The CBD Blog

Find peer advice, partner insights, and industry updates – all here in the CBD blog, ‘At The Helm’! With contributions from our entire team, we blog about the things that interest you.

Hot Midyear Tax Planning Ideas for Individuals

The second half of 2019 has begun. Have you given any thought to your current federal tax situation? Fortunately, you still have several more months to make changes. Here are some areas to consider including fine-tuning your investments, making tax-savvy gifts, converting IRAs and avoiding the alternative minimum tax to help lower your tax hit in 2019 and beyond.

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Tips for Picking the Right Nursing Home Facility

Nearly 1.3 million Americans live in nursing homes. While most facilities provide high-quality care, a recent study found about 3% have “persistent records of poor care.” When it comes to finding an extended nursing care facility for your loved one, you’ll want to do extensive research. This article provides a search tool that rates nursing homes and tips to help your family make an informed decision.

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NLRB Raises the Bar on Clarity of Employee Arbitration Agreements

Arbitration agreements are a common legal tool in employment arrangements to keep labor disputes from becoming bogged down in costly, time-consuming court battles. However, as a recent National Labor Relations Board (NLRB) ruling reveals, there are limits to their enforceability based not just on what these agreements state, but also on what they imply.

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Summer Loving? Think About Taxes Before You Tie the Knot

Warm weather, outdoor venues and picturesque photo backdrops make summer a popular time to get married. But forget romance for a while and think about practical matters. Before saying, “I do,” it’s important to consider taxes and other financial issues that must be addressed when you merge two lives. The more wealth you accumulate, the more complicated the issues become.

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As Legal Challenges Continue, Don’t Miss this EEOC Deadline

Some employers may need to scramble to comply with the latest development from the Equal Employment Opportunity Commission. Its EEO-1 report has been the subject of a legal saga for some time. Now, a September 30 deadline may make it tough to pull together your 2017 and 2018 “Component 2” data. (The “Component 1” data deadline has passed.) Here’s what you need to know.

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How Much Can Businesses Deduct for Vehicles Placed in Service in 2019?

Tax breaks for buying new and used business vehicles have been expanded under the Tax Cuts and Jobs Act. But there are some important limitations and exceptions that you should review before making a purchase. Also, if you’re thinking about leasing a car to be used for business, don’t forget to consider the amounts that lessees must report as income that effectively reduces deductible lease payments.

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How to Structure a Business Asset Purchase with Taxes in Mind

In merger and acquisition negotiations, taxes are an important consideration. Do you fully understand the tax consequences of purchasing the assets of a business? The rules are especially confusing if you operate the new entity as a so-called “pass-through” business. Here’s what you should know to help you comply with the rules and potentially lower taxes.

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Are Pop-Ups a Fresh Marketing Concept — or Merely a Fad?

The 21st century has seen its fair share of consumer trends from Pokemon Go to selfies to the popularity of reality television shows. Some trends last longer than others. But one that may have longevity is the pop-up business. Modern pop-ups randomly appear to test innovative products, create brand awareness or sell seasonal wares for a limited time. Learn the pros and cons before you open or invest in a pop-up business.

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Reap the Rewards of Fresh Talent with Internships

What can someone fresh out of school do for you, working as an intern? More than you might think. Even if your summer hiring plans are already set, interns aren’t just for filling seasonal gaps in your workforce. To make the most of the opportunity requires planning and knowing the rules. Continue reading for details.

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Using Artificial Intelligence in the Business World

Artificial intelligence (AI) and machine learning (ML) are expected to revolutionize business operations in the future. So, why are some companies reluctant to jump on the bandwagon? This article explores some of the benefits and potential risks associated with automation. It also identifies some real-world applications that might surprise you.

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Tax Issues When Winding Up the Estate of a Loved One

When a parent or another beloved family member passes away, someone must tackle the job of handling the resulting tax issues. This article explains the role of the executor, how to file taxes in the year of death, how revocable trusts are treated under the tax code and how marital status sometimes can affect a decedent’s income tax obligations.

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Should Employers Allow Emotional Support Animals in the Workplace?

Untold numbers of dogs and other creatures are defined by their owners as “emotional support animals.” Some are legitimate service animals. Others, not so much. Suppose your company has a firm “no pets” policy, yet, one day, an employee shows up with a pet and insists that it’s an emotional support animal. Having a beloved pet with you at work may be comforting for many people. But does that mean you must allow it?

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Prepare to Receive a Social Security Administration No-Match Letter

If you haven’t received a “no-match” letter from the Social Security Administration lately, you might soon. The purpose of this correspondence is to alert the employer when there’s a discrepancy between the agency’s files and data reported on employees’ W-2s. What do you need to do? Technically you could ignore this letter, but that could be a big mistake. Here’s why.

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DOL Updates Guidance on Independent Contractor Status

From car rides and delivery services to house cleaning and computer repair, the “gig” economy is thriving. But it’s often unclear whether workers who provide these services should be classified as employees or independent contractors. This issue prompted a recent strike by Uber workers and an opinion ruling from the U.S. Department of Labor. Here’s the scoop.

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When to Update Your Estate Plan

Are your estate planning documents collecting dust? Many people who take the time to create a detailed estate plan fail to follow up on a regular basis to reflect changes in their family situation or asset portfolios, relocations across state lines and new tax laws. Estate planning is an ongoing chore even for people with estates valued below the temporarily expanded unified estate and gift tax exemption.

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How to Benefit from the Rising Average Age of American Workers

Have you thought about how you’ll keep your company’s workforce strong and growing to meet its future demands? Don’t count on an endless supply of skilled young employees fresh out of college. Statistics indicate that this age group is a shrinking talent pool. But a “hidden” source of productive talent may be right under your nose.

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Sticker Shock: How Much Does a College Degree Cost?

A recent study reports that most parents and students have no idea how much college actually costs. The key reason is that most families focus on the sticker price of college tuition, without factoring in grants, scholarships and tax benefits that lower out-of-pocket costs. Any way you look at it, college is a major investment. Here’s how much you can realistically expect to spend, along with tips for lowering the overall cost.

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IRS Announces Changes for Personal Use of Employer-Provided Vehicles

The use of a company car is a popular perk for employees at some companies. But under tax law, this benefit isn’t completely free to employees. Essentially, the personal use of a company car is treated as a taxable noncash fringe benefit, subject to income tax withholding by the employer. The IRS just released a relevant figure for 2019 used in calculating the benefit.

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