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Author Archives for Service2Client

  • Young Adults: Why Buy Life Insurance?

    Posted Date August 1, 2025 Posted Time 12:00 am Published in

    🖨 Print⏱ 4 min readYoung adults may not see much reason to purchase life insurance, especially if they have no dependents and/or a partner who makes plenty of money. However, there are several reasons why folks in this situation would want to consider various forms of life insurance. To Pay Off Debt Let’s say your parents cosigned for your student loans, car loan or other debts. Should you pass away, your cosigner will be liable to pay off the debt. However, if you name that person the beneficiary of your life policy, he or she can use the benefit to... View Article

  • Understanding Depreciation Recapture

    Posted Date August 1, 2025 Posted Time 12:00 am Published in

    🖨 Print⏱ 3 min readWhen it comes to businesses and asset depreciation, there are many types available, such as straight-line, units of production, double declining balance, and sum of years digits. While these aren’t the only ones, they are available via the IRS code and help businesses reduce their taxable income. However, under certain circumstances, businesses have to be mindful when selling assets for a gain that could cause a tax liability through depreciation recapture. Understanding Depreciation Depreciation is defined as the reduction in the value of an asset through wear and tear. It can be a rental property or... View Article

  • How Businesses Can Build Disinformation Resilience

    Posted Date August 1, 2025 Posted Time 12:00 am Published in

    🖨 Print⏱ 4 min readThe digital landscape has rapidly advanced, fueled by generative AI and other transformative technologies. Although this has come with great opportunities, it has also introduced new strategic threats. Among these is disinformation. The World Economic Forum classifies misinformation and disinformation as a top global threat alongside conflict and environment in its 2025 global risks report. With generative AI becoming more sophisticated, threat actors (like deepfakes, voice cloning, viral hoaxes and AI-driven scams) are increasing in frequency and precision. Therefore, business leaders need to act fast to build disinformation resilience. Why Disinformation Matters for Business Disinformation is... View Article

  • Restricted Stock Units: 5 Essential Tax and Financial Planning Strategies

    Posted Date August 1, 2025 Posted Time 12:00 am Published in

    🖨 Print⏱ 4 min readReceiving restricted stock units (RSUs) may seem straightforward, but the tax and financial planning complexities can catch many employees off guard. Understanding these key strategies might help you avoid costly mistakes and optimize your financial outcomes. 1. Manage Tax Withholding at Vesting The most common pitfall with RSUs is inadequate tax withholding when shares vest. Companies typically withhold taxes at a flat 22 percent rate for federal taxes (37 percent for amounts over $1 million annually), but this often falls short of your actual tax obligation. Financial planners identify this as the biggest issue they see... View Article

  • Examining Differences Between Liquidity And Solvency

    Posted Date July 1, 2025 Posted Time 12:00 am Published in

    🖨 Print⏱ 3 min readLiquidity looks at how well a company can handle paying wages, inventory, and lending repayments via measuring its cash or quasi-cash levels. Put another way, it looks at the health of a company’s cash flow to satisfy short-term financial obligations. It’s important to be mindful of different sectors and what’s normal or healthy based on the time of year. For example, retail and manufacturing feature functionally focused companies, which means seasonality impacts their dynamic working capital requirements. 1. Current Ratio The current ratio looks at the ratio of current assets divided by current liabilities. It measures... View Article

  • Navigating Worker Classification: The Critical Difference Between Employees and Independent Contractors

    Posted Date July 1, 2025 Posted Time 12:00 am Published in

    🖨 Print⏱ 4 min read Running a small business often means working with a mix of people: some full-time staff, part-time helpers, seasonal workers or project-based contractors. While this flexibility helps manage costs and workload, it creates a crucial decision point that many business owners underestimate: properly classifying each worker. The stakes couldn’t be higher. Companies like FedEx have paid nearly half a billion dollars for getting this wrong, and even tech giants like Microsoft and Lyft have faced costly legal battles over worker misclassification. Why Classification Matters More Than You Think The difference between an employee and an independent... View Article

  • Job Shopping: What’s New in Company Benefits

    Posted Date July 1, 2025 Posted Time 12:00 am Published in

    🖨 Print⏱ 5 min readIf you are in the market for a new job or are interested in extracting more value from your current one, consider some of the newer trends in company benefits. The following is a primer on what might be available to help supplement your income with your current employer or benefits to look for when considering a position with a new company. The standard employee benefit package usually includes insurance (healthcare, dental, disability, life), retirement plans, and paid time off. In addition, federally mandated employee benefits include unemployment insurance, workers’ compensation, and family and medical leave,... View Article

  • Addressing the Digital Divide within the Workforce

    Posted Date July 1, 2025 Posted Time 12:00 am Published in

    🖨 Print⏱ 4 min readThe rapid pace of technological change, particularly the integration of artificial intelligence (AI) in daily workflows, is reshaping the global economy and the nature of work. Today’s digital divide is no longer limited to internet access in underserved communities. The divide has now become a business risk impacting productivity, inclusion, and competitiveness. What is the Workforce Digital Divide? The digital divide refers to disparities mainly in access to technology and digital skills. The groups affected by this divide include older people, frontline employees, lower-income staff,f and people in rural or underserved urban areas. In the workforce... View Article

  • One Big Beautiful Bill Act: Part 1 – What the New Tax Law Means for You

    Posted Date July 1, 2025 Posted Time 12:00 am Published in

    🖨 Print⏱ 4 min read Part 1 The One Big Beautiful Bill Act (OBBBA) passed the House on July 3 and was signed into law by President Trump. This comprehensive legislation makes several expiring tax cuts from the 2017 Tax Cuts and Jobs Act permanent while at the same time introducing several temporary provisions through 2028. In this two-part series, we will look at what the OBBBA means for taxpayers. In Part 1, we examine the impact on individual taxpayers; Part 2 will cover the Act’s impact on businesses, trusts, and estates. Making TCJA Provisions Permanent The bill primarily focuses... View Article

  • Understanding the Goodwill to Assets Ratio

    Posted Date June 1, 2025 Posted Time 12:00 am Published in

    🖨 Print⏱ 4 min readThe goodwill to assets ratio measures how much of a company’s total assets come from goodwill – an intangible asset like brand value or customer loyalty – and it plays a role in assessing the company’s overall value. It provides a ratio or percentage of the amount of intangible versus tangible assets. Understanding what the ratio represents, how it is calculated, and how to interpret it is essential for effectively applying it to business operations and investment decisions. Goodwill Defined Goodwill can be defined as an intangible asset that comes about when the acquiring firm obtains... View Article

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