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What Kind Of Property Owner Are You?

Posted on December 28, 2018 by

You might own a house.  Maybe you own a cabin or cottage, hunting or farm land, or other properties as well.  Regardless of the type of property that you own, the previous owner of the property gave you a deed when you bought the property.  If you bought the property by yourself, the deed named […]

Estate Planning for Blended Families and Second Marriages

Posted on December 28, 2018 by

In today’s world the “traditional family” of a man, woman and their 2.5 children is becoming a lot less common.  The term “blended family” has been coined to describe multiple families that are brought together and integrated into each other.  A blended family can mean that one or both parents bring children from a previous […]

Increased Gasoline Prices Lead to Increase in Optional Standard Mileage Rates for 2019

Posted on December 14, 2018 by

The Internal Revenue Service has announced the optional standard mileage rates for computing the deductible cost of operating an automobile for business, medical, and moving expenses for 2019, and the increased rates reflect the increase in the fixed and variable costs of operating a vehicle.  Effective January 1, 2019, the optional standard mileage rates will […]

Overcome Barriers to Farm Succession Success

Posted on November 16, 2018 by and

Sustaining a farm business over generations is something to be celebrated, but at the same time can be an enormous challenge. Besides the positive economic impact to the local community, there is also a public benefit from land held in farms that would otherwise be fragmented among a multitude of other owners. Studies have shown […]

Farm Succession Planning

Posted on November 15, 2018 by

A huge number of baby boomers have created or continued successful family owned farms. As they approach retirement the future of those farms hinges on their ability to successfully transition to a next generation. Less than 30 percent of family farms successfully transfer to a subsequent generation. A clear succession plan is the most important […]

October OSHA News in Brief – New Interpretation on Drug Testing and Safety Incentives, Targeting Employers Using Form 300A Data, and Limiting Inspection Warrants

Posted on November 6, 2018 by

Three related developments on the OSHA front in October have implications for employers.  First, OSHA has walked back its previous interpretation of the anti-retaliation rule it implemented in 2016.  That rule prohibits employers from retaliating against employees for or discouraging them from reporting on-the-job injuries and illnesses.  OSHA had interpreted the rule, controversially, as prohibiting […]

Expanded Examination Cycle

Posted on November 5, 2018 by

The OCC, the Board of Governors of the Federal Reserve System, and the FDIC published an interagency interim final rule effective August 29, 2018.  The interim final rule amends the regulations governing eligibility for an 18-month on-site examination cycle.  Under the interim final rule, qualifying depository institutions with less than $3 billion in total assets […]

2019 Qualified Plan Cost of Living Increases, 2019 Social Security Taxable Wage Base

Posted on November 2, 2018 by

On November 1, 2018 the Internal Revenue Service announced the cost-of-living adjustments for the various qualified retirement plan limits. The vast majority of the limits shown below have increased from last year. Qualified Plan Limit Cost-of-Living Adjustments 401(k) and 403(b) elective deferral limit 2018-$18,500 2019-$19,000 $200,000 compensation limit 2018-$275,000 2019-$280,000 $160,000 defined benefit limit 2018-$220,000 […]

CMS Proposes Rule to Ease Compliance Requirements

Posted on October 22, 2018 by

Last month, the Centers for Medicare and Medicaid Services (CMS) announced a proposed rule designed to, in CMS’s words, “relieve burden on healthcare providers by removing unnecessary, obsolete or excessively burdensome Medicare compliance requirements for healthcare facilities”.  CMS estimates that the annual savings to healthcare providers would be $1.2 billion. The proposed rule is some […]

The Wisconsin Homestead Exemption

Posted on September 25, 2018 by

Farmers may have wondered how a neighbor or someone else filing bankruptcy can keep his or her house. The answer is exemptions. Exemptions are assets that can be kept from unsecured creditors. The Wisconsin Legislature didn’t want debtors on the street with no assets so it created exemptions. The Wisconsin homestead exemption allows a debtor […]