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 |2016-01-10T23:15:47-04:00January 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 |2016-01-10T23:04:07-04:00January 10th, 2016|Blog|Comments Off on You’ll Get More From Your Business Data If You Benchmark

You Still Have Time to Set up Your 2015 Retirement Plan

As a business owner, you shoulder many responsibilities — but have some perks as well. One benefit worth considering is setting up your own retirement plan that allows you to make larger contributions than you could as an employee. For example, the maximum 2015 employee contribution to a 401(k) plan is $18,000 — $24,000 if [...]

By |2015-12-17T11:41:17-04:00December 17th, 2015|Blog|Comments Off on You Still Have Time to Set up Your 2015 Retirement Plan

Are You Overwhelmed by the Concept of Risk Management?

When you start envisioning all of the potential threats to your company, it’s easy to get overwhelmed. A good way to get a handle on risk management is to break down the overall task into focus areas. Examples include: Competitive risk. Identify your top three to five competitors. Then devise the strategy it will take [...]

By |2015-12-09T14:59:16-04:00December 9th, 2015|Blog|Comments Off on Are You Overwhelmed by the Concept of Risk Management?

Can your Business Plan Predict the Future?

When you started your business, or otherwise assumed ownership of it, you more than likely created a business plan. This critical document provides management, investors and lenders with an overview of the company’s game plan as well as an assessment of current operations. Complete plans traditionally include six components: Executive summary, Business description, Industry and [...]

By |2015-12-04T11:02:23-04:00December 4th, 2015|Blog|Comments Off on Can your Business Plan Predict the Future?

Don’t Underestimate the Tax Impact of an Acquisition

If your company wants to acquire another business, you’ll need to anticipate many challenges. To improve your odds of success, it’s important to devote resources to intensive tax planning before — and after — your deal closes. During deal negotiations, you and the seller will likely discuss issues such as to what extent each party [...]

By |2015-12-04T10:32:12-04:00December 4th, 2015|Blog|Comments Off on Don’t Underestimate the Tax Impact of an Acquisition

Why Should we Bother with 401(k) Plan Auto-Enrollment?

Many employers with long-established 401(k) plans hesitate to add automatic enrollment. (Under an “auto-enroll” feature, eligible participants automatically join the plan unless they affirmatively elect otherwise.) Employers’ hesitation may arise from unfamiliarity or just a reluctance to rock the boat. Yet there are several good reasons to “bother” with auto-enroll: Broader participation. First and foremost, [...]

By |2015-12-02T17:30:15-04:00December 2nd, 2015|Blog|Comments Off on Why Should we Bother with 401(k) Plan Auto-Enrollment?