When it’s time to calculate damages, a skillful financial expert can discount future damages to present value, providing the ammunition businesses need to receive a just award. Here is an example focusing on how to ensure a reasonable discount rate. Let’s say a company fires an employee for stealing trade secrets. It goes to court to…
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New Tax Law Provides 10 Key Breaks for Individual Taxpayers
A recent spending package signed into law by President Trump on December 20 retroactively resurrects and/or extends several key tax breaks through 2020. It also provides tax relief for victims of federally declared disasters. Here are ten breaks that can benefit eligible individuals. 1. Reduced Threshold for Medical Expense Deductions The Tax Cuts and Jobs Act (TCJA)…
Insuring Your Business with a Buy-Sell Agreement
Life insurance is designed to help protect a household from the financial hardships that may follow the untimely death of a primary wage earner. All in the FamilyFamily owned businesses account for 62% of total U.S. employment and are responsible for 78% of all new jobs. Yet only about 30% of them survive into the second…