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Author Archives for Service2Client

  • How to Develop a Hybrid Work Policy Post-Pandemic

    Posted Date July 1, 2021 Posted Time 12:00 am Published in

    🖨 Print⏱ 5 min readAccording to a Prudential survey, 87 percent of respondents said they would prefer to work remotely at least one day per week. This is compared to 13 percent of respondents preferring to work at the office all the time. The same survey found that one-third of respondents wouldn’t want to work for a business that had a 100 percent on-site work policy. According to a report from Microsoft titled, “The Next Great Disruption is Hybrid Work – Are We Ready?” 54 percent of employees report “feeling overworked” while 39 percent say they “feel exhausted.” The study... View Article

  • Restricted Stock & RSUs: 3 Planning Tips

    Posted Date July 1, 2021 Posted Time 12:00 am Published in

    🖨 Print⏱ 4 min readEquity compensation is becoming more mainstream and is not just for executives anymore. Grants of restricted stock or restricted stock units (RSUs) are getting to be more common than stock options – and the rules are different, as is the tax planning. Below we will look at some of the particulars of how restricted stock and RSUs operate, how to understand a grant, planning for the tax consequences, and what to do after the shares vest. How Restricted Stock and RSUs Work At their core, restricted stock and RSU company shares that vest according to a... View Article

  • How to Choose the Right Accounting Software for your Business

    Posted Date June 1, 2021 Posted Time 12:00 am Published in

    🖨 Print⏱ 4 min readBusiness accounting activities can be tedious when performed manually and are prone to errors. For these reasons, many businesses have shifted to accounting software that offers numerous benefits, including data accuracy, time savings, easier auditing and on-demand reports. With so many available options, it’s overwhelming to choose the right fit for a particular business. As more software vendors join the market with different enticing offers, it’s wise to be equipped with the right information. Making a Decision Between Different Accounting Software Each business is different and varies with industry. For efficient accounting operations, you cannot afford... View Article

  • Real Estate Opportunities in 2021

    Posted Date June 1, 2021 Posted Time 12:00 am Published in

    🖨 Print⏱ 4 min readEven before the pandemic began, the U.S. residential real estate market was short on houses, with more people looking to buy than those who were selling. And yet, unlike the 2008 recession, any economic woes related to the pandemic did not undercut housing prices. If anything, real estate had a banner year as home prices continued to rise. In April of this year, the median sale price of existing homes rose by 19.1 percent to a record high of $341,600. There are several reasons we haven’t seen a repeat of the housing crisis that we experienced... View Article

  • The Biggest Winners and Losers in President Biden’s Proposed Individual Tax Plan

    Posted Date June 1, 2021 Posted Time 12:00 am Published in

    🖨 Print⏱ 3 min readPresident Biden presented his $1.8 trillion American Families Plan, which focuses on expanding benefits for education, children and childcare. The Biden administration intends to pay for the plan with a series of tax hikes on certain individual taxpayers. Depending on your income and source of wealth, there are some clear winners and losers of this proposal, so let’s look at each and start with those who lose. Losers Under the Plan High Earners: The proposed plan would increase the highest individual tax rate from 37 percent up to 39.6 percent. Currently, this tax bracket starts with... View Article

  • Addressing Hate Crimes, Banks Serving the Cannabis Industry and Unilateral Power to Restrict Immigration

    Posted Date June 1, 2021 Posted Time 12:00 am Published in

    🖨 Print⏱ 3 min readComprehensive Debt Collection Improvement Act (HR 2547) – This bill would expand financial protections and restrictions on debt collection activities for consumers, in particular for private student loans and medical debt. The legislation would require lenders to discharge private student loan debt if the borrower dies or becomes permanently disabled. It would prohibit consumer reporting agencies from adding any information related to certain situations, such as debt arising from a medically necessary procedure, and restrict certain debt collection practices. The bill was introduced by Rep. Maxine Waters (D-CA) on April 15. It was passed by the... View Article

  • Vaccine Hesitancy: Why We Have It and How It Affects Employers and Employees

    Posted Date June 1, 2021 Posted Time 12:00 am Published in

    🖨 Print⏱ 6 min readAccording to a Tufts University survey, six in ten of those surveyed are now vaccinated against COVID-19. However, almost 40 percent of the unvaccinated respondents said they won’t get the vaccine. Only 28.5 percent of the remaining unvaccinated respondents said they will get vaccinated against COVID-19 in the future, with the remaining unvaccinated respondents unable to decide whether they will take the vaccination. With vaccine hesitancy a concern, how can employers encourage more people to get the vaccine? It is important to understand why some view vaccines skeptically in order to overcome vaccine hesitancy among employees.... View Article

  • 6 Ways to Make Saving Money Fun

    Posted Date June 1, 2021 Posted Time 12:00 am Published in

    🖨 Print⏱ 3 min readLet’s face it. Saving money is a challenge at best – and really hard the rest of the time. But what if you made it a fun game to inspire yourself to save? Here are a few ways to do just that. Keep the Change Challenge Anytime you receive or find loose change in your pockets or house, put it in a jar. Don’t touch it for a year, and then see how much you save. But here’s a great plus-up for this habit: download a money-saving app like Acorns and watch your savings grow. Anytime... View Article

  • Everything There is to Know About the New Child Tax Credit

    Posted Date May 1, 2021 Posted Time 12:00 am Published in

    🖨 Print⏱ 3 min readThe Child Tax Credit as we know it originated during the Clinton administration, but the recently enacted American Rescue Plan created a new version. The updated version of this tax credit could have a beneficial impact on Americans struggling through the COVID-19 pandemic. There are changes to many aspects of the credit, so let’s look at each one below. Monthly Payments Versus Once-a-Year Credit First, the new version of the Child Tax Credit applies only to the year 2021. If a family qualifies, the credits are $3,600 for each child under age 6 and $3,000 for... View Article

  • 7 Ways to Save 10K a Year

    Posted Date May 1, 2021 Posted Time 12:00 am Published in

    🖨 Print⏱ 4 min readIf you’re scratching your head and wondering if we’ve lost our minds, please keep reading. You can do this. All you need to do is plan your steps – and stick to it. After all, Confucius says, “A journey of a thousand miles begins with a single step.” So let’s get moving. Save Before You Spend This might well be the opposite of what you do: you get your weekly or monthly paycheck, determine what expenses are ahead, then dedicate what’s left to savings. To save $10,000, the first thing to do is put away the... View Article

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