Internal Revenue Code Section 6166 is providing some relief for estates of family business owners. You may defer estate taxes and pay them in installments if certain requirements are met. Click here to learn more.
You may have Series EE savings bonds that were bought many years ago. You may wonder how the interest you earn on EE bonds is taxed. If they reach final maturity, you may need to take action to ensure there’s no loss of interest or unanticipated tax consequences.
Extending credit to business customers can be an effective way to build goodwill and nurture long-term buyers. However, if you extend customer credit, it also brings sizable financial risk to your business. Click here to learn more.
A primary estate planning goal for most people is to hold on to as much of their wealth as possible to pass on to their children and other loved ones. The hybrid DAPT can add flexibility while offering maximum asset protection. To learn more, click here.
Borrowing isn’t just for businesses. Many not-for-profits borrow money for major capital purchases, new program funding and even to manage current cash flow. It’s important to understand that there are likely to be obstacles ahead. Click here to learn more.
Everyone needs to plan for retirement. As a business owner, you face a distinctive challenge in that you must save for your golden years while also creating, updating and eventually executing a succession plan. You can put the puzzle pieces together by answering these fundamental questions.
When you receive a personal gift from a friend or family member, you accept the gift and thank the person. The same isn’t always true of gifts given to your not-for-profit. Gifts should be examined and, possibly, refused. Click here for more details.
One of the primary goals of estate planning is to put in writing how you want your wealth distributed to loved ones after your death. But what if you’d like to use that wealth to help a family member in need while you’re still alive?
Many companies now offer Health Reimbursement Arrangements (HRAs) in conjunction with high-deductible health plans (HDHPs). HRAs offer some advantages over the perhaps better-known HDHP companion account, the Health Savings Account (HSA). Click here to learn more!
Like most business owners, you’ve probably been urged by industry experts and professional advisors to identify the most important key performance indicators (KPIs) for your company. A natural question that often follows is: Now what? The right technology has you covered. Click here to learn more.
When it comes to reducing fraud loss and duration, active detection methods (such as surprise audits or data monitoring) are far more effective than passive methods (such as confessions or notification by police). Yet many companies fail to use active methods to their full potential.
After insurance policies expire, many businesses just throw away the paper copies and delete the digital files. What happens if you need to produce evidence of certain kinds of insurance even after the coverage period has expired? For this reason, it’s best to take a long-term approach to certain types of policies.