Do You Have A Will? And, If So, Is It Up To Date?

If you're anything like me, by now you have broken all of your New Year's resolutions. Actually, if you're like me, you've stopped making any New Year's resolutions (can't stand the failure rate). But please don't fret, there is still plenty of 2016 left for you to redeem yourself. You still have time to review, [...]

By |2019-07-25T09:20:43-04:00September 27th, 2016|Blog|Comments Off on Do You Have A Will? And, If So, Is It Up To Date?

Ransomware: Could Your Data Be Held Hostage?

If you are browsing the web precariously, opening mysterious emails, or downloading suspicious files, you might pay the price…literally. Ransomware is a malicious type of software that once loaded on your computer, encrypts your data and holds it hostage until the ransom fee is paid. It's quite simple, really. You sit down at your computer [...]

By |2019-07-25T09:20:43-04:00September 27th, 2016|Blog|Comments Off on Ransomware: Could Your Data Be Held Hostage?

Yes, a Benefits Plan Audit Could Happen to You

Many business owners worry about an income tax audit. But, if you sponsor an employee benefits plan, the IRS could audit it as well. Here are some common questions that plan administrators and sponsors might ask about plan audits. Where's the bull's-eye? The IRS targets plans in one of four ways: As part of a [...]

By |2019-07-25T09:20:43-04:00March 10th, 2016|Blog|Comments Off on Yes, a Benefits Plan Audit Could Happen to You

Take a Shot at a SWOT Analysis

Many business owners have used strengths, weaknesses, opportunities and threats (SWOT) analyses to frame their strategic planning. If you’re looking to map out your company’s next big move, now might be a good time to take a shot at it yourself. Think about your customers A SWOT analysis starts by spotlighting internal strengths and weaknesses [...]

By |2019-07-25T09:20:43-04:00March 7th, 2016|Blog|Comments Off on Take a Shot at a SWOT Analysis

Your Accounting Software Should be a Many-Splendored Thing

You’ve probably heard the song, “Love is a many-splendored thing.” Well, your company’s accounting software should be, too. That is, you’ve got to make sure your system does all of the big and little things necessary to efficiently and accurately track your financials. It’s not only about revenue Annual revenue doesn’t always dictate what software [...]

By |2019-07-25T09:20:43-04:00February 24th, 2016|Blog|Comments Off on Your Accounting Software Should be a Many-Splendored Thing

5 Ways to Cut Costs and Improve Cash Flow

When business owners start to feel the choking effect of a slow cash flow, they often blame their customers. “Why aren’t we getting paid on time?!” But it’s important to remember that cash flow is affected by a variety of elements. For example: Operating expenses and overhead can have a significant impact. Here are five [...]

By |2019-07-25T09:20:43-04:00February 17th, 2016|Blog|Comments Off on 5 Ways to Cut Costs and Improve Cash Flow

Is It Time To Get Accountable With Your Employees’ Expenses?

Many companies start out, and get pretty far down the road, using the “per diem” approach when reimbursing employees for lodging, meals and incidental expenses. Doing so involves the use of either IRS tables or a simplified high-low method to reimburse workers up to specified limits. The per diem approach is relatively simple and doesn’t [...]

By |2019-07-25T09:20:43-04:00February 10th, 2016|Blog|Comments Off on Is It Time To Get Accountable With Your Employees’ Expenses?

The Tragic Tale of a Troubled Business Succession

It’s a tragic tale that plays out in many businesses across the country. The owner of the company believes he’s finally ready to trigger his succession plan and retire. So he names his daughter as his successor, enjoys his retirement party and departs for his vacation home. Reluctant retiree For six months of the year, [...]

By |2019-07-25T09:20:43-04:00February 3rd, 2016|Blog|Comments Off on The Tragic Tale of a Troubled Business Succession

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