John A. Cochran, Esq.

John A. Cochran, Esq. Experienced Certified Public Accountant and Attorney at Law that handles every level of tax & estate.

An important part of any strategic business planning is succession planning. Business owners approaching retirement age ...
08/07/2023

An important part of any strategic business planning is succession planning.

Business owners approaching retirement age should consider whom they want to pass the ownership of their business to and will need to know how to do that. Are you selling the business? Passing it along to a family member? Business partner?

The sooner you develop a plan, the better. Our firm is here to help with succession planning and answer your questions about how to properly map that out. ⚖️ https://www.jacochranlaw.com/business-succession-planning

John A. Cochran, Esq. [email protected] or 724-216-5180

Here are some tax planning tips for small business owners that you can start now from the U.S. Chamber of Commerce: http...
07/27/2023

Here are some tax planning tips for small business owners that you can start now from the U.S. Chamber of Commerce: https://www.uschamber.com/co/run/finance/money-saving-tax-strategies

If you begin a plan now you can still minimize your tax debts significantly for next tax season.

Tax planning or tax law questions? Our law office assists individuals and small business owners in reducing their tax debts, while staying compliant with state and federal taxes.

John A. Cochran, Esq. [email protected] or 724-216-5180

If you have a complicated tax situation, it’s a good idea to rely on professional expertise when beginning a tax plan. T...
07/26/2023

If you have a complicated tax situation, it’s a good idea to rely on professional expertise when beginning a tax plan. Tax laws can be extremely complicated and may require an experienced tax planning professional to help.

If it’s an easy undertaking you can read more here https://financebuzz.com/tax-planning-beginners-guide from FinanceBuzz. You can learn more about tax planning and how to get started with or without professional assistance. Starting a tax plan now can result in significant savings come April.

Questions about tax planning? Have a difficult personal or business tax situation? We'll find you the answers and resolution. ⚖️

John A. Cochran, Esq. 724-216-5180 or [email protected]

It’s July. Not many people are thinking about taxes. However, if you really want to save money, time, and avoid tax prob...
07/24/2023

It’s July. Not many people are thinking about taxes. However, if you really want to save money, time, and avoid tax problems come tax season...now is the time.

Informed tax planning advice helps you comply with the thousands of complex federal and Pennsylvania tax laws. Additionally, it helps you avoid any legal quagmire you may run into with your taxes and the IRS. Tax planning also serves to minimize the taxes you pay throughout the year. Here is how tax planning now can help you or your business:

* Tax return preparation for corporations, limited liability companies, partnerships, trusts and individuals
* Timing and characterization of transactions
* Revenue recognition advice
* Tax minimization strategies
* Preparation of tax estimates
* Tax compliance advice

Our firm works directly on a one-on-one basis, or in coordination with your accountant or corporate staff. ⚖️ https://www.jacochranlaw.com/tax-compliance

John A. Cochran, Esq. 724-216-5180 or [email protected]

We have been discussing the importance of wills recently. Here are some legitimate reasons to seriously consider prepari...
07/19/2023

We have been discussing the importance of wills recently. Here are some legitimate reasons to seriously consider preparing a will today:

* avoids years of litigation for your family
* helps to settle family disputes
* allows you to dictate what you want to give and to who
* you name a guardian for your children
* saves your heirs time & money

These are all very important reasons to have a will completed as soon as possible. If something happens to you and you die intestate (without a will) problems can occur leaving your family in legal limbo.

Create a will online, sit down and write one, or contact your trusted local estate attorney to help you walk through the beginning steps. Don’t leave your family with a mess to deal with when you are gone.


John A. Cochran, Esq. 724-216-5180 or [email protected]
https://www.jacochranlaw.com/will-preparation

Wills are important to those that matter to you. They are a selfless thing you can do to protect the ones you love. A wi...
07/17/2023

Wills are important to those that matter to you. They are a selfless thing you can do to protect the ones you love. A will helps to avoid conflict and legal problems for your heirs.

Providing awareness about the importance of a will is something our estate and tax law office feels strongly about.

According to this 2021 Gallup poll https://news.gallup.com/poll/351500/how-many-americans-have-will.aspx only 46% of U.S. Adults have a will. You can also scroll through and see the percentages by age, income, and more. The numbers given are pretty interesting.

