09.08.21

Is Your Revocable Trust Fully Funded?
Jeffrey R. Green

If your estate plan documents make use of a revocable trust, also known as a “living trust,” you need to ensure that the trust is fully “funded.” When properly structured, revocable trusts can provide significant benefits, including the ability to avoid probate of the assets they hold and facilitate management of your assets in the […]

09.02.21

IRS Compliance Checklist: Keep Your Plan Running Smoothly and Legally
James Pellino

Some IRS compliance requirements for plan sponsors may be more familiar than others. Because knowledge of even the most basic rules tends to vary, the IRS offers a 401(k) plan checklist of the top compliance tasks. It is a good idea to test your plan against this checklist. Before you start Both you and your […]

08.31.21

State of the Midsize Market: Resilience Is Key
Justin L. Sylvan

Despite daunting challenges, midsize law firms flexed their creativity and agility to prove themselves surprisingly resilient in 2020. The 2021 Report on the State of the Midsize Legal Market from the Thomson Reuters Institute (TRI) looks at how midsize firms weathered the challenges of 2020 and the opportunities that may lie ahead. Related Read: 2021 Legal […]

08.24.21

Labor Shortage: How Manufacturers Can Attract and Retain Qualified Workers
Seamus M. Donoghue

The CFO Survey, a collaboration of Duke University’s Fuqua School of Business and the Federal Reserve Banks of Richmond and Atlanta, tracks CFO optimism and top concerns. According to the survey, labor quality and availability was the most pressing concern in the second quarter of 2021. The labor shortage has been a major concern among […]

08.23.21

Board Designation: Three Questions To Consider

The COVID-19 pandemic and ensuing economic crisis have provided harsh reminders of how precarious a not-for-profit organization’s financial stability can be. Uncertainty about the future is prompting some organizations to consider the wisdom of making board designations of unrestricted assets. Here are a few questions your organization might want to consider before making that decision. […]

08.10.21

What COVID-19 Might Mean for the Multifamily Sector
Justin L. Sylvan

The COVID-19 pandemic has had a dramatic impact on almost every industry, including real estate. Owners, investors and developers are already seeing ripple effects across sectors. It is important to learn how the virus might bring changes to multifamily housing that could endure or, at least heavily influence, the future. Related Read: Consider a Turnaround Strategy […]

08.09.21

Proactively Overcoming Industry Challenges
Kevin Omahen

With the onset of COVID-19, all industry sectors have been dealing with a multitude of issues. In the health care sector, practices have not only been faced with employee retention issues, but also practice management issues which will be discussed below. Challenges and solutions In looking at the top challenges that medical practices face, the […]

08.05.21

RMDs Are Back: Here Is How To Soften the Tax Blow
Dan Newman

To provide some relief during the COVID-19 pandemic, the CARES Act suspended required minimum distributions (RMDs) from traditional IRAs and employer-sponsored retirement plans for 2020. No such relief is available in 2021. Therefore, many retirees will need to take taxable RMDs by the end of this year. Fortunately, a couple of strategies are available to […]

08.03.21

How To Prepare for a Plan Audit

In most cases, the odds of receiving notice from the IRS or Department of Labor (DOL) stating that they plan to audit your retirement plan are slim. However, if that situation arises, it is important to be prepared for what lies ahead. Knowing what is involved can enable you to stay on top of your […]

07.29.21

Economic Injury Disaster Loans: Another Option on the Financial Relief Menu
Christopher Georgiou

There are a variety of relief programs available for restaurants that have suffered during the COVID-19 pandemic, including grants from the Restaurant Revitalization Fund and forgivable Paycheck Protection Program (PPP) loans. Related Read: Paycheck Protection Program Gets a Refresh If your restaurant business was unable to obtain this relief — or if your funding has […]