Fortify Your Benefits Plan with Fiduciary Liability Insurance

Among the most contested areas of employee benefits litigation is an employer’s fiduciary duty to its plan participants and beneficiaries. The cost of defending yourself can be steep — regardless of fault. That’s where fiduciary liability insurance fits in. Who’s a fiduciary? ERISA defines a plan fiduciary as an individual who: Has discretionary authority or [...]

By |2019-07-25T09:20:44-04:00January 27th, 2016|Blog|Comments Off on Fortify Your Benefits Plan with Fiduciary Liability Insurance

Competitive Intelligence is a Strategic Imperative

All too often, the competitive efforts of many companies are internally focused. Many businesses seek to develop better products and services without knowing enough about their competition. To truly hone your competitive edge, you need to constantly ask one simple question: “What are they up to now?” And the best way to get answers is [...]

By |2019-07-25T09:20:44-04:00January 20th, 2016|Blog|Comments Off on Competitive Intelligence is a Strategic Imperative

4 Keys to Telecommuting Success

If your company is getting aboard the telecommuting trend, consider the following four keys to success: 1. Set a trial period. Begin with a two- to six-month period during which the employee and his or her manager can get a feel for just how (and whether) this arrangement will work. If either side is unhappy [...]

By |2019-07-25T09:20:44-04:00January 13th, 2016|Blog|Comments Off on 4 Keys to Telecommuting Success

Craft Your Mission Statement for Maximum Impact

The right mission statement can be a strong motivational force for employees — and a powerful marketing and branding tool. But, whether you’re writing one for the first time or creating a new statement as part of a rebranding effort, you’ve got to craft it carefully for maximum impact. Here are a few guidelines to [...]

By |2019-07-25T09:20:44-04:00January 12th, 2016|Blog|Comments Off on Craft Your Mission Statement for Maximum Impact

5 Questions to Ask Before Buying New Technology

It’s often hard to tell whether your company really needs the latest tech tool or you’re just trying to keep up with the Joneses. Before you invest in anything, ask five questions: 1. Where are we lagging? Survey your managers and employees about what they need to do their jobs better. Also question industry colleagues [...]

By |2019-07-25T09:20:44-04:00January 12th, 2016|Blog|Comments Off on 5 Questions to Ask Before Buying New Technology

Gearing Up for the ACA’s Information Reporting Requirements

Starting in 2016, applicable large employers (ALEs) under the Affordable Care Act (ACA) will have to file Forms 1094-C and 1095-C to provide information to the IRS and plan participants regarding their health care benefits for the previous year. Both the forms and their instructions are now available for ALEs to study and begin preparations [...]

By |2019-07-25T09:20:44-04:00January 12th, 2016|Blog|Comments Off on Gearing Up for the ACA’s Information Reporting Requirements

Do Your Business Ownership Interests Belong in an FLP?

If you’re planning to pass ownership in your business to the next generation, it’s critical to find the best way to do so. One option is a family limited partnership (FLP). To implement this strategy, you set up a limited partnership and transfer ownership interests to it. Then you give some or all of the [...]

By |2019-07-25T09:20:44-04:00January 12th, 2016|Blog|Comments Off on Do Your Business Ownership Interests Belong in an FLP?

They’re Back! Depreciation Breaks Extended

For much of this year, uncertainty surrounded whether Congress would extend relief in the area of depreciation-related tax breaks. On December 18, clarity finally arrived with the passage of the Protecting Americans from Tax Hikes Act of 2015 (the PATH Act). Here’s a look at the impact on two “classic” depreciation breaks: 1. Enhanced Section [...]

By |2019-07-25T09:20:44-04:00January 10th, 2016|Blog|Comments Off on They’re Back! Depreciation Breaks Extended

Achieving Your Succession and Estate Planning Goals via Recapitalization

Like many business owners, you probably have much of your wealth tied up in your company. And this fact may be creating a conflict between the desire to transfer ownership to the next generation and the desire to stay in control. One potential solution: Recapitalize your business into voting and nonvoting shares. From an estate [...]

By |2016-01-10T23:15:47-05:00January 10th, 2016|Blog|Comments Off on Achieving Your Succession and Estate Planning Goals via Recapitalization

You’ll Get More From Your Business Data If You Benchmark

You probably track a variety of data to determine where your business stands. Monitoring both financial and nonfinancial key performance indicators (KPIs) — such as debt to equity ratio and customer service response times — can help you spot problems and set objectives. But a great way to take your business data one step further [...]

By |2016-01-10T23:04:07-05:00January 10th, 2016|Blog|Comments Off on You’ll Get More From Your Business Data If You Benchmark
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