Timely Opportunities
Timely Opportunities
Timely Opportunities
Beware Of Scams This Tax Time
In a sign of just how bad scams have gotten, the Assistant Treasurer and Minister for Financial Services, Stephen Jones, has issued a warning for Australians to beware of scams that are circulating in the lead up to tax time 2023. According to the government, the number of scam reports received to date for the […]
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Family Medical Leave Can Come in Bits and Pieces
The Family and Medical Leave Act (FMLA) is a federal law that authorizes employees to take an unpaid leave of up to 12 weeks if certain conditions are met. What many employers and employees may not know is that this leave doesn’t have to be taken all at once. It can occur under a reduced […]
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Is Holding Real Property in a Corporation a Good Idea or a Bad Idea?
Real estate can be an attractive long-term business investment. For tax reasons, you’re generally well-advised not to hold real property in a corporation. Here’s why limited liability companies (LLCs) and revocable trusts are usually better alternatives. Double Taxation: How It Works To illustrate the effects of double corporate taxation, suppose your solely owned C corporation […]
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Best Practices in Employee Performance Reviews
It’s time for calendar-year entities to engage in midyear employee performance reviews. Love them or hate them, performance reviews can help employers improve employee productivity and boost morale. But they’re often rushed or underappreciated. Here’s how you can get more from this administrative chore. Mixed Reviews A recent Gallup poll found that only one in […]
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How to Reap the Tax Perks of Business-Owned Life Insurance
Many businesses maintain life insurance policies on their owners or employees for estate planning, buyouts and various other business purposes. To receive the maximum tax benefits from business-owned life insurance, though, you need to understand the IRS rules and requirements. Basic Rules Business-owned life insurance generally refers to a life insurance policy that 1) is […]
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Think Outside the Box to Find Qualified Workers
The COVID pandemic significantly disrupted the labor force. In 2021, more than 47 million U.S. workers quit their jobs, according to the U.S. Department of Labor. Many people who quit in search of better work-life balance, enhanced flexibility and increased pay were rehired elsewhere. In fact, the U.S. Chamber of Commerce noted, as of March […]
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Top 10 Tax Breaks for Military Service Members
Active-duty service members, veterans and their families deserve our gratitude for their sacrifices for our country. One small “thank you” from the government comes in the form of tax breaks to service members serving here and abroad. Here are 10 breaks for military families to consider. New Law Approves Military Spouse Credit The SECURE 2.0 […]
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Address Digital Assets in Your Estate Plan
Today, almost everyone owns some sort of digital asset — and some of these assets can be quite valuable. But if your estate plan doesn’t account for digital assets properly, your heirs may not be able to access them. So, factoring these intangibles into your estate plan is essential. What the States Say Most states […]
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