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Business Perks

It is not uncommon for self-employed parties or parties with ownership interests in a business to have some expenses paid for by the business. Examples may include paying their cell phone bill, car payments or repairs, travel expenses, entertainment costs, membership dues, etc. Many of these expenses can subsequently be deducted as legitimate business expenses […]

Stock Options as Income

Stock benefits are often given to employees as part of their compensation or as an incentive to remain with the company. One of the factors to consider when dealing with stock benefits is whether the benefits are vested or not. Vesting is when all restrictions on the exercise of stock benefits are lifted. Each employer […]

Changes to Income

Once a support order is established each party is under a continuing obligation to notify the court of any changes income, employer or employment status. Changes income may impact the support order under the guidelines as the amount of support varies based on the income bracket the parties fall into. A reduction income does not […]

Income for Support

Each party’s monthly income is evaluated for the purposes of determining an appropriate support order. Pennsylvania Rules of Civil Procedure dictate that each party’s monthly gross income based on at least a six-month window should be ascertained first. For purposes of support gross income includes all wages or salary, bonuses, commissions, business income, rental property […]

Personal Perks

The issue of how personal perks are being paid often arises when dealing with a self-employed party. Examples of personal perks provided at the expense of the company may include cell phone payments, car payments or repairs, entertainment, meal expenses, travel expenses, country club dues, and other comparable expenses that primarily benefit the individual. These […]