Everyone has heard about pop star Britney Spears and her battle to terminate her conservatorship. But such estate planning tools are not just for the rich and famous. Click through for an introduction to this important but little-known aspect of estate planning.While Britney Spears’ conservatorship case and her multimillion-dollar fortune were extraordinary circumstances, her legal […]
When you’re building a business, you might be focused on the here and now. But if you really want to succeed over time and set up a long-term business structure, you must imagine how the business will survive even after you’re long gone. Click through to learn how you can think about the longevity and […]
Most people enjoy gambling more than calculating probabilities. They would rather spin a wheel or pull a lever than juggle statistical estimates. Click through for a wake-up call on this to make sure your sunset years are comfortable.To start with, successful investing means a reliance on a mix of mathematical applications and other factors, like […]
At first glance it seems obvious what the difference is between a hobby and a business. But the IRS draws a heavy line between them. Click through for insights into IRS regulations to help you learn when your hobby becomes a profit-making entity.Is your hobby a business? It matters to the IRS. The agency says […]
Summary: Many business owners have learned the expensive way that just because they incurred expenses doesn’t mean outlays can automatically qualify as deductibles. Click through for a case study that shows what “ordinary and necessary” really means. The operative word for business deductions is business. Generally speaking, the money that people spend to improve their […]
Summary: Dividend stocks have been riding a renewed wave of popularity. Investors appreciate dividends due to the reliable income streams they produce, along with their potential for capital appreciation. Click through for an overview on dividends to see whether they’re right for you.Dividend stocks provide a relatively low-risk strategy and a hedge in volatile markets. […]
Summary: Productive workers can be difficult to find, though employee referrals can make your search much easier. But how does such a system work? Is it something you can implement at your place of business? Click through for insight into this type of incentive program.In May 2022, ABC News reported that 90% of employers have […]
Summary: In a traditional employee situation, a business withholds and remits certain payroll taxes. But what’s the deal when it comes to other types of compensation or income? Click through for an introduction to the complexity that is withholding rules.Backup withholding is a certain method that the IRS implements as a way to make sure […]
Summary: Remote work is here to stay, whether that be via fully remote jobs or hybrid positions. As a result, employers must rethink how they plan to monitor, measure and reward employees who work remotely. Click through to learn how to achieve a balance at your company. Finding a healthy and sustainable balance between remote […]
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 […]