Summary: How do you know whether you have too few or too many employees? Click through to adapt your workforce as your organization grows and develops. Are you rethinking your workforce strategy? The pandemic drastically changed markets. Many businesses closed in 2020, others retrenched and still others boomed. As you address your company’s needs, are […]
Summary: Many homeowners sell their houses at a profit, which raises questions about taxation. Fortunately, the IRS gives breaks on these profits. Click through to learn about some hidden details that can save you a lot of money. The tax code authorizes “exclusions” that allow home sellers to completely sidestep federal and state income taxes […]
Summary: In most cases, wills divide cash evenly among heirs. But when it comes to assets like jewelry and artwork, it’s harder to define what makes a fair split. Click through for some tips on dividing your possessions.We like to imagine that a death brings families together in grief, but that’s not always the case. […]
Summary: When you provide workers with additional benefits on top of their regular pay, some may be taxable. As the rules can get complicated, it pays to familiarize yourself with the requirements. Click through for an overview of which benefits are taxable. You can generally deduct the amount you pay your employees for the services […]
Summary: When you first start a company, you may naturally end up filling the role of CFO, but as time goes on, you’ll need to hire someone whose primary focus is financial planning and analysis. Click through to learn about how you can better pinpoint and identify that touchpoint. When the financials of your company […]
Summary: It happens periodically: Investors decide to unload securities that have fallen in price, which leads to a rapid plunge. What are the signs and what can you do? Click through for some insights into the fast-moving market change. A chamade was a Napoleonic drumroll that signaled to the enemy that an army was ready […]
Summary: The alternative minimum tax is a parallel tax system designed to make sure everyone pays their fair share. Click through for an overview of this controversial and misunderstood provision and to see if it might affect you. The alternative minimum tax was created to ensure that all taxpayers pay their fair share of taxes, […]
Summary: In its desire to combat abusive tax shelters, the IRS is leaning more heavily on audits, summons enforcement and litigation. Are you protecting yourself? Click through to be informed about schemes to avoid.All investors seek to take advantage of all legal means to legitimately reduce their overall tax liability, but abusive tax shelters are illegal investments […]
Summary: How do businesses separate ownership and assets if a partner divests, perishes, or becomes disabled? What happens if the company dissolves? You need to consider these possibilities carefully. Click through to learn some important truths about exit strategies. A buy-sell agreement stipulates how a partner’s share of a company will be reassigned if he […]
Summary: When you want to take advantage of certain medical care deductions, the rules regarding what you can and cannot do seem straightforward. However, with some subtle planning, you can legally game the system to boost your deductions. Click through for tips on how to get the most out of the IRS.Let’s consider a married […]