Owning assets jointly with one or more of your children or other heirs is a common estate planning ‘shortcut.’ But like many shortcuts, it may produce unintended and costly consequences.
A health care plan with fewer than 50 participants that is administered by a sponsoring employer may have fewer compliance hassles. That is because it is excluded from the definition
Internal controls are a system of policies and procedures organizations put in place to protect assets and improve operating efficiency. Effective internal controls are critical to accurate financial reporting. A
If you are a business owner and you hire your children this summer, you can obtain tax breaks and other nontax benefits. Your kids can gain on-the-job experience, spend time
High-income taxpayers face a 3.8 percent net investment income tax (NIIT) that is imposed in addition to regular income tax. Fortunately, there are some steps you may be able to
Fraud perpetrators take whatever they can get their hands on. But they generally prefer cash because it is virtually untraceable. Fortunately, fraud experts have the expertise and tools to trace
COVID-19 was a kind of disaster most non-profits were not prepared for. As your organization recovers from this unusual event, do not let it become vulnerable to other, more common,
For many business owners, putting together a succession plan may seem like an overwhelming task. It might even seem unnecessary for those who are relatively young and have no intention
Traditionally, estate planning has focused on more technical objectives, such as reducing gift and estate taxes and protecting assets against creditors’ claims or lawsuits. These goals are still important, but
Vaccines for COVID-19 have been available for months now. Currently, about half of adults in the United States are fully vaccinated and many more than that have had at least
