What Causes a Recession? The 3 Main Causes

Business owners and consumers alike dread the word “recession.” Recessions are periods in which many sectors of society face economic decline and many businesses struggle to stay afloat. These periods of economic decline touch nearly all sectors, and small businesses often see the biggest negative impact. In the U.S., under one widely used standard, a …

Buying a Home in a Rising Mortgage Rate Environment: 5 Steps to Make Your Search More Successful

You have worked hard to save up for a down payment, scrimping and saving to get out of that rental and into a home of your own. Now it is time to go house shopping, and right on schedule, mortgage rates start going through the proverbial roof. There is not much you can do to …

10 Tips for Protecting Your Identity from the Emerging Threat of SIM Swapping

When the internet was new, passwords were state of the art in personal protection. Back then, a strong password was all you needed to protect your accounts, your assets, and your identity, but the hackers have learned a great deal in the intervening years.   As hackers got better at guessing passwords and breaking encryption, …

How To Handle Mortgage Recording Tax On Commercial Real Estate

One of the most expensive parts of purchasing commercial real estate is handling the mortgage recording tax. Although this fee is not present in all states, the large percentages and steep mortgage requirements could take potential buyers by surprise. What is a mortgage recording tax, and what should you expect if you are planning to …

Maintaining a Strong Company Culture With Remote Employees: Key Strategies for Leaders

Even before the start of the coronavirus pandemic, businesses worldwide were moving toward remote and hybrid workforces. With the rise in digital technologies and productivity tools, the trend of remote work continues to grow. In fact, by 2028, it’s estimated that 73 percent of all teams will have remote workers (1). This major shift in …

New Technology: Are You Ready to Do Away With Some Passwords and Increase Security?

Some prominent IT industry leaders are pushing to expedite the transition away from device passwords, replacing them by using cell phones as “passkeys.” The plan is to begin by taking advantage of alternative authentication technologies including biometrics that are already built into newer mobile devices and computers. How will mobile device passkeys work? You likely …

Selling a Home As-Is: The Best Way to Sell a Home When You Are the Trustee of a Trust

If you are now the trustee of a trust and an inherited home is one of the assets in this trust, as the trustee or manager of this property, you have a duty to act in the beneficiaries’ best interests. As the trustee, you also have legal title to the assets in this trust and …