Companies are expanding their use of unpaid internships by offering the opportunities to non-traditional individuals. While the classic profile of an intern is a college student participating in an unpaid internship as part of the curriculum of a course or to fulfill degree requirements, employers are being deluged with requests from individuals who have long […]
The Death and Disability Expense Funnel illustrates potential outflows and erosion of wealth due to taxes, fees and court costs. Your assets, which include the residence, commercial real estate, bank accounts, life insurance, investment accounts, business interests, retirement plans (i.e., IRAs, Roth IRAs, 401(k)s, Roth 401k(s), 403(b), etc.), and personal property, etc. – may be […]
Proposed Federal Rules Will Increase Misclassification Risks for Many Businesses The United States Department of Labor (DOL) has proposed new rules for determining whether a worker is an independent contractor or an employee. The new framework places increased scrutiny on business, making it much more difficult to lawfully classify workers as independent contractors. If the […]
Taking advantage of warm winter weather is not the only attraction for retirees moving to better climates; some states such as Florida, Arizona or Tennessee can offer significant financial benefits to those establishing a new residency. Favorable Tax Climates in Florida, Arizona, Tennessee Notably, Florida and Tennessee residents do not have to pay state taxes […]
MBBI Trends in M&A Podcast Monthly conversations with innovative leaders and deal makers in mergers and acquisitions. Episode 13 • 1st August 2022 • MBBI Trends in M&A • MBBI Midwest Business Brokers and Intermediaries with Special Guest Keith Zerman, Kelleher + Holland. Listen at the MBBI Podcast Page
On September 29, 2022, the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) issued a rule requiring most corporations, limited liability companies, and other entities created in or registered to do business in the United States to report personal identifying information about their company owners to FinCEN. Companies in existence before January 1, 2024 will […]
Older Americans are one of the fastest-growing demographics in the country. Our senior population represents more than 1 in every 8 Americans, and a person turning 65 has a 70% chance of needing some type of long-term care (“LTC”) services in their remaining years, according to the Administration for Community Living. Because people are living […]
Florida is known for being a destination for retirees to seek out warmer weather and a relaxed lifestyle. Contrary to historical trends, Florida is beginning to see a significant influx of younger individuals, families and businesses making the move due to the state’s tax benefits and remote work options. Recent changes to Florida’s uniform trust […]
Spring has finally arrived (even if we are still waiting for those warm, sunny days)! And spring means Mother’s Day and Father’s Day are right around the corner. What Does Your Family Look Like? Maybe you’re a parent, or maybe you’re not. Even if you don’t have children of your own, are there are other […]
Has Someone Named You as Their Power of Attorney? If someone (called the “principal”) has named you as agent under his or her Durable Power of Attorney (“DPOA”), and you have agreed to act for that person, you should understand your responsibilities and duties to the principal. You are a “fiduciary”, and as a fiduciary, […]
