H&B, Author at Hutchinson and Bloodgood LLP

How Employers Can Help Employees Who Must Move

Married couple packing their living room into boxes as they prepare to move

March 7, 2024

In today’s tight labor market, your business may want to perk up its compensation package to attract and retain in-demand employees. For example, you might offer moving expense reimbursements or other relocation payments to lure job candidates from afar. Under current law, moving expense payments can’t be deducted by employees or excluded from tax. However, employers […]

Find Out More

Business Planning & Consulting

Empower your sellers with sales enablement

Text,sales,enablement,written,on,yellow,background,with,white,puzzle.

March 6, 2024

H&B

0

The driving revenue force of just about every kind of business is sales. But all too often, once a sales team is up and running, it’s left to its own devices to maintain its strengths, develop new skills and upgrade its technology. This can produce mixed results — some sales departments are remarkably self-sufficient while […]

Find Out More

Tax Planning

A job loss is bad but the tax implications could make it worse

envelope with a pink slip sticking out that says LAYOFF NOTICE, back pen on it. Manila folder underneath envelope

March 5, 2024

H&B

0

Unemployment has been holding steady recently at 3.7%. But there are still some people losing their jobs — particularly in certain industries including technology and media. If you’re laid off or terminated from employment, taxes are likely the last thing on your mind. However, there are tax implications due to your altered employment circumstances. Depending […]

Find Out More

Business Planning & Consulting

Help Wanted: Hiring Your Kids to Work for Your Small Business

Father and son working together on a laptop

March 4, 2024

H&B

0

If you own a small business, you might consider hiring your kids to work during their time off from school. In addition to teaching your children some financial responsibility and business sense, there are some tax advantages to factor into your decision. Here are the details. Tax Advantages for Your Child There are special tax breaks […]

Find Out More

Financial Planning

You’ve Received an Inheritance. Now What?

Diverse Businesspeople Gathered Together For Negotiations Lead By African Businesswoman

March 1, 2024

H&B

0

Even if you’ve long expected it, receiving an inheritance can be somewhat disorienting — particularly if it’s a large windfall that could alter your current standard of living. Fortunately, there are advisors (including CPAs, attorneys and financial planners) who can help you avoid making “emotional” decisions and, depending on your current situation and financial goals, put […]

Find Out More

Estate Planning

Don’t Forget to Include Foreign Assets In Your Estate Plan

Globe covered in various covered flags on a blue background

February 29, 2024

H&B

0

It’s common for people to assume that foreign assets aren’t relevant to their “U.S.” estate plans. However, foreign — indeed, all of your assets — should be included in your estate plan. Financial experts can structure ownership of your foreign assets according to U.S. laws and those of the country where they’re located to help your estate avoid […]

Find Out More

Business Planning & Consulting

Applying for a commercial loan with confidence

Happy,mid,aged,business,woman,manager,handshaking,greeting,client,in

February 28, 2024

H&B

0

Few and far between are businesses that can either launch or grow without an infusion of outside capital. In some cases, that capital comes in the form of a commercial loan from a bank or some other type of lender. If you and your company’s leadership team believe a loan will soon be necessary, it’s […]

Find Out More

Tax Planning

New option for unused funds in a 529 college savings plan

3 cut out orange paper dolls, college graduate cap and a old fashioned key with a tag on it that says 529 Plan

February 27, 2024

H&B

0

With the high cost of college, many parents begin saving with 529 plans when their children are babies. Contributions to these plans aren’t tax deductible, but they grow tax deferred. Earnings used to pay qualified education expenses can be withdrawn tax-free. However, earnings used for other purposes may be subject to income tax plus a […]

Find Out More

Retirement Planning

Small businesses can help employees save for retirement, too

Separate,budgets,in,relationships,and,family.,the,principle,of,forming

February 21, 2024

H&B

0

Many small business owners run their companies as leanly as possible. This often means not offering what are considered standard fringe benefits for midsize or larger companies, such as a retirement plan. If this is the case for your small business, don’t give up on the idea of helping your employees save for retirement in […]

Find Out More

Tax Planning

Taking your spouse on a business trip? Can you write off the costs?

Smiling,young,couple,posing,sitting,in,a,car

February 20, 2024

H&B

0

A recent report shows that post-pandemic global business travel is going strong. The market reached $665.3 billion in 2022 and is estimated to hit $928.4 billion by 2030, according to a report from Research and Markets. If you own your own company and travel for business, you may wonder whether you can deduct the costs of having […]

Find Out More

Author: H&B

How Employers Can Help Employees Who Must Move

Empower your sellers with sales enablement

A job loss is bad but the tax implications could make it worse

Help Wanted: Hiring Your Kids to Work for Your Small Business

You’ve Received an Inheritance. Now What?

Don’t Forget to Include Foreign Assets In Your Estate Plan

Applying for a commercial loan with confidence

New option for unused funds in a 529 college savings plan

Small businesses can help employees save for retirement, too

Taking your spouse on a business trip? Can you write off the costs?

A Comprehensive Approach to Goal-Based Financial Planning