Tax Hive Blog

Enjoy these timely and informative articles that can help you make informed decisions about your business.

What You Should Know About Powers of Attorney
What You Should Know About Powers of Attorney
A power of attorney (POA), is a legal document that grants one person (the agent or the attorney-in-fact) the power to act on behalf of anot …
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What You Should Know About Offshore Companies and Trusts
What You Should Know About Offshore Companies and Trusts
Offshore trusts are also called offshore asset protection trusts, and they’re a popular tool to shield your assets from creditors and lawsui …
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What You Should Know About Living Wills and Health Care Power of Attorney
What You Should Know About Living Wills and Health Care Power of Attorney
American life expectancy has increased over the years, and today 10,000 people will reach retirement age. As we grow older, sometimes our he …
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What You Should Know About a Grantor Retained Annuity Trust (GRAT)
What You Should Know About a Grantor Retained Annuity Trust (GRAT)
In a 1789 letter, Benjamin Franklin is said to have written: “Our new Constitution is now established, and has an appearance that promises p …
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What You Should Know About a Living Trust
What You Should Know About a Living Trust
What is a Living Trust?Also called an “inter vivo trust,” transfers legal ownership of property from a person into the trust during their li …
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What's the Difference Between LLC and LLP?
What's the Difference Between LLC and LLP?
Learn how a limited liability company (LLC) is different from a limited liability partnership (LLP). Consider the best structure for your ne …
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What is a Qualified Joint Venture for Spouses in Business?
What is a Qualified Joint Venture for Spouses in Business?
What is a Qualified Joint Venture?A “qualified” joint venture is a joint venture that conducts a trade or business:Is where the members of t …
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What Happens to My Business if I Die Without a Will?
What Happens to My Business if I Die Without a Will?
Dying Intestate is Complicated“Intestate” means that someone has died without leaving a valid last will and testament. Though there are many …
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What are the Tax Implications of Interest Income?
What are the Tax Implications of Interest Income?
Interest on money and other assets is important not only to savers but also to investors who move money into some accounts to maintain liqui …
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