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. Here are some examples of major anti-discrimination laws that both employers and employees should review in the context of today’s unprecedented conditions. Civil Rights Act The Civil Rights Act of…
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Retirement Accounts and Your Estate Plan
Successful estate planning generally involves passing on your assets to your heirs at a low tax cost. To help achieve that goal, there are a few things to keep in mind about retirement accounts. First, tax-favored retirement accounts, such as traditional IRAs, Roth IRAs, SEP accounts and 401(k) plans, are not good candidates to use for funding bypass…
Business Valuation Approaches As Easy As 1-2-3
How would you value a business? The three approaches appraisers use to value a business are essentially a matter of common sense. You start with the balance sheet and adjust the book values of assets and liabilities to their market values. Then you turn to the income statement and evaluate how much cash the business is…