Many people, including lawyers, confuse two very different government programs for disabled persons. Although both are overseen by the Social Security Administration (SSA), there are some significant differences both in how the programs are funded, and to whom the money is distributed. Social Security Disability Income (SSDI) SSDI is a program for disabled persons. It… Read More »
Blog Posts Page 10
Your Family Small Business Succession Plan
When your business succession planning involves family, a whole new set of variables need to be thought about. In some ways, it is easier when you have family to leave your business to, in other ways it can be way more difficult as you add family dynamics to the mix First of all, some statistics:… Read More »
Do You Need A Business Succession Plan?
Once you’re past the startup phase of your small business, it is time to start thinking about your business succession plan. If you are years from retirement, this may be the last item on your to-do list. You surely have enough to do in your daily operations without building in time to work on the… Read More »
Using an Online LLC Incorporation Service
This past month, I have had numerous Long Island clients calling me and asking me to fix their corporations and LLC’s that they ordered and paid for online. It seems that these online documents come complete with any number of their forms left blank. I have seen two this week where the first page of… Read More »
Why Use a Special Needs Pooled Trust?
When is it appropriate to choose a pooled supplemental needs trust instead of an individual special needs trust? A pooled trust has many of the same purposes as an individual supplemental needs trust. A pooled trust is established to provide for a beneficiaries’ supplemental needs without jeopardizing the disabled person’s government benefits. Funds that are… Read More »
Improving I.Q. for Autistic Toddlers
An exciting new study has shown that an intensive behavioral intervention raises the I.Q. level of toddlers diagnosed with autism spectrum disorder (ASD). This study, reported by Pediatrics, the official journal of the American Academy of Pediatrics, compared 48 children diagnosed with ASD by placing the children in one of two controlled groups. Early Start… Read More »
Special Needs Trusts and Personal Injury Settlements
When a disabled person receives a personal injury settlement, it is often a good idea to set up a Supplemental Needs Trust to receive those monies in order that any public benefits the disabled person receives not be disrupted or lost altogether. Money received in a personal injury lawsuit are considered to belong to the… Read More »
Free Tax Calendar for Small Businesses
In its continuing efforts to help small businesses and the self-employed, the Internal Revenue Service (IRS) has designed a tax calendar filled with useful nuggets of advice and tips for the small business owner. Not only is the calendar useful, it is even cute, featuring a gardening theme. to help small businesses “cultivate sound business… Read More »
Are Schools Prepared for an Increase in Autism-Related Special Needs?
The reported rate of autism spectrum disorders (ASD) has significantly increased and is now expected to affect 1% of children ages 3 to 17, or approximately 1 in every 100 children, according to two recent major studies. Both the Centers for Disease Control and Prevention (CDC) and a study published in the journal Pediatrics indicate… Read More »
Obama Calls Small Business The Little Engine that Could
President Obama gave a speech Thursday directed towards small business owners, calling them “the engine of job growth in America.” In his continuing efforts to get the nation behind his health care initiative, Obama addressed not only small business owners and organizations from across the country but also members of the U.S. Chamber of Commerce… Read More »