Leave-Sharing: Support for Employees in Crisis Time

IRS Ruling Creates Potential Win-Win for Employees Many companies have established leave-sharing plans, which allow employees to donate accrued leave time for use by others in the company.  In general, the employee who donates the time will report that paid time off (PTO) as taxable compensation on their W-2.  However,

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SECURE Act Makes Improvements to Nation’s Retirement Policy

Final legislation enacted December 20, 2019 included the Setting Every Community Up for Retirement Enhancement (SECURE) Act, which consists the most updates to retirement legislation in over a decade.  Many of the provisions aim to encourage more Americans to improve their retirement savings.  And while many of the changes offer

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What is a Personal Financial Specialist?

And what are the benefits of meeting with a Personal Financial Specialist? To continue to be recognized as a contributor to the financial planning sector, the American Institute of Certified Public Accountants (AICPA) has developed its own credential including membership resources.  Titled the Personal Financial Specialist (PFS), candidates must first

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New Fraudulent Scheme is Tricking Taxpayers

Although the IRS has been long aware of fraudsters using email and social media to seek out personal information, the IRS has received reports of a new successful scheme against taxpayers. In order to combat against scams and fraudulent notices, the most predominate way the IRS communicates with taxpayers is

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