Industries that pay their employees the minimum tend to have high turnover. There’s a reason for that! Higher wages pay off in the long run. Read through to see why it’s a good idea to pay more than the minimum wage.Enacted in 1938, the Fair Labor Standards Act governs the federal minimum wage, among other […]
Most people enjoy gambling more than calculating probabilities. They would rather spin a wheel or pull a lever than juggle statistical estimates. Click through for a wake-up call on this to make sure your sunset years are comfortable.To start with, successful investing means a reliance on a mix of mathematical applications and other factors, like […]
A qualified personal residence trust or QPRT allows you to remove your home from your estate to reduce your gift tax. Do you need one, and if so, how can it work for you? Click through for the intricacies of this form of trust.If you think you may face a gift tax issue, you may […]
At first glance it seems obvious what the difference is between a hobby and a business. But the IRS draws a heavy line between them. Click through for insights into IRS regulations to help you learn when your hobby becomes a profit-making entity.Is your hobby a business? It matters to the IRS. The agency says […]
The yield curve, a graphic depiction of interest rate paths, can be hard to understand and interpret, and yet it remains a bellwether for investors. Click through for a brief overview of what it means, to help you take charge of your investment strategy.A yield curve shows a snapshot relationship between yield to maturity and […]
Summary: Residential solar power has come a long way. What do you need to know as people turn to more renewable energy sources? Could it be a solution for your home—and is there a tax break? Click through to learn more about solar power in your home. For a long time, residential solar power was cost […]
It would seem obvious: A bonus is income and gets withheld and taxed just like the money in the regular paycheck. But in reality, it’s more complex than that. Click through for details so no one faces unpleasant surprises at tax time.Bonuses, frequently given at the end of the year, are a popular “thank you” […]
Talking about pay with employees can be uncomfortable — even for experienced managers. But if you plan it right, the talk can be profitable for both parties. Click through for strategies on navigating pay discussions with your staff.During the normal course of business, managers are typically required to have conversations with their employees regarding compensation. […]
When you are planning how to divide your estate among family members, fair does not necessarily mean “equal.” Click through to learn how to preserve both the maximum value for the estate’s assets and harmony among the beneficiaries.For some simple estates, all you may need to do is split your assets in equal proportions among […]
As an employer, you will have confidential access to personal and identifiable information regarding your employees. If their information is not handled properly, the private details about their identities can easily end up in the wrong hands. Click through for insight into how you can protect your employees. Deductible levies for itemizers include their payments […]
