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  1. Personal Use of Corporate Jets: Flying Below the IRS’s Radar

    The IRS recently announced plans to curb personal use of business aircraft. Business aircraft are often used for both business and personal reasons by officers, executives, employees and owners (and their families). In general, businesses can deduct the expenses of maintaining a corporate jet if it's used for a business purpose. Here's an overview of the IRS rules and how to allocate expenses.
  2. Planning for Taxable Gains and Losses

    You can earn profits or incur losses when you sell assets, such as investments, real estate, intangibles and other holdings. Under the federal income tax rules, there's usually a clear distinction between capital gains and losses and ordinary gains and losses. But the line can sometimes become blurry. Here's an overview of the current rules and how they may affect you.
  3. Do You Qualify for the 0% Tax Rate for Capital Gains and Dividends?

    Under current tax law, many people pay no federal income tax on net long-term capital gains and qualified dividends earned in their taxable accounts. Here's an overview of the income levels that qualify for the 0% rate, along with tax-smart moves that could allow higher-income taxpayers to pass on wealth to younger generations, while capitalizing on this favorable tax rate.
  4. Elder Scams: Don’t Take the Bait

    The American Association of Retired Persons estimates that elderly people lose roughly $28.3 billion each year from fraud. These scams may target an individual's assets, property, bank account information and other personal data. Here are six scams that target the elderly and some common-sense tips for avoiding them.
  5. Smart Tax Planning Pays Off

    There's an old saying that two things are certain in life: death and taxes. Just like healthy eating and regular exercise can help you live longer, proactive tax planning can lower how much you pay in federal income taxes. So it's important to make taxes a forethought, not an afterthought. Here's why proactive tax planning is important for your long-term financial wellbeing.
  6. ACFE Publishes New Fraud Study

    The median fraud loss increased from $117,000 to $145,000 per incident over the last two years, according to a 2024 study published by the Association of Certified Fraud Examiners (ACFE). However, over the last decade, an increasing number of organizations have implemented fraud prevention and detection measures. Here's how your organization can use the study's findings to help protect against fraud.
  7. How Catch-Up Contributions Can Bolster Retirement Savings

    Don't overlook the potential value of making catch-up contributions to your retirement account. Married or single, these extra contributions can significantly increase your income in retirement. Whatever your expectation about the future of Social Security is, you should carefully consider padding your retirement nest now while those extra contributions have time to grow.
  8. Small Business Alert: Bankruptcy Debt Limits Soon Could Drop

    Is your business struggling in today's uncertain market conditions? If so and you're contemplating filing for bankruptcy, you should be aware that temporary increases to the debt limits for small business protections under Subchapter V and Chapter 13 of the U.S. bankruptcy code are scheduled to expire on June 21, 2024. Here are the details.
  9. New FTC Final Rule Bans Most Noncompete Agreements

    Does your business use noncompete agreements to prevent workers from competing against it? The Federal Trade Commission (FTC) recently issued a final rule that would ban these agreements for most employees and independent contractors. It will go in effect in September 2024 unless business groups succeed in their current efforts to postpone or overturn it.
  10. DOL Expands Overtime to Millions of Workers

    A new final rule from the U.S. Department of Labor (DOL) is slated to expand the number of workers who are eligible for overtime pay under the federal Fair Labor Standards Act. It's scheduled to take effect on July 1, 2024, but it's likely to face legal challenges. Here are steps for employers to consider taking to remain in compliance.

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