If you would like to talk more about drafting a will or other estate planning needs, give our law office a call for the answers you may seek. As always our consultation is free. ⚖️

John A. Cochran, Esq. 724-216-5180 or [email protected]

Starting a will is the hardest part. It may be difficult to put aside the thought of your own mortality and really focus...
07/13/2023

Starting a will is the hardest part. It may be difficult to put aside the thought of your own mortality and really focus on how and what you want to leave your loved ones. However, having a legal will in place is critical for those you love.

An easy way to start is online. There are a variety of DIY online sources that offer template forms to get started. They are inexpensive and quick. It’s better than not having a will at all.

In many situations though, these may not cover every aspect of your wishes in your will. Online wills fail to offer tax guidance, the language may be inadequate, and the standard forms are not typically customizable. There may be additional legal issues that are too long to list within a post here.

If that is the case for you, contact a trusted estate attorney for a review of your online will and the necessary legal guidance.

The bottom line is start preparing a will today. Whether it is online or through your attorney the best course of action is to avoid procrastination when it comes to drafting a will. We never know when our time is up.

For more, visit our Will Preparation page here: https://www.jacochranlaw.com/will-preparation
John A. Cochran, Esq. 724-216-5180 or [email protected]
⚖️

Have you thought about what happens if you die without a will (intestate) or what happens to your children and belonging...
07/11/2023

Have you thought about what happens if you die without a will (intestate) or what happens to your children and belongings? Thinking about our own demise is difficult, we understand this. Estate planning is a deeply personal situation. Regardless we should all be prepared.

None of us are immortal. None of us can take our money, property, and other important belongings with us.

Most parents want to know their children are taken care of also. Even if you only have a few hundred, or a few hundred thousand dollars in your bank account, you probably want to ensure who that goes to. Likely the same with a life insurance policy or any investments. Or, an important special family heirloom.

Need assistance with will preparation? Our law office is here to answer all of your questions. John A. Cochran, Esq. 724-216-5180 or [email protected]

Our CPA & law firm specializes in tax law, estate planning, and business law. If you are confused about legal issues reg...
07/07/2023

Our CPA & law firm specializes in tax law, estate planning, and business law.

If you are confused about legal issues regarding any of these, contact our offices for a free consultation. Real Results for YOU!

https://www.jacochranlaw.com John A. Cochran, Esq. 724-216-5180

Have a wonderful 4th of July from our law offices to you and your family. 🇺🇸
07/03/2023

Have a wonderful 4th of July from our law offices to you and your family. 🇺🇸

Legal issues that can arise from your death without a will (intestate) can become major problems for your loved ones.In ...
06/28/2023

Legal issues that can arise from your death without a will (intestate) can become major problems for your loved ones.

In the past, we have discussed some inexpensive precautionary actions you can take with estate planning to make life easier on your family should something happen to you. Creating a will is one of those. It doesn’t cost a lot, and in many cases isn’t very difficult to start with a little help.

You do not want to wait or procrastinate when it comes to protecting your family.

John A. Cochran, Esq. 724-216-5180. You can learn more about wills and their importance here: https://www.jacochranlaw.com/will-preparation ⚖

Something you may not think about is inheritance/estate taxes. However, this is something you should carefully consider ...
06/26/2023

Something you may not think about is inheritance/estate taxes. However, this is something you should carefully consider when estate planning.

The estate tax is often misunderstood. When a person dies, the estate potentially can face both federal and state estate tax. This is in addition to any income tax the decedent taxpayer owed and if their estate generates income during the time of probate, say from rental or interest income.

Pennsylvania Inheritance Tax:
There are significant exemptions for the federal estate tax, which often changes. Pennsylvania does not have an estate tax. Instead, Pennsylvania levies an inheritance tax. Unlike the federal estate tax, it is not charged against the entire estate; beneficiaries receive exemptions and the percentage of tax depends on which of the four classes of taxation that the beneficiaries belong.

For a deeper understanding of this and other estate planning needs, give our law offices a call for a free consultation.
John A. Cochran, Esq. 724-216-5180 or [email protected]

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