Financial statements are intended to serve a purpose, whether that means sharing how a business is doing with outside entities or managing internally. There is no one-size-fits-all format. Today’s newsletter looks at the most important factors to consider when determining which statements are appropriate for which users and situations. Read more…
The post Different Situations, Different Financial Statements (September 2023)
Hispanic Heritage Month Resources
National Hispanic Heritage Month is just around the corner, and the Equity At Work team has compiled several great resources to help you celebrate the cultures and contributions made by Hispanic and Latino Americans whose countries of origin include Spain, Mexico, the Caribbean and Central and South America.
- US Census Bureau: https://www.census.gov/newsroom/stories/hispanic-heritage-month.html
- “!Presente! A Latino History of the United
Copyright Laws and Your Small Business
When you start a business, you often have to produce marketing material for cheap or free. Luckily, it’s not that hard these days to find free photos, graphics, and fonts you can use. However, it’s also far too easy to stumble on things that look free, but are actually protected by copyright. As a small business owner, it’s vital to
Which Assets Do You Pay Estate Tax On?
Do you wonder if you’re at risk of owing estate tax? If so, which assets will you pay the tax on? It comes down to what is considered “in” your estate and what is considered “out” of your estate. You pay tax on assets in your estate, and you don’t pay tax on assets out of your estate.
So, what’s
Transferring Wisdom with Your Wealth
“We’ve worked hard to build and protect our wealth, not just for us, but for our kids and grandkids. I just don’t want this money to ruin the family when I’m gone.”Does this sound familiar? If you’re thinking about how to pass your wealth to future generations of family, this is one of the most frequent fears. The data backs
How to Avoid Paying $2.6 Million in Estate Taxes
Did you know that a soon-to-be-expired law could help your family avoid paying $2.6 million in estate taxes? If not, you’re not alone.
Estate taxes are complex and ever changing, making it difficult to keep up. They not only take a substantial bite out of your wealth, but they can also create confusion and tension for your family during an
Forget About Labor Trends: Here’s What’s Important to Gen Z Workers
The post Forget About Labor Trends: Here’s What’s Important to Gen Z Workers appeared first on Embarc Advisors.
My Financial Advisor Won’t Answer This Question
A few years ago, we were approached by a new client with two questions her advisor wouldn’t answer:
- When should I start social security?
- My pension says I can receive monthly income or a lump sum to invest. Which is better for me?
She had worked for years with an advisor at her local bank to oversee her retirement investments,
4 Ways to Reduce Estate Taxes and Pass More to Charity – A Video Walkthrough
Today is a deep dive into ways you can reduce estate taxes and pass more of your hard-earned wealth to the causes you care about. We show you how to find out how big your estate tax problem is, how the tax works, and four strategies you can use to lose less to taxes and make a bigger impact on
Saving for Retirement Beyond Your 401(k)
Many people never notice the contribution limits on their 401(k). They aren’t coming close to saving that much anyway. But others, especially high-income individuals, may find these limits too constraining for the amount they want to save. If you’ve maxed out your 401(k) contributions and want to save more for your retirement, you’ll need to explore other vehicles.
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