MBA News

A complex federal regulation known as the Department of Labor (DOL) Fiduciary Rule is scheduled to begin phasing in on April 1. The thrust of the new rule, which has been in the works for several years, has been significantly modified from its original version. The rule pertains... Continue Reading

Courts have consistently found that student athletes aren’t employees who are required to be paid under federal law — and a U.S. Appeals Court came to the same conclusion in a new case. Facts of the Latest Case The U.S. Court of Appeals for the Seventh Circuit has upheld a... Continue Reading

Are you an employee, a partner, a partner who doesn’t know it — or a combination of these classifications? The answer can have serious tax implications. If you participate in a business that’s operated as a partnership or a limited liability company, here are some... Continue Reading

A tried-and-true estate planning strategy is to make tax-free gifts to loved ones during life, because it reduces potential estate tax at death. There are many ways to make tax-free gifts, but one of the simplest is to take advantage of the annual gift tax exclusion with direct... Continue Reading

Are you in your 50s or 60s and thinking more about retirement? If so, and you’re still not completely comfortable with the size of your nest egg, don’t forget about “catch-up” contributions. These are additional amounts beyond the regular annual limits that workers age 50 or... Continue Reading

Sometimes, in the life of a business, employers need to streamline the workforce. Doing so might include eliminating some positions altogether. When that happens, it’s important to tread carefully to ensure you don’t unintentionally violate labor regulations. The most... Continue Reading

Do you dread getting phone calls from unfamiliar sources? It seems that callers are more likely to be aggressive solicitors, pushy telemarketers or even devious con artists than legitimate business people. Criminals typically target the elderly, disabled people or immigrants,... Continue Reading

You may be aware of the rule that allows businesses to deduct bonuses employees have earned during a tax year if the bonuses are paid within 2½ months after the end of that year (by March 15for a calendar-year company). But this favorable tax treatment isn’t always available. For... Continue Reading

Where did the time go? The year is quickly drawing to a close, but there’s still time to take steps to reduce your 2016 tax liability. Here are seven last-minute tax-saving tips to consider — you just must act by December 31: Pay your 2016 property tax bill that’s due in early... Continue Reading