By Patrice Mastrianni

When we “make the draft” to join a new business team we are pumped up right out of the gate. The rush of mastering new job skills, learning the needs and wants of your teammates, and throwing your ideas in the ring are very energizing …  at least in the first quarter.

As time goes on, we settle into a routine and operate at a steady pace or, in the worst-case scenario, play a critic from the sidelines. Normal game changers, like having to perform tasks not on your job description, tolerating an irritating coworker or dealing with economic ups and downs, deflates our drive in no time.

It’s in every employer’s best interest to make sure their team stays on track and each member is in a position that best fits their skills. It’s the captain’s job to make sure no one sits on the bench and everyone focuses on the same game plan.

Keeping your group driven requires ingenuity and diligence. However, budget restraints and day-to-day business demands can often get in the way of a consistent team-building program. Team exercises can be as ambitious as a full-day golf outing or as small as interoffice games that engage departments or individuals in problem solving, communication and collaboration.

By Kevin M. Hedley, MS, CPA, PFS

As is often quoted “Our new Constitution is now established, and has an appearance that promises permanency; but in this world nothing can be said to be certain, except death and taxes.” (Benjamin Franklin, 1789)

With that said, this year is certainly no different. The uncertain part is of course how much if at all our taxes will change this year with a new administration.

President Trump has discussed some new personal tax rates. His suggested tax rates and breakpoints for married-joint filers would be: Less than $75,000, 12 percent; more than $75,000 but less than $225,000, 25 percent; and more than $225,000, 33 percent. Brackets for single filers would be half of these amounts. These three rate brackets would replace our current seven rate brackets which go as high as 39.6 percent.

In addition to the changes in rates he has also called for some other drastic changes including, but not limited to: the Affordable Care Act, 3.8 percent tax on investment income would be repealed; the alternative minimum tax (AMT) would be repealed; the standard deduction for joint filers would increase to $30,000 and the standard deduction for single filers would be $15,000; Personal exemptions would be eliminated; head-of-household filing status would be eliminated; itemized deductions would be capped at $200,000 for married-joint filers and $100,000 for a single filer; standard corporate tax rate would be reduced to 15 percent from the current 35 percent.