Summary: There has long been confusion about the distinction between employees and independent contractors, even though it’s essential for businesses to get it right. Click through for some tips from the IRS. Do you have employees or independent contractors? It’s not always an easy question to answer, but the IRS insists you get it right, because […]
Summary: Forensic accountants can value a business as well as calculate losses and potential legal damages. Might they be able to help you? Click through to learn when you need to employ a forensic accountant and how forensic accounting works. If you discover money missing from your business, you need a forensic accountant. Forensic accountants are […]
Summary: What you think you know about taxes and divorce may be wrong. The Tax Cuts and Jobs Act changed the rules and whether you’re paying or receiving, you need to know the details. Click through for guidance on the tax situation surrounding alimony. In divorces, an ex-spouse may be legally obligated to make payments to […]
Summary: If you’re running a business, you don’t only have to worry about your own personal taxes. You have to concern yourself with your company’s taxes as well. Click through for an introduction to business taxes. If you’re running a business, you’re on the hook for a variety of taxes. Let’s take a look […]
Summary: A trustee faces major responsibilities once the grantor dies, and oversees the funds on behalf of the beneficiaries. Click through to learn what those duties are so you can be prepared if you’re ever named trustee. As a trustee, you’ll have to get to work within a month of when the grantor dies. There will […]
Summary: Are you considering incorporating or forming an LLC? What are the practical and financial implications? Click through to learn the advantages of moving beyond a sole proprietorship. Operating as a sole proprietorship or general partnership is the least complicated way to run a business, and many small businesses never move beyond that. But businesses that […]
Summary: Looking to win the battle for consumer attention? Click through to find out how to captivate customers. When marketers talk about the attention economy, they mean more than getting prospects to look at your ad. They’re talking about buying, selling, capturing and using consumer attention efficiently. Consumer attention is limited and always comes at a […]
Summary: Do you want to provide for a surviving spouse yet maintain control of how your trust’s assets are distributed once that spouse dies? The qualified terminable interest property trust may be the tool you need. Click through to learn what a QTIP trust lets you do. A qualified terminable interest property, or QTIP, trust provides […]
Summary: A life insurance policy is considered property, and that means it can be sold. This can prove advantageous in difficult circumstances. Click through to discover what life settlements can do and what they can’t do. A life settlement is a way to get cash for a life insurance policy you no longer need or can […]
