Converting a 1099 contractor to a W-2 employee mid-year is a decision with serious tax and compliance implications. This podcast explains the IRS classification rules, payroll tax requirements, unemployment insurance, workers’ compensation, and the impact on benefits and retirement plans. Visit our firm website at www.cummings.law.

Cooperative business structures offer a unique and equitable approach to business, prioritizing member needs and democratic governance. However, the tax considerations associated with cooperatives are complex and require careful attention. Visit our firm website at www.cummings.law.

Purchasing assets out of bankruptcy can unlock significant value—but it comes with legal and procedural complexity. This podcast demystifies the bankruptcy process, the role of the trustee, due diligence, bidding mechanics, court approval, and how to address liens. Learn how an attorney-CPA team can help you seize the opportunity while avoiding costly missteps. Visit our firm website at www.cummings.law.

House hacking offers powerful tax advantages—but only if you know how to use them. This podcast covers deductions, depreciation, allocation of personal vs. rental use, and how to preserve Section 121 exclusion eligibility while earning rental income from your primary residence. Visit our firm website at www.cummings.law

Explore practical, legal strategies to reduce your business tax burden. This podcast breaks down common methods including accounting methods, deferred compensation, timing of income and deductions, and retirement plan contributions. Learn how proactive tax planning can preserve your bottom line. Visit our firm website at www.cummings.law

When business debt is forgiven or cancelled, it can trigger serious tax consequences. This podcast explains when discharged debt is considered taxable income, outlines exceptions like insolvency and bankruptcy, and explores how to reduce exposure through proper planning. Visit our firm website at www.cummings.law.

Understand the mechanics of estate and gift tax exemptions, including how to leverage lifetime exclusions and annual exclusions to minimize tax liability. This podcast explains current exemption thresholds, portability, and planning strategies under the Internal Revenue Code. Visit our firm website at www.cummings.law.

Learn how post-nuptial agreements can safeguard family-owned businesses from marital disputes and protect ownership continuity. This video explores how to structure enforceable agreements that balance fairness with asset preservation in closely held companies. Visit our firm website at www.cummings.law.

Learn the basics of estate tax, including the “death tax,” gift tax exclusion, ILITs, marital deduction, FLPs, and charitable strategies. Discover how to reduce liability with expert estate tax planning from an attorney-CPA. Avoid costly mistakes—plan smart and protect your legacy. Visit our firm website at www.cummings.law

When structuring multiple business ventures, the concept of a holding company often emerges as a viable option. A holding company is a parent corporation that owns enough voting stock in another company to control its policies and management. It does not produce goods or services itself; rather, its primary purpose is to own shares of other companies. Visit our firm website at www.cummings.law.