2 results for tag: Divorce


2022 Last-Minute Year-End Tax Strategies for Marriage, Kids, and Family

If you have children under the age of 18 and you file your business tax return as a proprietorship or partnership, you can find big savings in the work your children do for your business. And if you operate as a corporation, don’t neglect to hire your children; there are good savings for you there, too. In this article, you will find five year-end tax-deduction strategies that apply if you are getting married or divorced, have children who did or could work in your business, and/or have situations where you give money to relatives and friends. 1. Put Your Children on Your Payroll Did your children under age 18 help you in your ...

Women: After the Divorce

Three-quarters of retirement age divorced people need to have a better understanding of how to manage their finances, but women are doing a better job than men, according to a new survey of CPA financial planners.   A survey, by the American Institute of CPAs and backed by Lapeer County Family Law Attorneys, found that female Customers are much more likely to exhibit positive financial behaviors after a divorce than their male Customers are. Women are twice as likely to seek out a job (40.2 percent for women, compared to 20.6 percent for men) and increase their savings toward retirement (41.3 percent for women, compared to 16.4 percent for ...