The ADA: How Does It Affect Your Business?

The Americans with Disabilities Act is a federal civil rights law that applies to people with disabilities, and it protects them from discrimination. The Equal Employment Opportunity Commission, a federal government agency, enforces the sections of the ADA that prohibit employment discrimination. The employment provisions of the ADA apply to businesses that have 15 or […]

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Taking Over the Finances of an Elderly Person

Have you witnessed your mom, dad or grandparents having trouble managing money on a day-to-day basis? Are you worried that they may become vulnerable to scams or identity theft? What would happen if you had to suddenly take over management of your parent’s finances—paying bills and managing their money? There’s not only the day-to-day management […]

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How You Can Use a Deferred Annuity

A deferred annuity is a contract between you and a life insurance company. Funds are exchanged for a promise to provide a competitive rate of interest with a minimum interest rate guarantee while guaranteeing the principal investment as well. The benefit payments don’t start until perhaps 10 or 20 years down the road. The longer […]

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Which Employees Are Exempt From Tax Withholding?

Tax withholding is a seemingly inevitable part of working, but there are exceptions, as shown by the following information about employees exempt from withholding. Student employees Generally, individuals employed by a school, college or university where they are also pursuing a course of study do not have to pay Social Security and Medicare taxes on […]

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5 Things to Consider About Changing Payday

You may have a good reason to change your payday, but before you make your move, be sure to take into account various rules and implications. 1. Fair Labor Standards Act The FLSA requires prompt payment of wages but does not specifically address pay frequency or payday changes. However, a 2nd U.S. Circuit Court of […]

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Simple Steps to Obtaining a Financial Planner

Ever wonder how a financial planner is different from a stockbroker? Stockbrokers are also seen as market mavens who trade stocks. Planners aren’t accountants, either (although some accountants do work as financial planners) — they aren’t called upon just to lower your tax bill and they aren’t insurance agents who try to sell you complicated […]

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Starting a New Business or Organization? Entity Selection is Crucial

During National Entrepreneurship Month, we celebrate those who have courageously stepped out to start their own business ventures. When starting a new business, there are a number of entity choices to select from. Some can easily be ruled out due to the details of your operation, but others will leave you wondering which is right […]

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U.S. Treasury to Retire the myRA Program

According to the U.S. Department of the Treasury, the My Retirement Account (myRA) program will end. Created just a few years ago in 2014, the Treasury has decided this short-lived Roth IRA backed by the government is not cost-effective, and will be eliminated as a part of the Trump Administration’s effort to slim down wasteful […]

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Payroll Summed Up

Payroll processing is a cumbersome but necessary part of operating your business. It includes many tasks such as issuing checks every pay period, comprehensive recordkeeping, making payroll tax deposits, and filing quarterly and annual returns. There are many simple – and tricky! – filing mistakes that can be costly and contribute to the endless details […]

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