Margaret Amsden

Margaret Amsden

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Leading the firm’s private client services group, Margaret’s strategic & educational approach fosters a culture of learning among clients and colleagues.

What is your area of focus?

As the point person for individual, estate and succession planning tax strategies and entity structuring, I interpret tax legislation, working proactively with clients to realize the best possible advantage. As clients focus on operating, growing and transitioning their businesses, my team and I stay abreast of ever-evolving federal and state tax legislation to determine how these changes impact an overall plan.

How long have you been at Clayton & McKervey?

Since 1999

What is the favorite part about your job?

Taxes are fun, and I appreciate their inherent challenges and opportunities.

Specializations

  • Partnership and Limited Liability Corporation structuring
  • Transaction consulting, structuring and compliance
  • Mergers, acquisitions and reorganizations
  • High-net worth individual income tax planning
  • Succession planning and estate and wealth transfer consulting

Education

  • Master of Science in Taxation, Walsh College
  • Bachelor of Science in Industrial Management, Georgia Institute of Technology
  • Certificate in Industrial and Organizational Psychology, Georgia Institute of Technology

Connections

  • Association for Corporate Growth, Board of Directors
  • Metro Detroit Youth Clubs, Board of Directors
  • Financial and Estate Planning Council of Metro Detroit, Board of Directors
  • Private Directors Association, Member
  • Greenleaf Trust, Advisory Board
  • Walsh College, Tax Advisory Board
  • American Institute of Certified Public Accountants, Tax Section

Articles by Margaret Amsden

Transaction Support

Do You Have a Personal Balance Sheet?

Posted on April 11, 2022 by

Margaret Amsden
A personal balance sheet provides an overall snapshot of your wealth at a specific period in time. If you are a business owner, a balance sheet can help you manage your business by identifying concentrations of certain assets, and when you might have too much of one thing or not enough of another to run your business.

Transaction Support

Buy-Sell Agreements Pave the Way for Your Future

Posted on March 3, 2022 by

Margaret Amsden
Having a properly structured buy-sell agreement in place is a best practice for long-term business success. Also known as a buyout agreement, the right buy-sell plan provides vital financial protection for shareholders or partners and their families. It also helps to ensure the continuity of the business for employees and customers.

Tax & Assurance Guidance

IRS Provides Relief on K-2 and K-3

Posted on February 17, 2022 by

Margaret Amsden
In an attempt to provide more transparency with regard to reporting of foreign activity and/or information to foreign owners, the IRS came out with two new forms: Schedule K-2 (an addendum to the Schedule K) and Schedule K-3 (an addendum to the Schedule K-1). Learn about the latest K-2 and K-3 reporting requirements issued by the IRS.

Private Client Services

Do You Know What You’re Worth?

Posted on January 14, 2022 by

Margaret Amsden
Knowing your net worth can help you evaluate your financial health and plan for the future. From defining net worth to understanding what assets and liabilities are, here are some basic considerations to help you get started.

Private Client Services

Gifting to the Family: Don’t Wait too Long!

Posted on December 2, 2021 by

Margaret Amsden
This has been an eventful, record-breaking year for mergers and acquisitions, up 158% from the same time last year. Stock values continue to rise while interest rates remain at record lows, creating a prime environment to make deals and close transactions. Consider this guidance to help take advantage of the current tax code and valuation discounts before they disappear.

Private Client Services

Gifting to Reduce Tax Liability

Posted on November 18, 2021 by

Margaret Amsden
With the end of the year quickly approaching, the time for year-end tax planning is now, especially with the impending changes outlined in the Build Back Better Act (BBBA) set to be implemented at the start of 2022. One of the major changes affects high-net-worth individuals looking to make gifts to reduce a potential future estate tax liability.

Tax & Assurance Guidance

2021 Reporting Guidance

Posted on October 14, 2021 by

Sarah Russell
Margaret Amsden
Every year brings a list of information filing requirements necessary to make sure payees have the information needed to file their taxes. To assist with year-end business reporting, here are some items for you to consider.

Private Client Services

Is Your Wealth Being Managed by the Right Team?

Posted on October 4, 2021 by

Margaret Amsden
Though CPAs and wealth managers are two different advisors, together they play an essential role in helping individuals make short- and long-term financial plans. To make the best plans for their future, clients are discovering that a partnership between these professionals can further enhance their financial goals and performance.

Transaction Support

Business Transaction Basics: You’ve Closed the Deal, Now What?

Posted on September 30, 2021 by

Ben Smith
Margaret Amsden
Selling a business takes months of preparation, hundreds of phone calls, and seemingly endless decisions before all is said and done. But for sellers, even after signing on the dotted line, there’s plenty more to do. Here are some important post-closing considerations.

Private Client Services

How Life Insurance Enhances Your Estate Plan

Posted on August 3, 2021 by

Margaret Amsden
Life insurance can be a valuable planning tool, but common misconceptions about policy management cause many policy owners to miss significant opportunities. With the right knowledge and advice, you can maximize the policy benefit while reducing cost and risk.

Tax & Assurance Guidance

Child Tax Credit Update: Advance Payments & Eligibility

Posted on June 23, 2021 by

Margaret Amsden
The IRS has released an important update to help people manage the Child Tax Credit that was temporarily expanded in the American Rescue Plan Act of 2021. Here’s a quick summary of the new information and additional program enhancements.

Private Client Services

Retirement and Cash Flow: A Tale of Two Necessities

Posted on May 20, 2021 by

Margaret Amsden
People throughout the world are dealing with many uncertainties as they learn how to pivot in the face of the pandemic. But one thing at the top of many minds is retirement. Planning early ensures you have the resources you need during your golden years.

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