Advisory Articles
September/October 2020 Market and Economy Update
Posted by David Schlein on October 05, 2020
In this September/October video, Martin provides an update and recounts the top events that have affected the market and economy in the last several weeks.
Monitor Overtime Pay for Your Remote Workers: DOL Guidance
Posted by Kathleen Strobele on September 22, 2020
Employers already know they must pay non-exempt employees for every hour they work, however, when those employees work from home it's harder to keep track of those hours. The Department of Labor has just issued a “field assistance bulletin” to remind employers of what's required.
FAQs on Employee Cafeteria Plans
Posted by Timothy Bubar on September 08, 2020
In this difficult environment, companies may consider cutting certain employee fringe benefits. Before you do so, you might want to think about offering a cafeteria plan that allows participants to choose only the benefits they need.
Is Your Company in Compliance with Federal Anti-Discrimination Laws?
Posted by Stephanie Wilkinson on September 02, 2020
As the COVID-19 pandemic continues, the Equal Opportunity Employment Commission (EEOC) is reminding employers that they're still prohibited from engaging in discriminatory practices covered by federal legislation.
August 2020 Market and Economy Update
Posted by David Schlein on August 28, 2020
This August video provides an update and recounts the top events that have affected the market and economy in the last several weeks.
Beware: Retirement Plan Loan Defaults Can Be Costly
Posted by on August 24, 2020
The COVID-19 pandemic has resulted in many people borrowing from their companies' qualified retirement plans. If economic fallout from the pandemic causes you to default on one of these loans, it will cause negative tax and retirement-saving consequences.
A SLAT Can Reduce Risk If You’re Giving Away Substantial Wealth
Posted by Cheryl A. Jankowski on August 10, 2020
Today's increased gift and estate tax exemptions enable wealthy families to give away substantial wealth gift-tax-free, but they must act before the exemption amounts revert in 2026 to previous levels.
How to Avoid Penalties on Early Retirement Account Withdrawals
Posted by D’Marie Murray on August 10, 2020
The COVID-19 pandemic has resulted in many people borrowing from their companies' qualified retirement plans. If economic fallout from the pandemic causes you to default on one of these loans, it will cause negative tax and retirement-saving consequences.
Who Will Run Your Business After You?
Posted by Timothy Bubar on July 16, 2020
There's nothing like a deadly global pandemic to remind us of our mortality. It's never too soon to begin thinking about what you would like to see happen to your business once you retire or are no longer able to run the company you built. The sooner you begin to plan, the greater the chances you'll reach your goal.
Collect Art? Make Sure Your Estate Plan Addresses It
Posted by Robert Ingrasci on July 16, 2020
For art collectors, it's critical that their estate plans address their collections separately from other types of assets. That's because there are special appraisal and documentation rules for art. Collectors also need to decide whether they want to sell, bequest or donate their collection. Donating can be an effective way to reduce capital gains and estate taxes.