Trusts Versus Wills: What’s Right for You?

If your estate is small and your wishes are straightforward, a will may be all you need. However, if your situation is more complicated, or if you desire greater control, privacy or protection, you may choose to utilize both a will and a trust.

Mentoring: Passing Down Skills

Mentors help mentees feel valued and supported, boosting their confidence and personal growth. By sharing your skills and knowledge, you help prepare the next generations of leaders while enriching your own life and retirement.

Hiring Rules for US Employers

In the hiring process, you must ensure that every individual you plan to employ is authorized to accept employment in the U.S. Some individuals are automatically authorized to work based on their immigration status, while others must apply for separate employment authorization.

Why Dead Investors Outperform the Living

Dead investors don’t read The Wall Street Journal, sell during panics or jump on the bandwagon during manias. They don’t pester their brokers or boast about their portfolio winners. “Fear of missing out”

Tax Implications of Home Improvements

For any renovation or repair to qualify for a tax deduction, the work must qualify under IRS rules as a home (or capital) improvement. Examples of projects that may qualify include new additions, new roofs, whole room renovations, new siding, new heating or air conditioning systems and certain interior renovations such as new floors.

Avoiding Cash Flow Pitfalls in Growth-Stage Companies

Thinking about renting out your vacation home to earn some extra income? It’s a smart move—but the IRS has some rules that could trip you up. How much you use the home personally, who you rent it to, and how many days it’s on the market all impact what you can (and can’t) deduct. For example, too much personal use or discounted rent to friends and family could limit your tax benefits.

Navigating the fine print now can help you avoid surprises later. A little planning goes a long way in keeping more of what you earn—and staying on the IRS’s good side.

Is Your Nonprofit’s Accounting System Holding You Back?

Thinking about renting out your vacation home to earn some extra income? It’s a smart move—but the IRS has some rules that could trip you up. How much you use the home personally, who you rent it to, and how many days it’s on the market all impact what you can (and can’t) deduct. For example, too much personal use or discounted rent to friends and family could limit your tax benefits.

Navigating the fine print now can help you avoid surprises later. A little planning goes a long way in keeping more of what you earn—and staying on the IRS’s good side.

Choosing the Right Business Structure

The kind of business you’re running, how much risk you’re comfortable with, and whether you expect to bring in outside investors. While you can change your structure later, making the right choice at the beginning can save you time, money, and stress.

Navigating Tax Issues With Vacation Property Rentals

Thinking about renting out your vacation home to earn some extra income? It’s a smart move—but the IRS has some rules that could trip you up. How much you use the home personally, who you rent it to, and how many days it’s on the market all impact what you can (and can’t) deduct. For example, too much personal use or discounted rent to friends and family could limit your tax benefits.

Navigating the fine print now can help you avoid surprises later. A little planning goes a long way in keeping more of what you earn—and staying on the IRS’s good side.

Is a Roth IRA Conversion Right for You?

Did you know that you can move assets from a traditional to a Roth IRA? Roth IRA conversions help secure tax-free retirement income and create a legacy for your heirs.

Read on to learn the key timing factors and tax implications as well as the limitations to this strategy.