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Life Insurance Still Plays An Important Role In Estate Planning

Because the federal gift and estate tax exemption amount currently is $12.06 million, fewer people need life insurance to provide their families with the liquidity to pay estate taxes. But

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Consider A Quality Of Earnings (QOE) Report Before Making A Deal

Whether you’re considering selling your business or acquiring another one, due diligence is a must. In many mergers and acquisitions (M&A), prospective buyers obtain a quality of earnings (QOE) report

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The Fair Labor Standards Act (FLSA) Asks Your Non-Profit To Accurately Classify Staffers

Are your non-profit’s staffers employees or independent contractors? It’s an important question because under the FLSA, misclassifying workers can lead to penalties and other costs. If you haven’t reviewed your

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Tax & Other Financial Consequences Of Tax-Free Bonds

If you’re interested in investing in tax-free municipal bonds, you may wonder if they’re really free of taxes. While the investment generally provides tax-free interest on the federal (and possibly

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Mahomes, Kelce, & the Magic of Workplace Friendships

By: Sara Choate, SPHR, SHRM-SCP In case you missed it, the October 10, 2022 edition of Monday Night Football (MNF) did not disappoint. Apart from one really bad call (that

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Preventing ‘Privileged User’ Fraud & Abuse

In most companies, employees need a user identity to access work-related hardware and software. Privileges to use certain applications or open certain files usually are provided to workers based on

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What Local Transportation Costs Can Your Business Deduct?

You and your small business are likely to incur a variety of local transportation costs each year. There are various tax implications for these expenses. First, what is ‘local transportation?’

401(K)s & Mergers & Acquisitions: Requesting A Determination Letter

When one business is sold to another, the buyer often asks for a determination letter to help assure the seller’s 401(k) plan is qualified. The seller must then request such

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Diligence Is Critical: A Warning About Conflicts Of Interest

Securities & Exchange Commission (SEC) Chair Gary Gensler spoke during a recent webcast to commemorate the 20-year anniversary of the Sarbanes-Oxley Act. Gensler recommended that the SEC take a “fresh

Trust In A Trust To Keep Assets Secure

Whether the economic climate is stable or volatile, one thing never changes: the need to protect your assets from risk. Hazards may occur as a result of factors entirely outside