Retirement plans are becoming more supercharged. Auto-enrollment and other key provisions are being phased in, meaning big changes are on the horizon for both employees and employers. Click through for more information about these changes and key details regarding the Setting Every Community Up for Retirement Enhancement Act 2.0. The SECURE Act 2.0 has a […]
As a general rule of thumb, you usually have to start withdrawing from your IRA, SIMPLE IRA, SEP IRA or other retirement plan account when you reach the age of 70 1/2. Click through to read all about how you can instead wait to start taking out withdrawals when you turn 72. When making minimum […]
Income can come in the form of money, property or services, but how do you know what is taxable and what is nontaxable? Click through for guidance on how to tell the difference based on certain circumstances. In general, income is taxable unless it is specifically exempted by law. Such taxable income must be reported […]
Certain groups of people are protected from employment discrimination under the law. These groups are called protected classes. But who is included in these groups? Click through to learn more about protected classes in employment.According to the Equal Employment Opportunity Commission, “to ‘discriminate’ against someone means to treat that person differently, or less favorably, for […]
“Branding” is one of those words that gets thrown around quite a bit, with many people not even sure of its meaning. Companies will need to focus on it to be competitive in the industry, however. Click through for some tips on creating an identity for your business. Who are you, as a company? The […]
Are you expecting your assets to be transferred to your heirs efficiently and effectively by way of a well-designed trust? Unfortunately, there are many common mistakes that often arise, which can disrupt your plans and frustrate your loved ones in the process. Click through for tips on how to avoid some of these common problems […]
Are solar panels becoming more affordable for the average homeowner? Would solar panels help you save money on your energy bills? There have been a considerable number of changes in the solar panel marketplace over time. Click through to see if solar panels have a place in your home. Solar panels have become more popular […]
While the basic tax implications of the business entity you opt for remain the same as in past years for the most part, additional details have been added for 2023. Click through to learn about deduction suspensions and credits, both of which are important to understand this year. The form that your business is categorized […]
Summary: Do you find yourself spending a sizeable percentage of your time preparing and submitting your taxes every year? You’re not alone. Many people find themselves in inadvertent noncompliance due to the complexity of taxes and the fact that the rules change every year. Click through to better understand the top tax issues for businesses […]
Summary: The step-up in basis provision is a powerful tool in the estate planning workbox. It helps families shield inheritances from estate tax. Click through to learn about its history and — most importantly — what it means for you. The step-up tax adjustment has been under siege for decades but has so far survived the […]
