Affluent business owners enjoy their work so much that 43% want to work until age 70 or beyond. That’s nearly double the percentage of affluent Americans who don’t own a business and want to work past 70, according to a PNC Wealth Management survey. But while the fire still burns for those business owners, only 33% of them have a succession plan in place for their businesses (77% say they have a will).
Payroll tax audits are increasing at both the state and federal levels. And the IRS has launched what experts are calling “the most significant audit initiative in decades” aimed at fringe benefits, exec comp and payroll taxes....Click here to find out more.