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Welcome to Our Blog
Update your Living Will ASAP if you've had any of these life changes…
Have you experienced some life changes recently? If so, you might want to update your Living Will. For family members and caregivers, it is always helpful.
SOME TAX CONSIDERATIONS FOR PEOPLE WHO ARE SEPARATING OR DIVORCING
When separating or filing for divorce, there is more to it than meets the eye. Tax considerations also come into play and can influence how you file. With so many provisions, it's best to be informed.
What taxpayers need to know about business related travel deductions
Business travel can be costly. Hotel fees, plane or train tickets, cab fares, and public transportation can add up quickly. Having said that, did you know that business travelers may be able to deduct some of these expenses by claiming business travel deductions when filing their taxes?
HOW TO FILE A FINAL TAX RETURN FOR SOMEONE WHO HAS PASSED AWAY
When dealing with the loss of a loved one, one of the many requirements that you must be aware of is that the surviving spouse or representative must submit the deceased person's final tax return. The surviving spouse or representative will report the person's death on the final tax return. The IRS does not require any additional notification of the death.
NEW JERSEY CONSIDERING SWEEPING THE NON-COMPETE LEGISLATION
In early May 2022, the New Jersey Legislature introduced a comprehensive bill seeking to regulate and limit the use of non-compete agreements in a multitude of ways. Importantly, if enacted, Bill A3715 would require employers to provide 30 business days’ notice of the terms of the non-compete, either before commencement of employment or before the agreement is to become effective. They are now considering sweeping this law; see how this can affect YOU!
SOME TAX CONSIDERATIONFS FOR PEOPLE WHO ARE SEPARATING OR DIVORCING
Amongst some of the considerations to make when separating or divorcing are tax considerations.
10 TIPS TO DEVELOP CYBER SECURITY KNOWLEDGE WITHIN ORGANIZATIONS
With hybrid work arrangements on the rise, the concern for cyber security and related risk also continues to grow. For that reason, developing a robust cyber security within an organization is pivotal.
COLLEGE PREPARATION
Besides the normal preparations for your child to attend college, you should have your child execute a Power of Attorney, Health Care Proxy, and a HIPAA Release Form. When young adults go off to college and venture out into the real world for the first time on their own, they may continue to need the assistance you always provided to them growing up.
HERE'S WHAT BUSINESSES NEED TO KNOW ABOUT THE ENHANCED BUSINESS MEAL DEDUCTION
Did you know that in 2021 and 2022, only businesses can generally deduct the full cost of business-related food and beverages purchased from a restaurant? Otherwise, the standard limit is 50% of the meal's cost. Of course, there are the finer details that can be found in the blog! Click here…
ESTATE PLANNING FOR DIGITAL ASSETS – INTANGIBLE, BUT IMPORTANT:
As our society becomes more reliant on digital technologies, the world of estate planning faces new challenges. Many people today, whether they realize it or not, own substantial digital assets. Names, blogs, bitcoin, and non-fungible tokens (NFTs) are examples of digital assets that must be considered when creating an estate plan. If the proper authorizations are not in place, passwords, data encryption, criminal laws on "exceeding authorized access," and data privacy laws may prevent a decedent's family members from accessing their loved one's digital assets. It is more important than ever to have an up-to-date estate plan that complies with the law, expresses your intentions regarding all of your property, digital or not, and reduces emotional and financial burdens on loved ones after death. Digital property should not be overlooked.
10 TIPS TO DEVELOP CYBERSECURITY KNOWLEDGE WITHIN ORGANIZATIONS:
Cyber security is not a "one-and-done" task. The landscape is changing so quickly that keeping up requires almost constant attention. With the implementation of new laws, organizations must collaborate closely with employees to ensure adequate knowledge and transparency in the event of monitoring.
THESE ARE THE THREE LANDLORD INSURANCE POLICIES YOU MUST HAVE:
Landlord Insurence Policies you MUST have and should not do without? Read on!