Posts
At the end of every year, most businesses go through the process of filling out a Form W-2 for each employee, which can make for a very stressful time. The pressure of knowing that even the smallest of mistakes can result in costly consequences can make business owners uneasy. However, by implementing a system of […]
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Your Social Security break-even age is when you come out ahead by delaying benefits. It depends on things like how inflation might affect the purchasing power of your benefits. If you begin taking benefits at age 62, you’ll receive a reduced amount, but you’ll get more checks over your lifetime. If you delay benefits past […]
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A compensation plan is designed to attract and retain employees. Build your compensation plan to ensure pay equity while balancing the needs of your small business and delivering value to customers. Pay competitively relative to companies similar to yours in size and industry in your region. Compensation can tie in directly to regional compensation data, […]
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Unable or unwilling to work with the IRS yourself? No problem! There are multiple ways to authorize someone to work on your behalf. The IRS has established four basic levels for third-party help: Are these authorizations permanent? If you’re anxious about giving certain rights to others, don’t be — you can revoke any of the […]
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There are many different types of life insurance options. Not every option makes sense for every situation, so it’s important to ensure your life insurance plan makes sense for your overall estate plan. Whole life insurance As long as you continue to pay your bill, whole life insurance pays your benefit no matter when you […]
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If you adopted someone or started the adoption process in the year 2023, take a moment to locate your adoption papers. This is because you might qualify for an Adoption Tax Credit, which can be applied to international, domestic, private, and public foster care adoption. The average cost of private agency adoption can be anywhere […]
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