Growing your business doesn’t have to mean growing your legal matters too Growing your business doesn’t have to mean growing your legal matters too. Pretty much all of us would like to keep as much money as we can and not have to worry about tax deductions every year. Just as Albert Einstein said, “the…
A comprehensive estate plan can protect the things that matter most. For many, this means their property and their family. Including provisions for the care of your children in your estate plan is essential for peace of mind. But many parents struggle with including such provisions as naming a legal guardian for their child in…
It is important to keep in mind about the new tax laws for 2018? As a business owner, it is important to keep in mind about new tax laws now that the year is coming to an end. Not only with the tax laws changing, but staying informed about how Brexit is making an impact…
If you work from home, you may be eligible for tax deductions on part of the rent or mortgage payments you make, but you may be afraid this puts you at risk of tax audit. And, rightly so. Calculating your home office deduction properly can minimize your taxes and keep you out of risk. The…
There are many reasons why people do estate planning. The most common reason is to avoid probate and to make sure your assets go to your loved ones after you die, instead of being seized by the courts. But there is another reason why some people must do estate plans and it has to…
Are you updated on 2018 laws as a business leader? Just as death and taxes are certainties, so are annual changes to laws and regulations governing businesses. This year is no exception. Most of the changes to the 2018 laws governing businesses occurred at the state level, but there were some significant changes that also…
Blended families, unmarried couples, assistive reproductive technology (ART) and same-sex unions and marriages challenge the traditional concept of “family” as it’s been known for legal purposes up until now. Significant changes in the way we define family culturally means more families are left without the valuable protection they need, in the event of a death…
So, no matter how hard I tried to stop her from growing up, our baby girl turned 2 this past week. In two years, she’s come a long way: she’s mastered the word ‘no’ ; she role plays and does impersonations; and when she really wants me to work for it, she’ll refer to me only by my first…
Being in your 20s or 30s doesn’t mean financial success is decades away. In fact, earning big money is often even more possible when in your “growing up” years because most people are a lot more willing (and able) to take risks before they get bogged down with the “realities” of life. While the old…
While tax day here in the United States is not until April 15, if you own a business and you intend to follow the rules, you’ve already started scrambling. 1099’s were due to your independent contractors February 1, and if you are filing an S or C-Corp tax return, it’s due March 15, and then…
Don’t Let Creditors Steal Your Wealth! Approximately 20 years ago, states like Delaware and Alaska became the first to create new trust laws to provide an attractive alternative for the thousands of Americans who were using offshore trusts to protect their assets. These changes allow for the creation of Domestic Asset Protection Trusts that shelter…
Caring for an aging parent is a common challenge for Baby Boomers, and now even Gen-X’ers and Millennials. And, stepping in to help manage your parents’ finances, without eroding their sense of independence and privacy, can be tricky. Many aging parents are reluctant to ask their children for help with their finances. It means a…
Although often perceived as a worst case scenario, bankruptcy can be an appropriate way for small businesses to recover from unmanageable debt by reorganization, reducing personal liability or liquidating business assets. Sometimes small businesses (or their owners) must turn to bankruptcy when cash flow slows or business expenses cannot be met. There are three types…
Decisions about your health care are some of the most important you will ever make. Don’t put off making plans until you are unable to assert your wishes. Including health care documents in your estate plan can ensure your decisions are always your choice, even if you cannot speak for yourself. Health care documents that…
Up until now, you alone have been running your small business. Now you need help. The moment when a small business owner decides to hire his or her first employee is one of triumph. Conversely, knowing how to start the hiring process can be a moment of confusion. If you’re ready to hire your first…
Preparing You And Your Family For The Future An estate plan is a collection of documents, prepared with the assistance of an estate attorney, that define how your assets will be managed in the event of your death or incapacitation. The end of the line is something most people don’t like to spend too much…
Baby boomers know money isn’t the only important aspect of estate planning. A 2012 study released by the Allianz Life Insurance, Co. showed baby boomers wanted to leave their family more than just financial assets. Researchers found baby boomers identified family values as some of the most important things to pass down to heirs. In…
Building a brand can transform your business into an enduring household name. But how do you build a brand when you are starting from scratch? One good place to start is developing a consistent company culture. Company culture can be leveraged to create a unique and memorable company identity. More than just a corporate buzzword,…
Power of attorney (POA) is a document that grants a specific person, called an agent, the authority to make important decisions on behalf of another person, called the principal. There are many different kinds of power of attorney. The scope of the authority the principal grants to the agent can be very broad or quite…
Building a business empire, enterprise, or even just a start-up has its price. The image of the confident and charismatic CEO often falls short of reality. Before, during and after public visibility often comes personal self-doubt, anxiety and mental anguish. Many business owners donot readily divulge the distress they feel because they don’t perceive it…
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