DOL Releases New Guidance On Employee Leaves

The pandemic has affected both employers and employees, and everyone is trying to figure out how to work under new situations and new rules. The Fair Labor Standards Act, the Family and Medical Leave Act and the Families First Coronavirus…

10 Best Practices for Managing Remote Employees

Many businesses have found themselves operating very differently from the way they did in the past. On-site operations pivoted to virtual, which changed everything. The pace of change was so fast, it has been said the use of technology advanced…

When Smart Money Acts Dumb: Lessons From FTX

When the FTX exchange collapsed and filed for bankruptcy in November 2022, reverberations rippled across the cryptocurrency universe. Investors across the board lost millions, from venture capitalists, hedge funds and large asset managers (known as “whales”) to tiny accounts of…

New: Special PPP Loan Provisions for Small Businesses

Starting on Feb. 24, 2021, the SBA is establishing a 14-day, exclusive PPP loan application period for businesses and nonprofits with fewer than 20 employees. This is according to guidance on the SBA and White House sites. According to the…

How to Fund Marital Gift and Credit Shelter Trusts

Baby boomers are inheriting their parents’ wealth, and their children are receiving funds transferred through a variety of trusts established under their parents’ estates. You may find yourself responsible for managing the wealth transfer process. In the past, banks and…

The Basics of FATCA and Form 8938

The Foreign Account Tax Compliance Act (FATCA) generally requires that foreign financial institutions and certain other non-financial foreign entities report on the foreign assets held by their U.S. account holders or be subject to withholding on relevant payments. Taxpayers must…

 What Is A Power Of Attorney?

What Is A Power Of Attorney?

Estate Planning Attorney A power of attorney is a powerful document. It is used to appoint someone else to make financial decisions for us. That person is called your agent or attorney-in-fact. With a general financial power of attorney, your…

How To Pick The Best Place To Retire

Do you dream of getting out of your area once the kids have moved out and you don’t need to commute? When you’re retired, you have fewer obligations, meaning you can move to any location you can afford. Maybe what…

Key Social Security Changes For The New Year 

According to the Social Security Administration, approximately 70 million Americans will see an 8.7% increase in their Social Security benefits and Supplemental Security Income (SSI) payments in 2023. On average, according to the SSA, Social Security benefits will increase by…

At Tax Time, Don’t Forget The States! 

Most states have a state income tax in addition to the federal income tax, and in some cases, certain localities have their own income taxes on top of those. Now is a good time to check to make sure you’re…