Category Archive: Individuals & Family

Children playing with blocks

IRS’ Advance Payments of 2021 Refundable Child Tax Credit under The American Rescue Plan Act of 2021

The American Rescue Plan Act (ARPA) made the Child Tax Credit (CTC) fully refundable for 2021 and increased the maximum amount from $2,000 to $3,000 per qualifying child for children between ages 6 and 17 ...

Family on the beach

5 Tips For Safe Intrafamily Loans

If a relative needs financial help, offering an intrafamily loan might seem like a good idea. But if not properly executed, such loans can carry negative tax consequences — such as unexpected taxable income, gift ...

Top 10 Internal Controls to Mitigate Cybersecurity Risks in the Family Office

Current Cybersecurity Trends “It is estimated that by 2027, global spending on cybersecurity will reach $10 billion. In this age of IoT, where there is no escaping the internet, it is very important to understand ...