In the realm of business, the terms “leadership” and “management” are often used interchangeably, but they represent distinct approaches that play crucial roles in the success of an organization. While both are essential, understanding the differences between leadership and management can unlock new perspectives on how to effectively guide teams, drive innovation, and achieve organizational goals. In this article, we explore the nuanced differences between leadership and management and delve into the unique contributions each makes to the dynamic business landscape. Leadership: Guiding with Vi ..read more

Don’t let common money myths stand in the way of pursuing your financial goals. Just because a belief is widespread doesn’t mean it’s true. Take our quiz to see if money myths may be sidetracking your financial success. True or False? Money management strategies are for the rich only. False. Anyone can benefit from basic financial strategies, such as budgeting, regular investing plans, and debt management. I’m too young to plan my finances. False. It’s never too early. Even children can benefit from simple money management strategies. Planning for the future is all about planning for retiremen ..read more

You may not think about taxes often, but they can prove to be a large expense. That’s why it’s important to make the most of any opportunities you may have to lower your tax liability. Here’s a look at some of the factors you may want to consider in your planning. Standard Deduction or Itemizing The Tax Cuts and Jobs Act (TCJA) contained many provisions that will be in place through the 2025 tax year. For example, there are significantly higher standard deductions for each filing status and various itemized deductions have been reduced or eliminated. As a result, many people who previously ite ..read more

It is not uncommon for an individual to remarry after a divorce or the death of a spouse. Remarrying is in many ways an affirmation of faith in the future and of hope for happier times. While you may not feel comfortable thinking about your own mortality if you have recently remarried, it makes sense to look into ways that you can ensure that your new spouse and your children will be taken care of financially should anything happen to you. Remarriage will require you to revisit and reevaluate your estate planning strategies. Here are some important considerations. Who Will Benefit from Your As ..read more

Motivated employees typically perform at a higher level than employees who are disengaged from their work. They are willing to go beyond their job description to see a project through to completion. Very often, their enthusiasm inspires and pushes coworkers to excel. Certain strategies can help foster a culture of motivation and enthusiasm within the workplace. When consistently applied, they can motivate previously disengaged employees while supporting employees who are already self-driven and motivated. Here are five such strategies. Communicate Corporate Goals Engaged employees work toward ..read more

Running a small business comes with a multitude of responsibilities, and one crucial aspect is managing taxes. Small business owners often find themselves grappling with the complexities of the tax system, from understanding different tax obligations to maximizing deductions. In this article, we’ll delve into the world of small business taxes, offering insights and tips to help entrepreneurs navigate the tax landscape more effectively. Different Types of Small Business Taxes Small businesses are subject to various types of taxes, each with its own rules and regulations. Some common types of ta ..read more

As the vibrant colors of autumn paint the landscape, the fall season invites us to reflect on the changes in nature and consider the changes we can make in our own lives. Estate planning, often overlooked, is a vital aspect of ensuring a secure future for your loved ones. Just as leaves fall and transition, estate planning in the fall season presents an opportunity to make necessary arrangements. In this article, we’ll explore why fall is an ideal time for estate planning and offer valuable tips to help you navigate this important process. Why Fall is an Ideal Time for Estate Planning Fall ser ..read more

Cryptocurrency, once a niche concept, has now become a significant player in the world of finance and investing. Born out of the desire for decentralized and borderless transactions, cryptocurrencies have rapidly evolved from mere digital tokens to complex financial instruments that can be both revolutionary and highly risky. In this article, we’ll delve into the world of cryptocurrency and explore the nuances of investing in this exciting, yet volatile, asset class. Understanding Cryptocurrency At its core, cryptocurrency is a digital or virtual form of money that uses cryptography for secure ..read more

Your most valuable asset isn’t your real estate or the tech stocks you bought in the 90s that have done well. It isn’t even your business per se. Your most valuable asset is you — specifically your ability to run a profitable company and make money. Are you protecting that asset from the risk that a disabling illness or accident might prevent you from working? If you don’t have disability income insurance, you’re not protected. What Are the Odds? People generally think the odds of becoming disabled are low. But the numbers say otherwise: More than one in four 20-year-old workers become disable ..read more

Tax deductions aren’t the only things to consider when looking for ways to reduce your tax bill. There are a number of tax credits that you may be able to claim. A tax credit reduces your tax liability dollar for dollar (and, in some instances, may be fully or partially “refundable” to the extent of any excess credit) Child-Related Credits In 2022, parents of children under age 17 may claim a child tax credit of up to $2,000 per qualified child. The child tax credit is phased out for higher income taxpayers. A different credit of up to $14,890 (for 2022) is available for the payment of qualifi ..read more