In recent years, more and more businesses have increased efforts to support the well-being of their employees. This means not only providing health care benefits, but also offering other initiatives designed to help workers cope with challenges such as substance dependence, financial planning, legal woes and mental health issues. Among the options usually considered is … Continue reading “ERISA and EAPs: What’s The Deal?”
Month: March 2022
Establish A Tax-Favored Retirement Plan
Does your business have a retirement plan? If not, now might be a good time to take the plunge. Current retirement plan rules allow for significant tax-deductible contributions. For example, if you’re self-employed one option is to set up a SEP-IRA. SEP tax benefits include contributing up to 20% of your self-employment earnings, with a … Continue reading “Establish A Tax-Favored Retirement Plan”
360-Degree Feedback Helps Business Owners See The Big Picture
Business owners are regularly urged to “see the big picture.” In many cases, this imperative applies to a pricing adjustment or some other organizational strategic planning idea. However, seeing the big picture also matters when it comes to managing the performance of your staff. Perhaps the best way to get a fully rounded perspective on … Continue reading “360-Degree Feedback Helps Business Owners See The Big Picture”
Does Your Business Barter? Here Are Some Facts You Should Know
In today’s economy, many small businesses are strapped for cash. They may find it beneficial to barter or trade for goods and services instead of paying cash for them. Bartering is the oldest form of trade and the internet has made it easier to engage with other businesses. But if your business gets involved in … Continue reading “Does Your Business Barter? Here Are Some Facts You Should Know”
Business Owners, Lean Into Sales Staff Retention
Although there have been some positive signs for the U.S. economy thus far in 2022, many businesses are still reeling from last year’s “Great Resignation.” This trend of a historic number of workers voluntarily leaving their jobs, combined with the difficulty of hiring new employees, didn’t spare sales teams. However, one could say that the … Continue reading “Business Owners, Lean Into Sales Staff Retention”
The Election To Apply The Research Tax Credit Against Payroll Taxes
The credit for increasing research activities, often referred to as the research and development (R&D) credit, is a valuable tax break available to eligible businesses. Claiming the credit involves complex calculations, which we can take care of for you. In addition to the credit itself, be aware that the credit also has two features that … Continue reading “The Election To Apply The Research Tax Credit Against Payroll Taxes”
5 Ways To Control Your Business Insurance Costs
Common sense dictates that every company, no matter how small, should carry various forms of business insurance. But that doesn’t mean you should pay unnecessarily high premiums just to retain the coverage you need. Here are five ways to better control your business insurance costs without sacrificing the quality of your policies: 1. Review Coverage … Continue reading “5 Ways To Control Your Business Insurance Costs”