Did you know there are many steps that you can take to save money via your employment? Some of these strategies work by allowing you to pay for things with pre-tax money, which could up to 40% (depending on your tax bracket) right back into your pocket. Others provide benefits through your employer that are…
If your marriage is on the rocks, one of your many worries is probably the impact divorce will have on your life. We can support you with a thorough analysis of your assets and understanding of the financial impact of a divorce, but financial first read these three widespread myths of the financial impact of divorce….
A major topic of discussion in the business community is a work-life balance. Business owners are concerned about this issue because they do not want quality employees to burn out; employees are concerned about this issue because they want to have meaningful personal lives, as well as purposeful jobs. The younger generations, in particular, actively…
Have you given any thought to how emergency medical care providers know who to contact or what to do if you are in an accident? Some people wear wristbands that contain important health information, such as drug allergies. But there’s an even better tool located in something many of us already carry every day—the iPhone…
Keeping Track of Tax Deadlines While Owning A Business If you own a business, particularly if it is a new business, you are probably concerned about how to track tax deadlines. Fortunately, the Internal Revenue Service has developed several methods to help with this very problem. First, though, you must know which taxes you are…
What? You Shouldn’t Pay Off A Mortgage? To many people, living debt-free is a lifelong dream. It’s the picture of the easy life. Retired with no debt. You may be surprised to learn, however, that debt-free is not always the best decision. That is especially true if the choice is either to pay off a…
Most of us have been exposed over the years to discussions in the media around the issue of diversity. The concept is applied to most of the structures of our society — schools, employers, governmental bodies, and so on. For businesses, the interest in diversity stems largely from legal mandates such as the federal Civil…
Much has been written about our nation’s need to help mothers in the workplace. Many benefits, such as maternity leave and nursing stations, are present or well on their way towards implementation in many U.S. states. With employees working later in life, due, in part, to the rise in the regular Social Security retirement age,…
The untimely death of superstar Prince has brought a surprising issue to American living rooms: estate planning. If current reports are correct that Prince died without a will, state law and the Court system will dictate who controls and inherits his sizeable estate. It is also likely that taxing entities will take a bigger bite…
As a business owner, you likely spend most of your time thinking about money, profit margins, and cash flow. But, your most valuable resource is actually your time and it’s time for you to invest a lot more of your energy using the money, which is infinitely renewable, to free up what’s nonrenewable your time,…
It seems that we can’t turn on the television or radio without hearing an ad for a “reverse mortgage.” So what is a reverse mortgage exactly, and who can benefit from using one? A reverse mortgage is a type of loan taken out against your home. With a reverse mortgage (as with a traditional mortgage)…
If you have a newly incorporated LLC or Corporation, you only have until March 15 to elect S-Corporation status for the 2016 tax year, using IRS Form 2553. This is important because there could be significant tax consequences to you, if you do not elect for S-Corporation status. As the owner of an LLC interest,…
The inclusion of older employees in the workforce benefits companies, the economy, and the employees themselves. More people are choosing to work later in life, sometimes to delay retirement and boost their Social Security check. Often, however, mature workers choose to work as a means to remain engaged and relevant. Contributions of Mature Employees Hiring,…
If you are relatively new in business, you may find that one of your biggest challenges is facing the reality that the people in your life aren’t taking your entrepreneurial endeavors seriously. How to Get Respect For Your Business Ventures This can show up in a variety of ways which undermine your success, including: Interrupting…
As the Baby Boom generation moves on to retirement and Millennials increase their presence in the consuming world, more companies are including Corporate Social Responsibility (CSR) in their business plans. According to the World Business Council for Sustainable Development, CSR is “a continuing commitment of business to contribute to economic development while improving the quality…
For those of us who have pets that would be left behind after we die, there may be a desire to make arrangements for their well-being. Making provisions for pets in your will can only be done through the establishment of a trust. Pets are considered property and, as such, cannot be left money or…
Could This Happen to You or Your Loved One? Town Demolishes House While Owner Is in Hospital Imagine this: your elderly uncle with no family near his home travels South to Florida for surgery and has to stay there unexpectedly for a number of months. While he is away, his home is demolished by the…
With the advanced connectivity options available through the internet and associated devices and applications, more and more people are earning a living by working from home. Many of us, however, may be so ingrained in the notion of being employed and reporting to work at a fixed location that we may not be able to…
How to Succeed in Business Taxes for the Self-Employed Going into business for yourself means learning about a lot of things, and not all of them are necessarily fun. Take taxes, for example. Unless you’re an accountant, dealing with the tax issues that come with your business is probably not your favorite task. But once…
Completing a Succesful Year-End Review There’s been a lot of hullabaloo in recent years over the “after-action review.” The general concept is that after you’ve weathered a major event, you reflect on the strengths and weaknesses of how your company performed. The goal is to improve your performance in similar events in the future. Some…
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