Summary: Have you been handling your company’s remote work policy on an ad hoc basis? This isn’t going to cut it in the long term. Click through to rethink home office policies, procedures and benefits tailored to the home office world.What challenges have your employees been facing, and how can you offer the solutions they […]
Summary: Trusts are powerful estate planning tools, but before you create one, you need to know which kind is right for you and how they work. Click through for an overview of the different types of trusts so you can make an informed decision.Trusts are used in estate planning to transfer assets to beneficiaries. Trusts […]
Summary: Business succession planning involves creating a plan for someone to own or run your business should you retire, become disabled or die. Click through for ideas on passing control to the next generation.Once you’ve become comfortable with the idea that you want your business to continue after you’re no longer around, you must plan […]
Summary: No one enjoys a tax audit, and there’s no way to guarantee that you won’t get hit with one. But there are some things you can do to minimize the chances of being audited by the IRS. Click through for some tips that can help you either avoid an audit or, at the bare […]
You may not be aware that just one inch of floodwater can cause up to $25,000 in damage. Still, most homeowners insurance doesn’t cover flood damage. Flood insurance is a separate policy covering buildings and their contents. Homeowners insurance for water damage is generally limited to problems like burst pipes, not an inundation of water […]
Taxable income includes more than just your salary. You may be subject to backup withholding, and the payer — that is, the bank or other business that made the payment to you — must withhold at a flat 24% rate when: You don’t give the payer your TIN in the required manner. The IRS notifies […]
Before forming a nonprofit organization, you should understand the types of structures available so you can choose the one that provides the most benefits. You can organize in one of four ways: An unincorporated association — this includes any informal group of people who get together for a common purpose, such as playing bridge. You […]
An internship is an opportunity that can lead to a full-time job. College students may receive class credits for internships. You might want to use internship programs to scout new talent and get temporary help without committing to permanent new hires. But don’t use interns as free or low-cost labor. If you’re considering interns as […]
If the pandemic proved anything, it’s that life tends to get in the way of our plans — including retirement plans. Over the course of the pandemic, many people were forced to retire early, others decided they wanted to retire and still others opted to change their planned retirement date. The number of people affected […]
