For over 75 years, payers of alimony (also known as spousal support or spousal maintenance) were allowed to take a tax deduction for the amount of alimony paid to their ex-spouse. This shifted the income tax burden to the receiver of alimony, which in many instances increased the amount of income available to spouses transitioning to two households.
Do you have a “defined benefit pension plan through your job, such as TERS, PERS, SERS or LEOFF?” Do you work for a PUD, school district, public works, law enforcement agency, county, city or state? You may want to take a hard look at Pension Maximization.
Many of you reading this are familiar with the term "Right People Right Seat" (popularized by Jim Collins in his book "Good to Great"). And I think it is safe to assume you, like the rest of us, want to have all the Right People in the Right Seat on your Organization’s “bus.” Great! Sounds simple enough. But how do you know when you have all the Right People Right Seat (RPRS)? You wonder, “How can I quantify that information?”
Why should you want to make your business senior-friendly? Well, the silver tsunami of aging Baby Boomers is just starting and is only going to get bigger as those age 85 and over are the fastest growing segment of our population. According to the U.S. Census Bureau, there were more than 20,000 people in Chelan and Douglas counties aged 65 and over in 2017, and that number is increasing daily as more and more retirees from the “wet” side of Washington come to the Wenatchee Valley for our sunshine, recreation ...
There is much hype today about organizational culture (well... today, yesterday and tomorrow). We see mission and vision statements displayed proudly in lobbies and conference rooms. But how many people, including those in management, really know the core values of their organization? And moreover, how many use these values to make decisions affecting their organization?
Are you self-employed, do you freelance, or do you run a business on the side? You have a complicated tax situation, all stemming from one fact — when you earn a paycheck taxes are not immediately taken out of it.
There are few things — if any — we hold dearer in the Pacific Northwest than a clean, healthy environment. Our state has taken great care to protect the air, water and land through the generations, which is evident in our state’s extremely low carbon footprint and the pristine landscape we all appreciate.
I read in the book "Boss Bitch" (Nicole Lapin) that there are two types of leaders — those that lead as if they are playing checkers, and those that lead as if they are playing chess. Her point was that people are like chess pieces — we all move a little differently. We want to be treated differently. And leaders who treat everyone the same (checkers pieces) are less effective because people are individuals that respond uniquely. I completely agree.
So, you’ve decided to start a business. It’s an exciting idea. Owning your own business provides an opportunity to escape the rat race, to work how you want to work, and to reap the rewards of your own labor. However, there are some potential pitfalls and obstacles to consider as well.
Though the fear of an audit is great, the risk is actually extremely low. Fewer than 1 percent of Americans have their Federal taxes audited. In fact, the percentage has been declining recently due to Internal Revenue Service budget cuts. In 2016, just 0.7 percent of individual returns were audited (1 of every 143). That compares to 1.1 percent of individual returns in 2010.
A common trap we as leaders set for ourselves and our team is delegating responsibility without sufficient authority to be effective. I never felt more at the receiving end of this lose-lose scenario as when I was a school teacher responsible for so many young minds with expectations to reach standard, but very little authority (either with parents or with the system itself) to do what I believed would be most instrumental in real progress.
Disability insurance with a “return of premium” rider (ROP for short) is a type of insurance made to protect your income if you get sick or hurt and cannot work, but where you can get a 100 percent refund of all your premiums paid, typically at age 67, if you don’t have any claims.