St. Paul, MN – March 13, 2021 – Dr. Artika Tyner, Ed.D., M.P.P., J.D. and founder of Planting People Growing Justice™ Leadership Institute (PPGJLI), has been named as a 2021 “40 Under 40” honoree by the Minneapolis/St. Paul Business Journal (MSPBJ). Each year the MSPBJ editors select 40 leaders under the age of 40 that have demonstrated outstanding professional achievement, while finding time to give back to their communities.

“It is a great honor to serve as a lifelong educator,” said Tyner. “Through my teaching, research, and books, I seek to train and inspire the next generation of leaders. I am grateful to MSPBJ for the recognition and humbled to be honored amongst such an esteemed group of colleagues.”

Tyner is a civil rights attorney and law professor. She’s a highly-sought speaker and author of a number of books for professionals, as well as a well-loved author of children’s books that promote literacy, diversity, equity, and inclusion.

As the founder of the non-profit PPGJLI, she’s worked tirelessly to inspire the next generation of leaders by planting the seeds of social change through education, training, and community outreach. The PPGJLI gives children the tools to make a difference in the world. The organization works to end the school-to-prison pipeline, address opportunity gaps, and promote literacy.

Tyner’s award-winning book, “Justice Makes a Difference: The Story of Miss Freedom Fighter, Esquire,” is used in classrooms worldwide to promote youth leadership development and service learning. Tyner created the PPGJLI Bookstore that features diversity in books with a focus on leadership development, cultural appreciation, and career exploration. The extensive collection of books enables children of color to see themselves in the stories they’re reading. Many of the highlighted books received prestigious literary awards.

Some of the newest additions to the bookstore is The Fight for Black Rights series (Alternator Books®) published by Lerner Books. Tyner was asked to write three books in the series – “Black Lives Matter: From Hashtag to the Streets,” “Black Voter Suppression: The Fight for the Right to Vote,” and “Vigilante Danger: A Threat to Black Lives.”

Being named as a 2021 “40 Under 40” honoree by the Minneapolis/St. Paul Business Journal (MSPBJ) is a testament to Tyner’s work within the community. Her efforts are having a ripple effect for children in such far away locations as Ghana and she’s become an inspiration for children, parents, and educators around the world.

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About Dr. Artika Tyner

Dr. Artika Tyner is the founder of Planting People Growing Justice® Leadership Institute. She’s a passionate educator, author, and advocate for justice. An engaging speaker and dynamic presenter on leadership, civil rights, diversity and social justice topics, Dr. Tyner has helped audiences and organizations across the globe gain new tools for leading social change. Her goal is to teach, educate and inspire. Connect with her on LinkedIn, Twitter, Facebook, Instagram and YouTube.

About Minneapolis/St. Paul Business Journal

The Minneapolis/St. Paul Business Journal is the No. 1 source of business news and events in the Minneapolis area. It’s part of the American City Business Journals network, connecting the business community with breaking news and features in its daily Friday Weekly Edition, daily Morning Edition, and Afternoon Edition email newsletters. Connect with them on Twitter, Facebook and LinkedIn.

Media Contact

Jacklyn Milton

Administrative Director

Phone: (443)-604-0532

Email: plantingpeoplegrowingjustice@gmail.com

Website: www.ppgjli.org

USA, March 12, 2021 Have you made any plans to distribute your assets and take care of your family when you die or become incapacitated? If you have, you probably used a will or joint ownership. If you have not prepared a will, the state in which you live has provided for the distribution of your estate assets by law.

Each of these methods and provisions have hazards associated with them which sooner or later will lead to expenses which can deplete your estate, namely probate and estate taxes. You want as much of your hard-earned assets to go directly to your loved ones as possible, without unnecessary costs or delays.

Failing to plan for your estate can mean that the government and lawyers, rather than your heirs, may get the major portion of your hard money. Why? Because the top estate tax rate is an astounding 55%! Further, probate costs can take from 5% to 25% of the gross value of your estate, and the probate process routinely takes at least a year, often longer. This is an extremely difficult and frustrating experience for your surviving family members.

It is not effective estate planning to put everything you own into joint title or have a will leaving everything to your spouse. You need to review your total financial position and project what probate costs you, or your loved ones, would pay if you altered nothing.

