Let’s say you beefed up your cybersecurity protections and protocols with your employees now working from home. Kudos to you for being ahead of the curve. This has helped preserve the confidentiality of your trade secrets. But it has also alerted you to the...
Month: April 2020
What is the difference between an Executor and a Trustee?
When it comes to having your estate planning documents prepared, you will need to make a lot of decisions on who you believe is best suited to serve in different roles. Two important roles that are often confused are Executor and Trustee. This blog helps you understand the different roles of each.
The Need for Income Averaging after COVID-19
Income averaging was a tax break that assisted people with large income deviations up until 1986. After the 1986 Tax Reform Act, income averaging was eliminated for everyone except fishermen and farmers. In the shadow of a wrecked economy and record unemployment caused by the COVID-19 pandemic, I encourage everyone to reach out to their Senators and Representatives and ask that income averaging be reinstated to assist those people and businesses suffering income losses for tax year 2020.
Business Owners: Consider How Best to Protect Your Confidential Information in a COVID-19 World
For those without well-established virtual business practices, the fallout from the COVID-19 disease has been a real wake up call. Most states have enacted state-wide lockdowns and are looking to slow or halt interstate travel altogether. With employees increasingly...