Working in another country can be an exciting and life-changing — but also fraught — experience. If you’re thinking about becoming an expatriate, here are a few things to consider first. The United States government reserves the right to tax your worldwide income. The country in which you work, with some notable exceptions, also taxes […]
Does your company sponsor a qualified retirement plan such as a 401(k)? Are you aware of your responsibilities and associated risks? Does the word fiduciary mean anything to you? It should. What is a fiduciary? Here’s one definition from the Consumer Financial Protection Bureau (www.cfpb.gov): “…someone who manages money or property for someone else. When […]
Is membership in an airport or airline lounge program worth the expense? Depending on your travel reasons and frequency, the answer could be a resounding yes or equally definitive no. As a frequent flier for 40 years, I maintained a lounge membership because of the features that supported my travel needs: a quiet place to […]
Have you ever rushed through the airport to catch a flight only to run into a jammed security screening hall? Does the thought of spending an hour or more in a security line make you want to scream? The simplest way to get through security as quickly and painlessly as possible is to enroll in […]
People entering the job market, re-entering the workforce or considering a career change can often benefit from an apprenticeship. Properly planned, structured and implemented, apprenticeships provide advantages to participants as well as their employers. If you decide to explore the possibility of offering an apprenticeship, Apprenticeship Colorado offers an excellent place to start looking for […]
During the conversion to remote work during the COVID-19 pandemic, many small businesses might have dropped workers’ compensation insurance. Working remotely didn’t preclude the requirement to carry workers’ comp, but many employers stopped the coverage as a cost-saving mechanism. As more workers return to the office or job site, you should think about resuming this […]
Is that person working for you an independent contractor or employee? Before you make the wrong classification, visit the Internal Revenue Service website at www.irs.gov and check out the tax tips section. According to the IRS, the way to determine whether someone is a contractor or employee depends on three factors: Behavioral control. Does the […]
Travel has returned with a vengeance. Airports, including Denver International Airport, have seen record numbers of passengers passing through checkpoints. At the same time, though, there aren’t enough screeners or security lines, airports are remodeling and expanding, pilots and air traffic controllers are retiring in droves, flight attendants are over-worked and passengers are short-tempered Add […]
Many older and lower-paid employees could be eligible for health insurance from several sources in addition to group plans. Examples include Medicare and Medicaid. According to www.medicare.gov, if someone has Medicare and such other health insurance as a group plan, retiree coverage or Medicaid, each type of coverage is called a “payer.” When there’s more […]
Much like real estate, there are both objective and subjective considerations when valuing your business. Overvalue it and run the risk of finding no buyers. Undervalue it and leave money on the table. Fortunately, resources and professionals are available to help you make a reasonable estimate of the value of your business. The value of […]