Many companies offer employer provided health benefits to help ensure employee wellness and compete for better job candidates. And the Affordable Care Act has been using both carrots and sticks (depending on employer size) to encourage businesses to offer health coverage. If you sponsor a health care plan, you know this is no small investment. … Continue reading “Employer Provided Health Benefits: Costs with a Multi-Pronged Approach”
Month: April 2018
Keeping Tax Records: Retention Guidelines for Small Businesses
You may have breathed a sigh of relief after filing your 2017 income tax return (or requesting an extension). Is your office strewn with reams of paper consisting of years’ worth of tax returns, receipts, canceled checks and other financial records? Or is your desktop computer is filled with a multitude of digital tax-related files? … Continue reading “Keeping Tax Records: Retention Guidelines for Small Businesses”
7 Traditional Marketing Techniques to Consider
With such an intense focus on digital marketing initiatives these days, business owners can overlook the fact that there are actual, physical places to interact with the buying public. Now that spring is here and summer is on the way, it’s a good time to rediscover the possibilities of “street marketing.” Here are seven … Continue reading “7 Traditional Marketing Techniques to Consider”
Changes to the Employee Benefits Tax Breaks: 4 Negatives and 1 Positive
The Tax Cuts and Jobs Act (TCJA) includes many changes affecting employee benefits tax breaks. Among the changes are four negatives and one positive that will impact not only employees but also the businesses providing the benefits. 4 Breaks Curtailed Beginning with the 2018 tax year, the TCJA reduces or eliminates employee benefits tax breaks in … Continue reading “Changes to the Employee Benefits Tax Breaks: 4 Negatives and 1 Positive”
Blockchain Technology Implementation to Drive Business
“Blockchain” may sound like something that goes on a vehicle’s tires in icy weather or that perhaps is part of that vehicle’s engine. Indeed it is a type of technology that may help drive business worldwide at some point soon — but digitally, not physically. No matter what your industry, now’s a good time to … Continue reading “Blockchain Technology Implementation to Drive Business”
Net Operating Loss Carryback: It Isn’t All Bad News
When a company’s deductible expenses exceed its income, generally a net operating loss (NOL) occurs. If when filing your 2017 income tax return you found that your business had an NOL, there is an upside. The upside to this are the tax benefits, including net operating loss carryback. But beware, the 2018 tax reform bill … Continue reading “Net Operating Loss Carryback: It Isn’t All Bad News”
Improving Employee Performance: 3 Ways to Supercharge Your Supervisors
The attitudes and behaviors of your people managers play a critical role in your company’s success. When your managers are putting forth their best effort, the more likely it is that you’ll, in turn, get the best performances out of the rest of your employees. Here are three performance review tips for employers in improving … Continue reading “Improving Employee Performance: 3 Ways to Supercharge Your Supervisors”
Employee vs Contractor Criteria: Should you file Form SS-8?
Classifying workers as independent contractors — rather than employees — can save businesses money and provide other benefits. But the IRS is on the lookout for businesses that do this improperly to avoid taxes and employee benefit obligations. This is why it is important to look at an employee vs contractor criteria. To find out how … Continue reading “Employee vs Contractor Criteria: Should you file Form SS-8?”