• Structured Settlement Annuities What You Should Know

    Lottery annuity

    Winning the lottery typically brings up a lot of pleasant images: no more work, no more car payments, no more worries. Though that is the case much of the time, the fact is winning the lotto isn’t as convenient as you would think. Almost half of all lotto winners in the United States still have to work after they win. Half. Why is this? Because lotteries typically do not pay the winners all at once. Instead, they opt to pay in installments. The Mega Millions lottery, for example, dolls out the winnings for a good 30 years: one initial lump sum payment and 29 subsequent payments, each one 5% bigger than the last. And that’s not to mention the fact that the government taxes up to a quarter of the winnings. Winning the lotto may be everyone’s dream but when it comes down to brass tax, will y Continue Reading

  • The 3 Most Impossible-to-Ignore Reasons to Consider Getting Cash for Your Settlement

    Selling a structured settlement

    In the vast majority of legal cases — anywhere from 80 to 92% — a settlement is involved in some capacity. In fact, more than 90% of cases that go to trial end in a victory for the plaintiff.

    So if you’ve recently been awarded money in a lawsuit, worker’s injury case or any other form of legal compensation, you’re certainly not alone. In most cases, you won’t get all your settlement money at once. You will most likely get your settlement money in a series of structured payments that you’ll receive over the span of a few decades.

    However, a growing number of companies will buy the rights to these structured settlements, giving people just like you the lump sum of their settlement. Because of this, more and more people are looking to get cash for settlements rather than wait for thei Continue Reading

  • What Happens When You Add Canadian Employees To The Payroll

    Online medical record services

    When it comes to Canadians working in the U.S., unfortunately things are far from straightforward. Tax laws can — and often do — make a mess of everything, and it can be very time-consuming and complicated for a U.S. employer to tackle these legal nuances on its own. Here are some things you need to know, and a few reasons why it may be easier to hand the responsibility over to outsourced payroll processing services:

    All Taxes Are Not Created Equal

    Unfortunately, when it comes to Canadian payroll tax — there is rarely a general rule of thumb. While a select few are pretty much the same throughout the country and the provinces, many differ (and sometimes significantly) by province. Instead of working out which territories owe Employer Health Tax (E Continue Reading