Tax Avoiding Life Insurance Is Not Likely to Be Considered Unlawful by the IRS:

Private Placement Life Insurance (“PPLI”) is a niche solution for wealthy individuals. They allow individuals to use their life insurance, and the tax benefits that come with it, to invest in hedge funds or other diversification and investment needs.   However, PPLIs are not meant to be for everyone. A suitable candidate for PPLIs is […]
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The IRS Is Still Trying to Deal with The Paycheck Protection Program:

The Paycheck Protection Program (“PPP”) loans gave businesses more than $800 billion. The PPP loans were created specifically to help small businesses affected by the pandemic, but many people tried taking advantage of them. Ultimately, they led to a lot of fraud.   Some individuals lied about qualifying businesses to qualify for the PPP loan […]
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Commuting Benefits are on the Rise Through SHARE Mobility

Commuting to work can be one of the most stressful times of an employee’s day, and in2019, almost two-thirds of people employed in the United States confirmed thatcommuting caused stress regularly. The study reported by Scoop, a platform forcarpooling, also found that 62% of employees refused to apply for jobs wherecommuting was too much of […]
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Rising Inflation Necessitates Extra Help During Open Enrollment

Rising Inflation Necessitates Extra Help During Open Enrollment With prices rising for nearly every commodity, workers are concerned that their healthcare benefits will rise exponentially as well. Voya Financial surveyed Americans and found that 70% expressed needing their employer’s support in order for them to maximize their savings this open enrollment season when it comes […]
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Donations To The Right Organization Can Have Very Beneficial Tax Benefits:

As many people saw, the founder of Patagonia, Yvon Chouinard, and his family gave away the company to fight climate change. The act shocked many because it seemed like something most billionaires don’t do, but most people didn’t realize that they avoided paying a huge amount of taxes for their donation while keeping control of […]
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Exempt Organizations Might Have to Change How They File Their Applications:

The Internal Revenue Service (“IRS”) may change its requirements for organizations applying for tax-exempt status. Organizations filing streamlined applications might need to include their organizing documents when submitting their application forms.   This change will affect organizations filing Form 1023-EZ, “Streamlined Application for Recognition of Exemption Under Section 501(c)(3) of the Internal Revenue Code.” The […]
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On-Demand Pay for Hospitality Workers is Paying Off

With the labor shortage still going strong, Atrium Hospitality, a management company that operates IHG, Hilton and Marriott locations, found a new way to retain quality employees and attract new talent. The company began offering the earned wage access plan (EWG) by DailyPay, supplying around 7,000 employees with on-demand wage access.  The EWG innovation allows workers […]
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Adding Menopausal Health Benefits Provides Employers with a Competitive Edge

Adapting an employee benefit package to accommodate workers at every life stage is essential in securing employee retention within a company. Recently, the Maven Clinic began a program entitled “Menopause and Ongoing Care”, which provides adequate resources, education and beneficial access to specialized medical providers who are experts in caring for women going through menopause. […]
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How Biden’s Student Loan Forgiveness Plan Affects Employers

With so many people going to college these days, Americans currently owe $1.75 trillion in accumulated student loan debt. Because of this, the Biden Administration came forward with a solution. On August 24th, the administration announced the coming cancelation of up to $20,000 of student loan debt specifically for recipients of the Pell Grant, while […]
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