04.09.24

Are Your Employee Benefit Plans in Compliance?
Heather Sinclair-Smelley

This blog is a general overview of the requirements of employee benefit plans.  What are employee benefits? An employee benefit is any perk or additional benefit provided to employees in addition to their base salaries. This could include retirement benefits, health benefits, life insurance, paid time off and more. The benefit may be mandatory or […]

04.02.24

It is Time to Get Serious About Digital Marketing
Jeffrey Hild

For many law firms, digital marketing still remains an afterthought. However, simply having a stagnant website, an occasional blog and limited social media presence will not cut it, regardless of your firm’s size or specialty. The competition for legal services is simply too fierce. If your firm is looking to develop or revamp its digital […]

03.28.24

Shield Life Insurance Proceeds from Estate Tax with an Irrevocable Life Insurance Trust (ILIT)
Eileen Cozzi

Life insurance can provide peace of mind, but if your estate will be large enough that estate taxes will be a concern, it is important to not own the policy at death. The policy’s proceeds will be included in your taxable estate and may be subject to estate tax. To avoid this result, a common […]

03.14.24

A World-Class Workforce
Kevin Omahen

A world-class workforce What keeps employees happy? Is it money, work-life balance or advancement opportunities? Perhaps some mix of all three? It is important to understand what interests your employees and that it is not a one-size-fits-all scenario. For some employees, there is a clear number one reason that they stay: money. However, for others, […]

03.12.24

Work Opportunity Tax Credit: When Hiring Skilled Labor Is a Win-Win for Employers and Employees
Adam J. Pechin

Like many businesses today, manufacturers are in need of skilled workers. The Work Opportunity Tax Credit (WOTC) can provide some tax relief when you hire employees from “targeted” disadvantaged groups. Calculating the credit The amount of the credit depends on the relevant targeted group and wages paid to the new hire. For example, hiring qualified […]

03.07.24

What Do You Know about Form 990? Board Review Can Benefit Not-For-Profit Governance
Jeffrey Chiles

Most board members know — or should know — that the not-for-profit organization they serve files an annual Form 990 information return with the IRS. However, not every board member knows that they can, and should, review the form before it is submitted. Read on to learn why such board reviews are important and how […]

02.08.24

Pass-Through Entity Taxes Can Pay Off For Real Estate Firms
Justin L. Sylvan

The Tax Cuts and Jobs Act of 2017’s (TCJA’s) limit on the federal income tax deduction for state and local taxes (SALT) has proven costly for many owners of real estate businesses. However, more than 30 states1 have now enacted a workaround for pass-through entities (PTEs) that could provide some welcomed tax relief. The Impact […]

02.06.24

Fast-Food Restaurants: Are You Making the Most of Your Drive-Through?
Brian R. Israel

During the COVID-19 pandemic, drive-through sales exploded at many restaurants. This should come as no surprise to anyone. After all, avoiding human contact had become a health necessity. What may be more surprising is that in the wake of the pandemic, customers continue to be drawn to the drive-through window. According to a recent report […]

01.25.24

No Emergency Fund? What Are You Waiting For?
Azuwa Omietimi

Even if you and your family weathered the crises of the past couple years, you probably know people who have not fared as well. Health problems, business shutdowns, lost jobs and inflation have all exerted extreme financial pressure on Americans, but an emergency savings fund has kept some people afloat. A stash of cash can […]

01.04.24

Tax Considerations for Office Leases
Joshua Goldschmidt

With the changing work environment in recent years, many businesses are reconsidering their office spaces and current leases. This could include renegotiating leases, reducing or increasing space, or leasing a new space. While there are many things to consider before signing or modifying a lease for office space, one of the areas that should not […]