With A Living Trust You Can:
1. Avoid all probate delays and related costs – both financial and emotional.
2. Eliminate or reduce taxes.
3. Have complete flexibility – the trust can be changed or canceled at any time.
4. Keep control of your assets, even at times of incompetency and after your death.
5. Prevent a conservatorship at physical or mental incapacity.
6. Preserve your privacy – it is completely confidential.
7. Allow for quick distribution of assets to beneficiaries.
8. Save time, money, and future heartache for your loved ones. Trusts are inexpensive, easy to setup and easy to maintain.

Reference the following chart that clearly explains the different options and consequences in planning of your estate administration. In addition, we strongly recommend you contact our office to discuss these issues in further detail at (520) 797-1400. There is no charge for this consultation.

https://altaestate.com/trust-estate/advantages-of-a-living-trust/

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Media Manager
ALTA
+1 (520) 797-1400
Mark@altaestate.com

Several U.S. senators have proposed new legislation in an effort to raise $3 trillion in tax revenue over the next decade.¹ Called the Ultra-Millionaire Tax, this new proposed legislation comes in direct response to the economic turmoil Americans have experienced throughout the COVID-19 pandemic.

Senator Elizabeth Warren described the necessity for such revenue saying, “As Congress develops additional plans to help our economy, the wealth tax should be at the top of the list to help pay for these plans because of the huge amounts of revenue it would generate.”¹

The majority of Americans would not see a direct impact from this proposed wealth tax. But for those it would affect, this could greatly increase their tax obligation in the future. If you’re concerned, here’s what you should know about this potential change.

What Is Being Proposed?

Several senators proposed the Ultra-Millionaire Tax Act on March 1, 2021. This tax legislation would impact 100,000 households, or those considered to be in the top 0.05 percent of wealth earners in America.¹ More specifically, the Ultra-Millionaire Tax Act is a wealth tax that would affect those with a net worth of $50 million or more.

Affected ultra-high-net-worth families would be taxed as follows:

• Two percent annual tax for those with a net worth of $50 million to $1 billion.
• Three percent annual tax (two percent plus one percent surtax) for those with a net worth of $1 billion or more.

What Is a Wealth Tax?

With income tax, the individual is taxed on how much they made during the previous year in taxable income (such as a salary, retirement account withdrawals, interest, etc.).

Wealth tax, on the other hand, is an annual tax that is applied toward an individual’s actual net worth – as opposed to the income earned over that year.

Do Wealth Taxes Currently Exist?

Several states have proposed wealth taxes in the past. In 2020, California introduced a wealth tax for residents (and former eligible residents) with a net worth of $30 million or more. The proposed legislation, however, has not moved forward.

Several states currently have a “millionaire tax” implemented, which is based on an individual or family’s taxable yearly income.

What Should Ultra-High-Net-Worth Families Do to Prepare?

Learning that you may be faced with an additional tax burden never feels good. But the reality is, there’s no guarantee of when, or if, this proposed legislation will be passed into law. Those concerned about the potential tax obligations should work with their financial planner or tax professional. Familiarize yourself with the details of the proposed wealth tax, as well as any anti-evasion and avoidance measures proposed as well.

Preparing yourself and your finances ahead of time may help ease potential tax burdens – or help you determine how you may be able to lower your tax obligation. Discuss your concerns with your trusted financial professional as you continue to monitor this proposed legislation.

1. https://www.warren.senate.gov/imo/media/doc/Wealth%20Tax%20Bill%20Text.pdf

This content is developed from sources believed to be providing accurate information, and provided by Twenty Over Ten. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.

https://silverman-associates.com/blog/a-federal-wealth-tax-has-been-introduced-in-the-senate-heres-what-affluent-families-need-to-know

Silverman + Associates Wealth Management, LLC

Contact info:
Phone: 520-512-8832

USA
Email: mark@silverman-associates.com

Working with a trusted financial professional is important when it comes to strategizing and preparing to meet your financial goals. But as most of us handle money on a daily basis, it’s important to have an in-depth understanding of the fundamentals of financial literacy. Below we’ve identified five financial basics everyone should know. Understanding these important concepts can serve as a basis for your financial standings.

Basics #1: Debt & Credit Scores

Understanding the ways in which credit or debt can work with or against you should serve as the foundation of your financial knowledge. First and foremost, it’s not wise to avoid credit or debt altogether out of fear or intimidation. Instead, it’s important to have a firm grasp on your financial standings and a plan for tackling debt responsibly.

