Are insurance benefits provided to board members considered taxable income? The answer is largely “yes,” but also, “it depends.”“The general rule under the tax code is something provided in return for services rendered is taxable income to the recipient (board member),” says R. Scott Richardson, JD, CLU, ChFC, president/CEO, IZALE Financial Group, a CUES Supplier member in Elgin, Illinois. “However, insurance benefits can be treated differently.”Richardson explains that while the value of accident and health insurance is not taxable for employees, it will likely be taxable for board members.“There are narrow exceptions where it would not be taxable income,” so consulting a tax advisor is worthwhile, he says. continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
Comment Advertisement Tielemans has not been out of favour at Monaco, starting 20 of their 22 Ligue 1 matches this season.AdvertisementAdvertisementHowever, he has been made available by the Principality club, which alerted the interest of several Premier League clubs.Arsenal made contact with Monaco over a potential deal, while Spurs are believed to have rejected the chance to sign the 21-year-old. Tielemans had attracted interest from Arsenal and Tottenham (Picture: Getty Images)Tielemans has already picked up 14 caps for Belgium and was in the squad which reached the World Cup semi-finals in Russia.Silva originally signed for Leicester in August 2017, but because the deal was completed 14 seconds after the transfer deadline he was ineligible to play until January.The £22m transfer did not work out and he has gone on to play just 14 league games for the Foxes.MORE: Arsenal transfer target Gary Cahill set to stay at ChelseaMORE: The reason Arsenal pulled out of deal with Barcelona for Malcom Phil HaighThursday 31 Jan 2019 2:06 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link Arsenal target Youri Tielemans set to join Leicester from Monaco in Adrien Silva swap deal Youri Tielemans will join Leicester from Monaco on transfer deadline day (Picture: Getty Images)A deal to take Youri Tielemans to Leicester City on loan is expected to be announced on transfer deadline day.The Belgium international attracted interest from a number of clubs this transfer window, including Arsenal, Tottenham and Wolves, but it appears the the Foxes have won the race for his signature.Rio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starAdrien Silva is going the other way as part of the deal, with the French midfielder making just two Premier League appearances this season for Leicester.While the deal has not been signed off completely, Tielemans has been spotted taking his medical with the Foxes, and there are not expected to be any hiccups.ADVERTISEMENT#LCFC pic.twitter.com/M4CSxBa8qv— Adam Dey (@Adamlcfc99) January 31, 2019 Advertisement
Algerian forward Yacine Brahimi has joined the Qatari club Al Rayyan while Mehdi Abeid signed for Nantes in France, with both having three-year deals.The pair were free agents, Brahimi’s contract with Portugual’s Porto ended as did Abeid’s at French club Dijon.Abeid, who is 26, played in all three of the Fennecs group games in Egypt but did not feature in the knockout phase.Brahimi, 29, made two appearances for Algeria at the Africa Cup of Nations finals in Egypt, including one as a substitute as they beat Senegal 1-0 in the final.He took to social media to pay tribute to Porto, where he played 148 games scoring 39 goals, and the club’s fans“To my Portista family, you will stay forever in my heart,” he posted on social media.“In Porto, I spent five unforgettable years of my life with my family. Here I discovered a city full of life and extraordinary people.“A big thank you to all the supporters who warmly welcomed me on my arrival and always honoured and supported me, you are great.“I would also like to thank the President, my coaches, the technical staff and my teammates. I wish with all my heart a lot of success and many more titles for FC Porto.”During his time at Porto he was voted the 2014 BBC African Footballer of the Year. Source: BBC
Two people, including a teenager, were shot and killed, and a juvenile female was injured, after a funeral in Riviera Beach on Saturday.Police responded at 2:34 p.m. to a shooting that happened immediately after a funeral at Victory City Church, which is located at 163 West 20th Street.An unidentified 15-year-old boy and a man, identified as 47-year-old Royce Freeman, were shot and died at the scene.The unidentified female was shot and taken to St. Mary’s Medical Center by Riviera Beach Fire Rescue with non-life-threatening injuries.According to a statement from Riviera Beach Police, the shooting was not “a random act of violence,” and, “The victims and the shooters were known to each other.”The godmother of the 15-year-old victim says the shooting occurred after his grandfather’s funeral.Courtesy: WPTV NewsChannel 5/FacebookSenior pastor of Victory City Church says he was alerted that there could be family tension surrounding the service, which is why he increased security with armed guards. He also alerted police before the funeral service.The shooting unfolded across the street, after the service ended and security had stepped away from the property.Officials say that ShotSpotter technology detected 13 shots during this incident.No arrests have been made, and the incident is under investigation.
Facebook8Tweet0Pin0Submitted by Big Brothers Big Sisters of Southwest WashingtonBig Brothers Big Sisters of Southwest Washington today announced the selection of Jeff Engle as the new CEO.Jeff Engle is the new CEO of Big Brothers Big Sisters of Southwest Washington. Photo courtesy: Big Brothers Big Sisters“We’re very excited to have Jeff on board,” said Big Brothers Big Sisters Board President Mark Boyer. “It was a tough selection process. We had a lot of highly qualified applicants, but ultimately felt that Jeff’s professional experience and personal investment in the community made him the best candidate.”Engle has an extensive background in management and business development. He is also very familiar with the mission and values of Big Brothers Big Sisters of Southwest Washington as he has served as a Big Brother since 2012.“I am fortunate to have the opportunity to serve with a very talented and passionate group of individuals that live the mission every day,” says Engle. “I have experienced firsthand the positive affect mentoring has on at-risk youth and the vital role that Big Brothers Big Sisters plays in the community. I look forward to continuing the great work of the organization, expanding services within our five-county service area, recruiting more community members to volunteer as mentors, and ensuring the agency is fiscally sound.”Engle and his wife Cheryl Selby reside in Olympia. They are active in the community supporting numerous local organizations. In addition, Jeff enjoys tennis, hiking, golf, travel and being a grandfather in his spare time.Engle has begun the transition process and will assume full responsibility on September 1.About Big Brothers Big Sisters of Southwest WashingtonOur mission is to provide children facing adversity with strong and enduring, professionally supported one-to-one mentoring relationships that change their lives for the better, forever.We serve children and youth ages 5-18 years old in the region of Thurston, Mason, Lewis, Pacific, and Grays Harbor counties. We are one of the only evidence-based, volunteer supported organizations that does not charge a fee to the children or families that we serve.To learn more, please visit the Big Brothers Big Sisters of Southwest Washington website and like us on Facebook.