So you won an employment lawsuit. What does that mean for your tax return come April? How do the tax laws relate to the tax on money settlements and damage awards? Employment legal actions are complex and can sometimes seem unfair. The following factors help to determine the actual taxation of the award:
When Borrowing Gets More Expensive: How Rising Interest Rates Are Impacting Small Businesses
Rising interest rates are increasing borrowing costs and cash flow pressure for small businesses. Learn how to adjust before the pressure builds.