Debt

When used correctly, debt can be useful. But when misused, it can spiral out of control fast. Missed payments can accrue interest or penalties and may impact your credit score in a negative way. Debt that is managed responsibly can help you reach important goals like buying a car, purchasing a home, going to college, starting a business and more.

Credit Score

Your credit score is one of the factors lenders use to judge your trustworthiness and qualification for mortgages, auto loans and other lending opportunities. Landlords and employers may also check your credit before renting to you or offering you a job. Your credit score is dependent on a number of factors including previous credit history, current debts, history of payments and more.

Basics #2: Interest

There are two sides to interest that can make it a tricky concept to grasp – interest accrued on debt and interest accrued on savings.

When you take on debt (like credit card debt, an auto loan or mortgage), you’ll be responsible for paying back both the principal amount and the interest accrued on the loan. The interest is how a lender makes money on the loan and provides the borrower with an incentive to pay the loan back in full and on time.

When you have a savings account that accrues interest, the interest earned gets added to the principal. Then, interest is earned on the new, larger principal, and the cycle repeats. This is called compounding interest, and it can be an integral part in growing your retirement savings – as the longer the interest has to compound, the greater the savings will grow.

Basics #3: The Value of Time

As a general rule of thumb, it’s never too early to start saving – for retirement, homebuying, a child’s education or whatever could be coming down the line. The earlier you start saving, the more you’ll be able to tuck away over time – especially with the power of compounding interest. This leverages the value of time to your advantage.

Basics #4: Inflation

Inflation has the potential to eat away the purchasing power of your money. That means, with inflation, the dollar you earn today may not be worth a dollar in the future. Below are two important concepts to remember regarding inflation.

Cash in a Mattress

Keeping all your cash under a mattress is not only unsafe, it literally costs you money. Assuming the annual rate of inflation is a hypothetical two percent, every dollar you keep under your mattress and not earning interest would shrink in value to $.98 next year.

Rate of Return

Because inflation erodes the purchasing power of your money, any returns you earn on your accounts may not be the “real” rate of return. If your account earned a hypothetical six percent rate of return over the last year, but inflation was 1.5 percent, your real rate of return was 4.5 percent.

Basics #5: Identity Theft & Safety

Especially as the world shifts to doing everything virtually, identity theft remains one of the biggest threats to financial and personal security. A cracked password or misplaced Social Security number can have big consequences on your current and future finances.

The common wisdom is to use a unique password for each site or service you use. A password manager can make this easier by generating and storing strong passwords automatically.

While this is a brief overview of some important financial basics, it’s important to work with your trusted financial professional to explore these topics further. Remember to reach out if you have questions about any financial basics, and take this month to reevaluate your current financial knowledge as you identify potential areas for improvement.

https://silverman-associates.com/blog/april-is-financial-literacy-month-do-you-have-these-5-finance-basics-down

Contact info:
Phone: 520-512-8832
Email: mark@silverman-associates.com

Good coaches know how to break down performance into its critical individual components. In sports, coaches focus on mechanics, conditioning and strategy, and have ways to break each of those down. Coaching aimed at improving the performance of business professionals is less common.

Coaches provide outside eyes and ears to make you aware of where you’re falling short. This is tricky. Human beings resist exposure and critique; our brains are well defended. So coaches use a variety of approaches — showing what other, respected colleagues do or reviewing videos of your performance. The most common, though, is conversation.

Good coaches speak with credibility, make a personal connection and focus little on themselves, listening more than talking. Guidance for professionals has been treated as a luxury, but coaching may prove essential to the success of modern society, because given the pace of change, to be agile and adapt quickly, we often need help making the turn.

You could think about coaching as re-sculpting something that already exists. Coaches:

• Work with subjects to increase their abilities.
• Build on foundational knowledge and skill.
• Mold and adjust.
• Offer hands-on, personalized training.
• Base their suggestions on real-time proficiency.
• Use real-world applications.

