News & Updates

ERISA: Your Retirement Rights

3/24/2021

The Employee Retirement Income Security Act of 1974 — better known as ERISA — is, according to the Department of Labor, "a federal law that sets minimum standards for most voluntarily established retirement and health plans in private industry to provide protection for individuals in these plans." These typically include traditional pension plans, 401(k) plans, deferred-compensation plans and profit-sharing plans.

Selling Your Home: The Tax Angle

3/24/2021

The buying and selling of homes are the largest financial transactions you may make, and as with most financial transactions, there's a tax angle. If you know what your tax implications are as you go into the deal, you're better able to plan and avoid unpleasant surprises.

Cash Balance Plans: Defined-Benefit with a Twist

3/24/2021

Both individuals and the companies they work for continue to explore new ways to address the finances of retirement. One option is the cash balance plan. It works like a pension plan in that workers can get a lifetime annuity. However, unlike a pension plan, a cash balance plan creates an individual account for each covered employee, complete with a specified lump sum. And it offers potential savings for employers.

What's in the New 2021 Stimulus Bill?

3/24/2021

Leave-Sharing Programs: What You Need To Know

3/10/2021

Leave-sharing programs allow employees with unused leave to donate or share their time off with employees who have exhausted their own accrued leave.

The Whys and Hows of Medicaid Trusts

3/10/2021

A Medicaid asset protection trust allows a person to qualify for long-term care benefits from Medicaid while protecting assets from being depleted if long-term care is needed.

Pandemic Fatigue: Tangible Ways to Support Your Workforce

3/10/2021

Pandemic fatigue. Employee burnout. Whatever you call it, it is the culmination of a tough year that spared no one. At the start, everything was up in the air and no one knew how things would settle. As time went on, a new normal — which was anything but normal — emerged.

Foreign Earned Income: The Tax Situation

3/10/2021

If you live overseas, you will likely find yourself in a special tax situation and may need to file Form 2555, Foreign Earned Income. You may be eligible for an exclusion that allows you to exclude a certain amount of income from taxation ($107,600 in 2020 and $108,700 in 2021).

New: Special PPP Loan Provisions for Small Businesses

2/24/2021

Starting on Feb. 24, 2021, the SBA is establishing 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 statement, this will give lenders and community partners more time to work with the smallest businesses to submit their applications.

The 6 Essential Payroll Tax Forms

2/24/2021

If you run a business, you need to know about the following forms.

<<Previous

ERISA: Your Retirement Rights

Selling Your Home: The Tax Angle

Cash Balance Plans: Defined-Benefit with a Twist

What's in the New 2021 Stimulus Bill?

Leave-Sharing Programs: What You Need To Know

The Whys and Hows of Medicaid Trusts

Pandemic Fatigue: Tangible Ways to Support Your Workforce

Foreign Earned Income: The Tax Situation

New: Special PPP Loan Provisions for Small Businesses

The 6 Essential Payroll Tax Forms

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Newsletter articles are posted every 2 weeks.