The ability to perform financial transactions online offers tremendous convenience, but also exposes assets to theft and cyber fraud. In addition, the internet of things (IOT) which connects home security systems and other smart devices, creates another access point to personal information and assets. As new technology surfaces, the need to protect accounts, home networks, and family members from cyber hazards grows exponentially. With these proactive best practices, you can limit your personal cyber exposure risk.
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In the age of COVID-19 and when more and more positions require duties to be carried out almost exclusively on computers, many employers are offering the option of working from home. This guide provides you with tips and suggestions to help you remain engaged and stay on track with your new working environment. In response to COVID-19, included is a Telecommuting Policy and Procedure that can be updated as appropriate for your organization.
For employers with less than 500 employees who provided benefits under the leave program of Families First Coronavirus Response Act (FFCRA), a separate line of identification and reporting is required on the W-2 Form. Guidance is provided in the IRS Notice 2020-54 to help employers properly report 2020 emergency paid sick leave and expanded family medical leave wages paid to employees under the FFCRA.
With the lifting and re-evaluation of the "shelter in place" orders amid the COVID-19 environment, it is critical to have a responsible plan when restarting business operations. Recommended guidelines for the workplace—including worker health and wellness precautions, COVID-19 testing options, office work considerations, and employee benefits eligibility guidance—are outlined to ensure preparations are made to see through the crisis.
During and post pandemic affluent consumers of all generations will work remotely more often, enabling them to become more digital, and generating more personal data, than ever before. Milton Pedraza, Luxury Institute CEO, shared insights and recommendations on how human emotional intelligence optimized with innovations in advanced personalization through privileged access to personal data, powered by AI, can be implemented to achieve high-performance client relationship building today, and beyond.
While many are still managing the COVID-19 crisis, post-COVID-19 action plans are starting to take shape. Our discussion focuses on unpacking recent tax law changes and the impact on a family office, including key considerations—such as the sale of business goodwill and trust and estate planning—when deciding the entity choice of your operating business.
The CARES Act has brought important tax relief provisions and these, coupled with sophisticated tax planning techniques, are more effective now as asset values and interest rates have dropped. Our discussion focuses on key COVID-19 programs and wealth and tax planning ideas that may benefit your family, including making adjustments to grantor retained annuity trusts (GRATs) to maximize high-basis assets.
The current economic downturn has many business owners rethinking their transition plans and exit strategy. It may feel counterintuitive amid the COVID-19 pandemic, but now is a good time to consider a sale of business. Doing so allows for the kind of preparation that will help position and present the company from a place of strength. Planning well in advance can pay off significantly.
COVID-19 has tested the resilience, creativity and crisis management skills of organizations and governments around the globe. When the dust settles, will your organization have a trove of documents and images to tell the full story of your response to the pandemic? This guide supplies tips for companies, family offices and other organizations to collect, preserve and share valuable memories of this historic event.
As businesses navigate their way through the COVID-19 landscape that includes knowing how to handle complex legal and operational decisions, this roadmap provides details on effective dates and analysis of essential or critical businesses, as well as details the impact of emergency orders across numerous industries.