize the impact of those that are unfavorable.

Learn how to protect yourself from IRS Scammers!Aggressive, threatening phone calls from criminals impersonating IRS agents continue to top the IRS' list of "Dirty Dozen" scams. In the scam, criminals alter caller ID numbers to make it look like the IRS is calling. They use fake names and badge numbers and demand money from unsuspecting taxpayers.

The callers also try to trick taxpayers into revealing personal information by telling the taxpayers that they have a refund due, but additional information is needed (like a bank account number) to process the refund.

We have had a couple of clients call us after receiving phone calls like these so I wanted to emphasize a few things to be aware of:

The IRS will NEVER: