At the most basic level, business transition planning is a strategy that can be put into play when a business is sold or changes hands. For company owners nearing retirement, a successful transition plan can play an important part in creating and preserving the value of the business after it has changed hands.
Atlanta Financial Blog
IRS Releases 2020 “Dirty Dozen” Tax Scams
Each year the IRS releases a Top 12 or “Dirty Dozen” tax frauds and scams they are seeing in an effort to warn taxpayers of things to be on the lookout for. I read this each year and the list includes several of the usual suspects but also has some new additions. You can read the entire IRS list here (IRS Dirty Dozen 2020), but I wanted to highlight a couple of items that I believe are most relevant to our readers:
- One of the most common frauds that impacts our clients are harassing phone calls threatening your loved one will be arrested if payment is not made immediately (usually through Western Union or gift cards). The IRS will never call you requesting immediate payment and payments made to the IRS should be made via check, direct debit initiated through tax preparation software or EFTPS.gov. Nothing the IRS does moves that quickly.
- Many fraudsters are trying to take advantage of well-intentioned individuals during the COVID-19 pandemic. They will place unsolicited calls and emails asking for donations to fake charities; however, these donations will not benefit the intended recipient. I suggest giving to charities you have given to in the past or charities who have a proven track record of helping those in need. If a new charity touches you, taxpayers can find legitimate and qualified charities with the search tool on IRS.gov.
- As always, it is important to protect your personal information. Be careful when anyone requests personal information they should already have (such as a bank or the IRS requesting account numbers or social security numbers). Also, be cognizant about personal information entered when using shared WIFI (such as at a Starbucks or the airport).
Fraudsters have improved their tactics and don’t always place calls with bad English or send emails with poor grammar, so if something ever feels odd please hang up and call us, we are here to help!
The travel industry has begun to see growing demand as we move closer to summer. However, not all travel will be the same, as much of the demand is directly related to the COVID-19 vaccine and reduced CDC restrictions. Instead, industry trends have emerged based on individual comfort levels as they apply to different modes of travel.
Below we will explore some of the factors that have contributed to an increase in travel and how different industries are responding to it.
Following a year of economic instability, it appears that many of us are turning our attention to something that’s been around for decades, but has recently piqued national interest – inflation. In fact, a recent study found that people are Googling the word “inflation” at a rapid rate, with a peak not seen since 2010…
As mothers, sisters and daughters, women are often counted on to be caregivers for family members in need. Whether it’s something as small as a cold or as debilitating as a terminal illness, women are typically the ones to care for and help out when a loved one is sick. But what happens when the caregiver is in need of her own care? Too many women are stuck facing this dilemma head on, instead of preparing for it while there’s still plenty of options, resources and time ahead. Below are a few reasons why it’s so important for women to plan for their own long-term care strategies now.