Posted on: September 27, 2022
How Hiring employees increases your legal risks Scaling up necessarily requires help, but hiring can be risky. Companies have two choices when hiring a new worker: bring a new employee on board or hire an independent contractor. One of the main benefits of having employees is that you have much more control over the work […]
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Posted on: September 21, 2022
Generation-skipping transfer tax When it comes to federal taxes, most people are very aware of the federal income tax because, if they earn a paycheck, they cannot help but notice the deductions each pay period. But there are lesser-known taxes such as the capital gains tax (a form of income tax), the estate tax, the […]
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Posted on: September 15, 2022
Handling S Corporation Interests in Estate Planning: Electing Small Business Trusts and Qualified Subchapter S Trusts One of the many challenges of owning a small business is determining the appropriate tax classification of the company. When an individual owns a business entity classified either entirely or partially as an S corporation, it is essential to […]
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Posted on: September 7, 2022
Think Your Estate Plan is Complete? Make Sure You’re Not Missing These Important Points to plan for the unexpected As a parent with minor children, you have no time to plan for the unexpected; you’re always rushing from home to school to work to errands to extracurriculars, etc. You do all of this to provide […]
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Posted on: September 1, 2022
You have searched for and found the love of your life, maybe your first love, or maybe after a previous marriage. As you have built your life together, you have probably weathered your fair share of storms and grown stronger because of them. To prepare for the future and the possibility of no longer being […]
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Posted on: August 30, 2022
on not funding your in-law's post-divorce lifestyle About 40 to 50 percent of all marriages in the United States end in divorce. Regardless of how you feel about your child’s spouse, you must face the possibility that they could become your child’s ex-spouse. Should that day come, the money you leave to your child could […]
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Posted on: August 25, 2022
staying on track Operating your business without a business plan is like going to the grocery store hungry and without a list. You end up with a lot more than you need—a lot more than you even want—in your cart. And you've likely upset your budget for the week. A few such carefree adventures and […]
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Posted on: July 26, 2022
What to include in your business service agreements with vendors Small businesses account for nearly half of the economic activity in the United States. To successfully compete with bigger competitors, small businesses are increasingly outsourcing to improve their efficiency and lower costs. Outsourcing allows companies to expand their competencies in critical areas without taking on […]
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Posted on: July 22, 2022
financial exploitation risks can cause family rifts As parents age and their physical and mental capacities diminish, it is natural for their adult children recognizing the parents’ decreasing ability to care for themselves, to step in and help them. Often, a specific child will take over most responsibilities, such as taking the parent to doctor’s […]
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