Filial responsibility laws are legal rules that hold adult children financially responsible for their parents’ medical care when parents are unable to pay. Click through to learn how they can impact parents’ long-term health care concerns.
Summary: Workplace style during the pandemic took a dramatic shift to casual attire. Was this a one-time change or was it permanent? Click through to see whether office dress codes will return to pre-pandemic button-downs and slacks. Many workers have spent the past year working from home, their suits and dress shoes gathering dust […]
Summary: Do you rely on seasonal employees to fill staffing shortages during holidays or busy periods? Click through for insights into navigating seasonal employment. Seasonal employment is commonplace in service-oriented industries such as retail and hospitality, where business tends to spike during certain times of the year. Other employers can utilize seasonal employment as […]
Summary: 529 savings plans can do more than just help you pay for college, and now is a good time to consider just how flexible they can be. Click through to take advantage of the myriad benefits of a 529 plan in a pandemic-affected economy. The coronavirus upended the lives of many college students […]
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 […]