Featured 
Ways to Fully Deduct Business-Related Meals

Restaurants have struggled mightily during the COVID-19 pandemic. Thankfully, they’re specifically targeted for a new tax relief measure found in the massive Consolidated Appropriations Act (CAA), which became law on December 27, 2020. The new provision creates a temporary but meaningful tax incentive to spend more on business-related food and beverage costs.

Get Our Latest Insights on the Topics that matter most to you

Trusts 
What are the Main Reasons People Create Trusts?

People create trusts for various reasons. The main reasons are to: Avoid probate; or Pay less in federal and/or state estate taxes This article will discuss the uses of trusts in estate planning and whether they are right for you. Avoiding Probate People who desire to avoid probate usually want to do so because they:

Tax 
Last-Minute Tips for your 2020 Tax Return

Goodbye, 2020. Hello, tax season. Individual taxpayers have until April 15, 2021, to pay Uncle Sam for taxes owed for 2020. (Remember, you can extend the deadline for filing your return until October 15, but you can’t extend the deadline for paying what you owe without penalty.) Unfortunately, many people are struggling to make ends

IRA 
Don’t Overlook a Roth IRA if You Are Self-Employed

Saving for retirement on a tax-advantaged basis should be on nearly everyone’s financial “to do” list, though in this current economic crisis, you may need to put it on the back burner for a time. Making contributions to a Roth IRA is one tax-wise way to save because you can take withdrawals after age 59

News 
Extended Hours for Busy Season

Feel free to drop off your client documents with Mary at the front desk or in our secure drop box during these times. We look forward to seeing you!

Culture 
Hancock Dana adds new hires

Hancock Dana is excited to announce the recent additions to our firm.

Tax 
New Appropriations Act includes Disaster Tax Relief

You’ve probably heard about the massive new Consolidated Appropriations Act (CAA), which provides direct payments to eligible individuals and contains other provisions to help mitigate the effects of COVID-19. But it also provides several tax-relief measures related to qualified disasters.

Retirement Planning 
How an HSA Can Boost Your Retirement Savings

To have a health saving account (HSA), you generally must be covered by a high-deductible health plan (HDHP) at work. HDHPs have become popular in recent years as employers have struggled to keep health benefit costs down.

Estate Planning 
Estate Planning for Personal Property: Why Should Sweat the Small Stuff

When planning their estates, most people focus on major assets, such as business interests, real estate, investments, and retirement plans. But it’s also important to “sweat the small stuff”- tangible personal property.

Tax 
Ways to Fully Deduct Business-Related Meals

Restaurants have struggled mightily during the COVID-19 pandemic. Thankfully, they’re specifically targeted for a new tax relief measure found in the massive Consolidated Appropriations Act (CAA), which became law on December 27, 2020. The new provision creates a temporary but meaningful tax incentive to spend more on business-related food and beverage costs.