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Small business owners face unique challenges. Learn about strategies and resources that can help you plan for your future.
The loss of a spouse can be a devastating, life-changing event. Due to longer life expectancies, women are more likely to face this situation. Even if you've always handled your family's finances, the number of financial and legal matters that have to be settled in the weeks and months following your loved one's death can be overwhelming.
Do you worry about changes in the economy? Have you recently been fired or a victim of downsizing? Whatever your situation, you may be wondering if you're eligible for unemployment benefits. For a basic understanding of how unemployment benefits work, read on!
Am I eligible?
Although specific eligibility requirements vary from state to state, most states have the same basic standards for collecting unemployment benefits. They include:
Taxpayers have until their tax return due date (not including extensions) to contribute up to $5,500 to an IRA for 2018 ($6,500 if they were age 50 or older on December 31, 2018). For most taxpayers, the contribution deadline for 2018 is April 15, 2019 (April 17 for taxpayers in Maine and Massachusetts).
Make your contribution today!
One of the most important documents participants must receive automatically when becoming covered under a health benefit plan that is subject to ERISA (the federal Employee Retirement Income Security Act) is a summary of the plan, called the Summary Plan Description or SPD. The fact is, many employers are confused about this very important ERISA-required disclosure, which can put them at risk.
Health FSA Limit to Increase in 2019
The ACA imposes a dollar limit on employees' salary reduction contributions to health flexible spending arrangements (health FSAs) offered under cafeteria plans.
The 2019 Federal and State minimum wage chart has been published. Employers should be advised that different rates may apply to employees and in cities and counties that have passed local minimum wage ordinances. Be sure to confirm the wage requirements that apply to your business with your state Department of Labor.
To view a copy of the current chart, please use the link below.
With Brooks Financial Group, you can learn how financial planning can help small business owners design the life —and live the lifestyle—of their choosing in their retirement years.
For many small business owners, the sale of their company is the foundation of their retirement plan. Brooks Financial Group can help you understand how the right business succession plan can help you secure your retirement.