Tax Updates

Residential real estate prices in many markets have surged over the last few years. As a homeowner, you may be sitting on a significant unrealized gain, especially if you’ve owned your principal residence for a while. That’s good news if you’re ready to sell, but will you owe taxes on the profit when you sell? Thankfully, the…

When it’s time to calculate damages, a skillful financial expert can discount future damages to present value, providing the ammunition businesses need to receive a just award.Here is an example focusing on how to ensure a reasonable discount rate. Let’s say a company fires an employee for stealing trade secrets. It goes to court to recover…

Today, most states offer programs that allow you to establish a tax-favored account to cover the qualified expenses of a family member with a disability. These programs were authorized under the Achieving a Better Life Experience (ABLE) Act of 2014, and Congress has subsequently passed legislation that sweetens the deal. Read on to learn how ABLE accounts…

Even the most efficiently run business occasionally encounters some delinquent customers. Your company probably has its own accounts receivable process, of which the final step might be turning over a drastically past-due account to a collection agency.Because some states don’t regulate collection agencies very closely, some of these businesses can engage in unethical activities that could…

There are many reasons that employees stick with an organization long-term. They need to enjoy the work (or at least aspects of it); the pay and benefits must be right; and, yes, they’ve got to get along with their bosses. Many business owners underestimate that last point.Building good relationships between staff members and their supervisors can…