The Health Insurance Portability & Accountability Act
In 1996 "The Health Insurance Portability and Accountability Act" (HIPAA) was enacted by the U.S. Congress. The act was instated primarily to protect health insurance coverage for workers and their respective families when their is a loss or change of employment. This is outlined in Details in Title I of HIPAA Act.
Document Shredding: ‘Destroying’ The Things That You ‘Value’
What do the following industries have in common?
Financial service (brokerage)
The answer: The above-mentioned industries regard information as a very important aspect of their operations. They are information-sensitive – they have a need to ensure that important and confidential data are secured and protected at all times.
What data ar...
Family Business Tax Reduction.
The Federal Estate Tax is one of the most burdensome of all taxes. After applying the "credit equivalent amount" that is exempt from tax, the initial marginal tax rate is 37%! With "phase-outs," the marginal tax rate may be as high as 60%! (For each additional $1 transferred, your estate must pay up to 60 cents in tax.)
The good news is that, with proper planning, a significant portion of the estate tax may be deferred or avoided.