General News

Think About Taxes Before You Tie the Knot

Summer Loving? Think About Taxes Before You Tie the Knot For many couples, summer is the quintessential time to tie the knot. The weather is warm, the flowers are blooming and nature offers plentiful backdrops for photos. But there’s more than the ceremony to consider when a couple merges their lives, including taxes and other…

Read More

Be Careful to Document Hardship Distributions and Plan Loans

Be Careful to Document Hardship Distributions and Plan Loans The IRS cautions plan administrators that they must document and keep necessary records of all employees’ hardship distributions and plan loans. The result of noncompliance could be a qualification failure for the plan. Hardship Distributions Basic information. In general, a retirement plan can make a hardship…

Read More

Structuring Business Assets Purchases with Taxes in Mind

How to Structure Business Assets Purchases with Taxes in Mind Taxes are a major consideration in mergers and acquisitions (M&As). The parties generally can structure a business purchase as either: An asset purchase. The buyer can purchase all or some of the assets of the business. A purchase of stock (or another ownership interest). The…

Read More

Employer Responsibility for Gig Workers Evolves with Safety Concerns

Employer Responsibility for Gig Workers Evolves with Safety Concerns If you pay for services from independent contractors, your legal obligations to those individuals are far more limited than those involving statutory employees. But the growing importance of so-called “gig” workers in today’s labor force is changing the legal landscape for some businesses. Evolving Marketplace The…

Read More

Batten Down Your Inclement Weather Policy Before the Next Storm

Batten Down Your Inclement Weather Policy Before the Next Storm It’s never a good idea to start creating personnel policies to cover emergency situations on the fly. Nor is that necessary if you’ve done contingency planning. You should already have in place a plan for work attendance and pay practices when a fierce storm or…

Read More

Scroll Up