Summary: The Fair Labor Standards Act has two categories of employees: exempt and nonexempt. But can an employee have two jobs at a company, one in each category? Click through to see how the rules would work in this situation. You can allow an employee to work two different jobs for your company. However, […]
Summary: When you’re a spouse or personal representative of a deceased individual’s estate, you discover that even the deceased needs to file a final tax return. Click through to find out what responsibilities you have to square things with the IRS. As a survivor, executor or administrator of an estate, you are obligated to file an […]
Summary: How will you pay for the help you’ll need in caring for yourself later in life? Long-term care insurance can be a major help, but decisions surrounding it can be complex. Click through for some insights on whether it might be right for you. Someday, you may need assistance with such routine daily […]
Summary: When people perform work for you, you face a whole new world of responsibilities and deadlines. The rules are detailed and complex. Click through for an introduction to tax rules for employers. Once you have at least one person working for your business, you’re an employer. Being an employer comes with a wide range of […]
Summary: The IRS recognizes a couple dozen different kinds of nonprofits, but the most common is probably the 501(c)(3), a tax-exempt charitable organization. Click through for an overview of the complex process of launching one. The typical charity is organized as a 501(c)(3) entity, and if you’re planning to set one up, roll up your sleeves: […]
Summary: HIPAA, a law passed in 1996, protects people with health conditions from being discriminated against in health insurance and protects your medical records. Click through to learn just how important HIPAA can be and how it affects you. The Health Insurance Portability and Accountability Act protects Americans with health-related conditions from exclusions, limitations […]
Summary: Municipal bonds are issued by states and municipalities. Their most appealing features are their tax-exempt and lower-risk status. Are they right for you? Click through to read more about the pros and cons of tax-free municipal bonds. Municipal bonds are stable, income-producing vehicles that are used to fund local and state government projects, such as […]
Summary: The traditional 9-to-5 job is getting rarer by the minute as employees clamor for flexible work. This new trend, if managed right, can benefit everyone. Click through to see how flexible work influences retention. In a flexible work arrangement, employees typically get to choose their work location and their work arrival and departure […]
Summary: Many homeowners believe their property taxes are etched in stone and that the rates calculated in municipal offices cannot be changed. Click through to learn how your town arrives at your tax rate and how you may be able to change it. Property taxes can be confusing, as there doesn’t appear to be […]
Summary: New entrepreneurs think about production, marketing, sales and human resources — but often forget the tax angle. You need to be on top of your IRS situation from day one. Click through for an overview of taxes for new businesses. Have you given thought to your tax responsibilities, and the choices you need to make […]