Don't let poor communication among your workers and managers get worse. It can lead to a serious decline in your firm's health. But there are ways to perk up communication. Here are some smart tips for improvement:
Those pictures you see from Hurricanes Harvey and Irma – ordinary people out there in waist-high water, rescuing both their neighbors and strangers, coming from other states and other counties – demonstrate yet again not only the resilience of Americans but our decency in reaching out to others without a thought to personal safety.
It also makes us all think: What would I do if such a natural disaster were to strike my home or business? What follows are the resources available, especially if you are in Texas or Florida. Even if you're not in this area, you may have friends and family who are, so be sure to share this with them.
An executor of a will carries out the last wishes of someone close who has died. The executor ensures that the rules that govern the administration of a probate estate are followed.
Here are three key tasks of the executor job:
For 2018, individuals can contribute up to $3,450, up from $3,400 in 2017, while family contributions are up to $6,900, up from $6,750 in 2017.
The maximum out-of-pocket figures are up too: $6,650 for single coverage, up from $6,550 in 2017, and $13,300 for family coverage, up from $13,100 in 2017.
What happens after your death? A last will and testament comes in handy to document the name of the person (executor) who carries out your wishes after you die. If you don't own a lot of property, a simple will is likely all you'll need.
An irrevocable life insurance trust gives you more control over your insurance policies and the money that's paid from them. It also lets you reduce or even eliminate estate taxes so as much of your estate as possible can go to your loved ones.
What's in a word? A world of tax consequences when the word is "business" or "hobby."
In a nutshell: If you and the IRS determine that an activity is a business, you'll owe taxes on profits and will be allowed to deduct expenses for conducting that business. But if your passion for, say, making quilts is a "hobby," you cannot deduct the fabric, thread, needles and labor needed to make the bedclothes.
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