News
Our take on all things financial.
Enacting a Spendthrift Trust Can Be Beneficial to Your Loved Ones
Are you concerned that some of your beneficiaries might squander their inheritances or simply aren’t equipped to handle the financial responsibilities that come with large sums...
Employers: Don’t Forget About the New and Improved Pension Credit
At the very end of 2022, President Biden signed into law the Setting Every Community Up for Retirement Enhancement 2.0 Act (SECURE 2.0). Now that the year is well underway, small...
Have You Recently Reviewed Your Life Insurance Needs?
Once upon a time, life insurance played a much larger part in an estate plan than it does now. Why? Families would use life insurance payouts to pay estate taxes. But with the...
Supreme Court: Overtime Rules Still Apply to Highly Compensated Employees
You might assume a salaried employee making $200,000 annually isn't ineligible for overtime pay. However, the recent U.S. Supreme Court case of Helix Energy Solutions Group, Inc....
Money Awarded in Lawsuits Are Only Tax-Free in Certain Circumstances
You generally must pay federal tax on all income you receive but there are some exceptions when you can exclude it. For example, compensatory awards and judgments for “personal...
Turn That Fraud Dispute Into a Loyalty-Building Opportunity
If customers report fraud or suspicious charges on their accounts, you can turn that fraud dispute into a loyalty-building opportunity. Handle these disputes efficiently, because...
Buying a New Business Vehicle? A Heavy SUV is a Tax-Smart Choice
Buying or replacing a vehicle that you’ll use in your business? A heavy SUV may provide a more generous tax break this year than a smaller vehicle. This is due to smaller...
To File or Not to File a Gift Tax Return, That Is the Question
If you made gifts last year you may be wondering if you need to file a gift tax return. The short answer: There are many situations when it’s necessary (or desirable) to file...
Do You Run a Business From Home? You May Be Able To Deduct Home Office Expenses
You may be able to deduct business home office expenses if you run a business from home. Many people began working from home during the COVID-19 pandemic — and many still work...