There are different approaches to coaching: 

• Adaptive coaching is goal oriented and balances the personal and practical needs of the person being coached. This method doesn’t create a long-term relationship with the coach but focuses on what challenges exist and how to overcome them. The coach emphasizes your strengths, providing support and resources to shore up development areas and create the confidence needed to explore what needs to be done.
• Executive coaching helps senior leaders by allowing thinking space and offering a sounding board to think through issues and generate new ideas. It’s often as much about personal growth as business growth and can be transformational. It redefines purpose — what’s important personally.
• Leadership coaching helps leaders improve by understanding the organizational and corporate cultural issues that can impact someone in a leadership position. The coach would have a blend of business experience and understanding of psychology and organizational cultures and systems.
• Career coaching focuses on your career and career development. It uses advising, consulting and mentoring, and often may use some psychometric tools to help you gain insight into your career preferences. It can focus on how personality impacts career choice. Some recruiting companies provide this as a value-added service to candidates.
• Team coaching helps the team achieve superior performance while trying to create more fulfilling lives for team members. The coach acts as a catalyst to address not only what the team does but also how they do it. It may incorporate facilitation and consulting skills.
• Business coaching provides support, feedback and advice to an individual or team to enable improvement in personal performance in a business setting.
• Systemic coaching focuses more on changing the organization itself and the entities that operate within it.
• Life coaching focuses on the development of an individual. It may incorporate psychology, neuroscience, sociology, adult development and career development.

Elite performers engage in deliberate practice — sustained, mindful efforts to develop the full range of abilities that success demands. Expertise requires going from unconscious incompetence to conscious incompetence to conscious competence and, finally, to unconscious competence.

Coaching done well may be the most effective intervention designed for human performance. A determined effort to introduce coaching could employ the growing pool of retirees as a ready reserve of accumulated experience and know-how.

https://flowersrieger.com/

https://www.facebook.com/FlowersRiegerCPA/

An offer in compromise allows you to settle your tax debt for less than the full amount you owe. It’s an option if you can’t pay your full tax liability or if doing so would cause you financial hardship. What’s considered by the IRS in allowing an offer in compromise?

• Ability to pay.
• Income.
• Expenses.
• Asset equity.

The IRS says that it generally approves an offer in compromise when the amount offered represents the most the agency can expect to collect within a reasonable period. The agency advises that you explore all other payment options before submitting an offer in compromise.

The IRS has posted an OIC Pre-Qualifier that confirms your eligibility and prepares a preliminary proposal.

You’ll also find step-by-step instructions in the Offer in Compromise Booklet, as well as Form 656-B for submitting an offer. Your completed offer package will include:

• Form 433-A (OIC) (individuals) or 433-B (OIC) (businesses) and all required documentation as specified on the forms.
• Form 656(s) — individual and business tax debt (Corporation/LLC/Partnership) must be submitted on separate Form 656.
• The $205 application fee (nonrefundable).
• The initial payment (nonrefundable) for each Form 656.

Your initial payment will vary, based on your offer and the payment option you choose:

• Lump sum cash — An initial payment of 20% of the total offer amount. If your offer is accepted, you’ll receive written confirmation. Any remaining balance due on the offer is paid in five or fewer payments.
• Periodic payment — Monthly installments while the IRS considers your offer. If accepted, continue to pay monthly until you’ve paid in full.

If you meet the Low-Income Certificate guidelines and your offer is being evaluated, there’s no application fee or initial payment required. You won’t need to make monthly installments either. Your application package will fill you in with more details.

Understanding the process

While your offer is being evaluated:

• Your nonrefundable payments and fees are applied to the tax liability — you may designate payments to a specific tax year and tax debt.
• A notice of Federal Tax Lien may be filed.
• Other collection activities are suspended.
• The legal assessment and collection period is extended.
• Make all required payments associated with your offer.
• You aren’t required to make payments on an existing installment agreement.
• Your offer is automatically accepted if the IRS doesn’t make a determination within two years of the IRS receipt date.

If your offer is accepted:

• You must meet all the Offer Terms listed in Section 7 of Form 656, including all required tax returns and making all payments.
• Any refunds due within the calendar year in which your offer is accepted will be applied to your tax debt.
• Federal tax liens aren’t released until your offer terms are satisfied.
• Certain offer information is available for public review by requesting a copy of a public inspection file.

If your offer is rejected:

• You may appeal a rejection within 30 days using Request for Appeal of Offer in Compromise, Form 13711.
• The IRS Independent Office of Appeals provides additional assistance on appealing your rejected offer.

The process can get complex, and an OIC might not be your only or even your best option. If you’re having tax problems, work closely with a qualified financial professional.

Company Name: Flowers-Rieger & Associates, PLLC

Country: USA

Contact Details:
Phone: (520) 327-8706
Appointments: https://flowersrieger.com/