Page 10 - DEC2022

Commercial

Glass & Glazing

While these can be very helpful, unless you have done CONCLUSION
them before, you should enlist the help of your CPA to take While many items can be on your end-of-year checklist,
advantage of these strategies. While on the topic of legacy these are a few items from the financial arena that can SOLUTIONS
planning, it is a good idea to review your wills, trusts, help jog your memory. Some of these items you will want
and estate planning strategies. What is your business, to do, or at least review, by the end of 2022. Some of the We Take Care of
continuity plan? What is your family continuity plan? items have hard deadline dates, and some will allow flexi-
We all have an expiration date, we just don’t know when bility into next year. Make sure you reach out to your CPA
that date is, so it is a good idea to be prepared. While and Financial Planner to review these and other financial
talking about family planning, especially if you have a items. You might have some other additional items to add Your Glass
family run business it is a good time to have a family to the list, but at least this should help prime the pump. N
meeting to review the family mission statement and family
plan and how it works into 2023. Check with your CPA,
because it may be possible to have a family meeting and BIBLIOGRAPHY
get a deduction for the cost of the meal and/or outing. Liang, S. T., et al. (2021). "COVID-19: a comparison to the 1918 influenza and
how we can defeat it." Postgraduate Medical Journal 1995; 97(1147): 273-274.

(2022). Penalty Relief for Beneficiaries of Inherited IRAs- Guidance for Certain
Required Minimum Distributions for the 2021 and 2022 tax years. IRS.Gov.
https://www.irs.gov/forms-pubs/guidance-for-certain-required-minimum-
distributions-rmds-for-the-2021-and-2022-tax-years 281-353-1100

This information is general in nature and is provided for www.SpringGlass.net
informational purposes only. There is no guarantee as to
its accuracy or completeness. Any tax statements contained
herein are not intended, or written to be used, and cannot
be relied upon or used for the purpose of avoiding penalties
imposed by the Internal Revenue Service or state and
local authorities. Individuals should consult their own
legal and tax counsel as to matters discussed herein and
before entering into any estate planning, trust, investment,
retirement or insurance arrangements.

W. Ben Keel, III is a Registered Representatives of and
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Alliance Associates, Inc. Member FINRA/SIPC, a
registered broker-dealer. Insurance is offered through
Financial & Insurance Consultants, which is not affiliated
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THE BEST TIME TO PLANT business in a state if first registered, or is excluded or
A TREE WAS 20 YEARS AGO. exempt from state broker-dealer, investment adviser, BD
THE SECOND BEST TIME agent or IA rep registration requirements, as appropriate.
For information concerning the licensing status or
IS NOW. disciplinary history of broker-dealer, investment adviser,
BD agent, or IA rep, a consumer should contact his or her
- Chinese Proverb state securities law administrator. Soli Deo Gloria

10 NBIZ ■ December 2022