One advantage of term life insurance is that it is generally the most cost-effective way to achieve the maximum life insurance protection you can afford. However, if your term life insurance policy is set to expire in the near future, it’s important to explore your options now before the coverage runs out.
A beneficiary is the person or entity you designate to receive the death benefits of a life insurance policy. Some states require that your beneficiary have an insurable interest in your life or be related to you, while others have no such restriction.
If you’re charitably minded and seek to make a difference with your money while gaining tax-related benefits in the process, it’s time to consider donor-advised funds (DAFs).
At a time when business-to-business e-commerce represents approximately 25 percent of the global manufacturing trade, companies are increasingly choosing to only complete business transactions with companies working with an e-commerce system.
Transfer pricing is one of the top audit issues for the IRS and global businesses could risk incurring steep penalties on transfer pricing adjustments if they are not in compliance. It is now more important than ever for global companies to fully grasp the concept of transfer pricing and use it to maximum advantage.
Do you understand the advantages and disadvantages of filing your taxes as a C corporation versus an S corporation? It may be worth your time to consider the differences and to determine which is best for you and your business.