Blog Archives

The Major Tax Changes: An Overview

12/21/2017

The new tax law has dominated political discussion for months and will likely continue to do so well into 2018. Consequences, both intended and otherwise, are still unclear. But for now, these are the big changes for both individuals and companies. In general, the changes to individual provisions expire at the end of 2025, but the corporate changes are permanent.

Social Security and Pensions: Post-Divorce Divisions

12/20/2017

Divorce often becomes very expensive once the years of wedded bliss are ended. When married couples split up, their marital assets are fair game to be split as well. For the past 40 years, pension benefits have been protected by the Employee Retirement Security Act of 1974 — ERISA, a complex set of regulations that deal with workplace retirement plans. Then, in 1984, the Retirement Equity Act put spousal protections into place.

How Do You Handle Sales Tax?

12/20/2017

Collecting and remitting sales tax can be a daunting proposition, and when sales cross state lines, the task can become even more complicated. Here's how to get started on the right foot with a few simple steps.

Adult Children and Filial Responsibility Laws

12/20/2017

What happens if Medicare isn't yet applicable and the parents can't pay for their own care? If a patient can't pay for care received in such a situation, filial responsibility laws can require the patient's child or children to pay. However, they do take into account an adult child's ability to pay. But before you get caught up in a maze of local laws, get the basics.

Are New Sick Leave Rules Coming to Your Area?

12/20/2017

Some municipalities are taking another look at sick-leave policies and paid time off, and are requiring employers to be more generous with such benefits than what has been historically offered. This is what Chicago and Cook County are doing — and this just might be the beginning of a trend.

Tips to Improve Company Morale

12/6/2017

Company morale can build or break a firm's success. Here are some tactics to think about adopting for your business:

6 Retirement Mistakes to Avoid

12/6/2017

Sadly, a large percentage of people — most notably, the baby-boom generation (1946-1964) — have made some monumental retirement mistakes. If they had come to us earlier, seeking retirement advice, we could have helped them avoid many classic retirement blunders.
Here are six of them:

Bracket Changes and More From the IRS

12/6/2017

You haven't even filed your 2017 taxes yet, but the IRS has already announced changes that will affect your 2018 taxes, which you'll be filing in 2019. The changes were announced in Revenue Procedure 2017-58, which runs 28 pages, but below are some key points. How do these changes impact you? Give us a call, and we'll explain how they change your tax situation. Of course, if any meaningful tax reform is passed, anything can be changed. We'll keep you posted on any developments that affect you.

What Does It Mean to Be a Fiduciary?

12/6/2017

Long-debated rules were supposed to go into effect to require your financial advisor to act in your best interests when advising you on your 401(k) and individual retirement account. However, the current administration has delayed the rules' implementation, and their future is uncertain. Meanwhile, however, every investor should know what certain changes could mean.

The Major Tax Changes: An Overview

Social Security and Pensions: Post-Divorce Divisions

How Do You Handle Sales Tax?

Adult Children and Filial Responsibility Laws

Are New Sick Leave Rules Coming to Your Area?

Tips to Improve Company Morale

6 Retirement Mistakes to Avoid

Bracket Changes and More From the IRS

What Does It Mean to Be a Fiduciary?

Newsletter articles are posted every 2 weeks.

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Newsletter articles are posted every 2 weeks. ​

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Newsletter articles are posted every 2 weeks.