Summary: A family business is owned by people who are all related to one another. But who should take over when the owner passes away or steps down? Click through to learn about what you can expect regarding the inheritance of a family business. Fairness isn’t always about equal shares — it’s often about what […]
Summary: Does your child have income from investments, savings or gifts? You might be surprised to learn that the IRS may expect a tax return from them. Click through to find out how to stay compliant and avoid unexpected tax bills. We generally assume that children aren’t required to pay taxes. But if your child […]
Summary: Do you trust that your payroll process is efficient, reliable and consistent? It doesn’t hurt to revisit your payroll process to make sure it’s as robust as possible. Click through for insights into common payroll mistakes and how you can structure your process to avoid them. Your employees expect their paychecks to be accurate […]
Summary: Ready to learn about the best tax break you’ve never heard of? These days, you can rent out your home for up to two weeks per year without having to report the rental income. Click through to learn more about this IRS tax rule. Originally created to protect the residents in Augusta, Georgia, who […]
Summary: As more people are working out of their homes, the home-office tax deduction is becoming more popular. However, it can get complicated as you try to separate home from business expenses. Click through for some tips on understanding the rules. Good news if you have a home office! You may be able to deduct […]
Summary: You know it’s important to take out a life insurance policy to provide financial protection for your loved ones. But should you take out a term or whole life insurance policy? And what’s the difference between these policy types? Click through to learn how to make a good decision. You have many life insurance […]
