Margaret Amsden

Margaret Amsden

Shareholder, Private Client Services

Margaret leads the firm’s private client services group as the point person for individual, estate and succession planning tax strategies.

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

Is Your Wealth Being Managed by the Right Team?

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.

by Margaret Amsden

How Life Insurance Enhances Your Estate Plan

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.

by Margaret Amsden

Child Tax Credit Update: Advance Payments & Eligibility

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.

by Margaret Amsden

Retirement and Cash Flow: A Tale of Two Necessities

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.

by Margaret Amsden

President Biden’s Tax Plan – What You Need to Know

The Biden Tax Plan is focused on increasing taxes on businesses and high net worth taxpayers to pay for the ambitious infrastructure and education plans. Review the proposed tax increases and legislation of the American Families Plan Act.

by Margaret Amsden

American Rescue Plan Act: Key Impacts

Review the key impacts of the $1.9 trillion American Rescue Plan Act, including another stimulus payment and extended unemployment benefits.

by Sarah Russell

by Margaret Amsden

Why It’s Important to Classify Employees vs. Independent Contractors

Worker misclassification has been a long-standing issue because of the difficulty in distinguishing employees from independent contractors. Learn about the key differences between employees vs. independent contractors and how to classify each in your business.

by Margaret Amsden

Pre-Transaction Tax Structuring Considerations

Business owners and entrepreneurs typically operate in a very fast paced environment and, as a result, can be unprepared for a transaction when the opportunity arises. If they face a potential transaction to raise capital, sell their business or acquire another company, they may not have had time to consider options to restructure their existing company to simplify or streamline the transaction. A few options should be considered.

by Margaret Amsden

Private Client Services: An Introduction

Owners of closely-held businesses are passionate about what they do, masters of their practice, and driven to succeed. When it comes time to plan for the future, Private Client Services (PCS) is the partner that helps business owners take on the future with the same confidence they have in their business.

by Margaret Amsden

Considering a Merger or Acquisition?

The changes that occurred under the 2017 Tax Cuts and Jobs Act (TCJA) continue to impact businesses in multiple ways, and while some of these are favorable, others are not. More recently, the Coronavirus Aid, Relief, and Economic Security (CARES) Act further adjusted some of these rules. Businesses considering a transaction, such as a merger or acquisition, should be sure to discuss the following items.

by Margaret Amsden

by Ben Smith

Rethinking Your Retirement Funding Options

As a result of market fluctuations over the past six months, many taxpayers have seen a decline in the value of their retirement portfolios, so now may not be the best time to draw from your retirement savings, even if you are eligible. Here is some guidance regarding Social Security and IRA Distributions.

by Margaret Amsden

Estate Planning 101

With all of the change the past few years, now is an ideal time to revisit your estate plan. Learn about the essentials of estate planning and why it's important to review and update your plans on a regular basis.

by Margaret Amsden

The Sound of Automation Podcast

Industrial automation businesses are the driving force behind Industry 4.0, and Clayton & McKervey is here to help.

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