Archive for February 2016
Your Group Life Insurance May Be Taxed
According to the IRS life insurance provided by an employer may be taxed. The following information is provided directly from the IRS website: Group-Term Life Insurance Total Amount of Coverage IRC section 79 provides an exclusion for the first $50,000 of group-term life insurance coverage provided under a policy carried directly or indirectly by…
Read MoreEMV Fraud Liability Shift
The fraud liability shift is already in affect. You may have noticed over the last few months most of your credit cards have been upgraded to the new chip technology. This upgrade helps protects consumers and businesses by making it virtually impossible to replicate and create counterfeit credit cards. However, for business owners that have…
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