Prescription drug costs remain one of the most significant healthcare expenses for American businesses and their employees. Pharmacy benefit managers (PBMs) are emerging as a powerful, cost-effective solution. From negotiating drug discounts to improving prescription safety, PBMs deliver measurable value that businesses and health plan sponsors can no longer afford to overlook.
Health care costs can be a major financial burden, but many of these expenses may be tax-deductible if you itemize. From prescription drugs to long-term care insurance premiums, eligible write-offs may be broader than you think. Learn how to calculate your deduction and identify the expenses that may qualify.
Only 20% of employers offered financial adoption assistance in 2024 - but a qualified adoption assistance program can provide significant tax advantages to employees while helping you stand out as a family-friendly employer. Learn how this underused benefit works and whether it makes sense for your business.
If you own a sole proprietorship, partnership, S corporation, or LLC, your business income flows directly to your personal tax return, making smart midyear planning essential. From permanent tax rate structures and the Section 199A qualified business income deduction to an enhanced employer child care credit, now is the time to act.
A summer road trip should be about the journey, not the fuel bill. From prepping your vehicle before you leave to making smart choices behind the wheel, a few thoughtful decisions can add up to real savings at the pump. Here is what you need to know before you hit the road.
When a closely held business is part of a marital estate, goodwill can be one of the most disputed assets in a divorce. But not all goodwill is treated equally - and the distinction between business goodwill and personal goodwill can significantly affect how assets are divided under the law.
If you split your time between two or more states, you may be surprised to learn that multiple states can legally tax the same income. The distinction between domicile and residency is critical, and the rules are not always straightforward. Understanding your exposure is the first step toward minimizing unnecessary taxes.
The DOL's 2024 overtime rule raised FLSA salary thresholds before courts struck it down. Now rescinded, the prior regulatory framework is restored. But employers should not treat this as a green light to overlook overtime compliance. Exempt classifications, duties tests, and state wage laws all still require careful attention.
A recent federal court decision, Kwong v. United States, has created a potential refund and abatement opportunity for taxpayers who were assessed IRS penalties or interest on federal tax obligations during the COVID-19 federal disaster period (January 20, 2020 through July 10, 2023). The decision remains unsettled, as the government has appealed, but many affected taxpayers cannot wait for the outcome: a formal refund claim or protective refund claim may need to be filed by July 10, 2026 to preserve their rights.
Roth IRAs have been around since 1998, yet many investors still aren't sure how they compare to traditional IRAs or whether they might be the better option. From tax-free qualified distributions to no required minimum distributions after age 73, a Roth IRA offers distinct advantages worth exploring before you decide.
A new baby brings joy, excitement, and no small amount of financial questions. From reviewing your insurance coverage to unlocking tax breaks for childcare and starting an education savings plan, there are smart money moves every expecting parent should make. Here is what you need to know before your little one arrives.
Mission drift can quietly undermine a nonprofit's financial health, fundraising efforts, and donor relationships. Whether the shift is intentional or gradual, understanding how to evaluate mission alignment, manage a formal change, and communicate transparently with stakeholders is essential to protecting your organization's long-term stability and community impact.
