If your small business has a retirement plan, and even if it doesn’t, you may see changes and benefits from a new law. The Setting Every Community Up for Retirement Enhancement 2.0 Act (SECURE Act 2.0) was recently signed into law. Provisions in the law will kick in over several years. SECURE 2.0 is meant … Continue reading “How The New SECURE 2.0 Law May Affect Your Business”
Month: January 2023
Getting Into Data Analytics Without Breaking The Bank
Most business owners would probably agree that, in today’s world, data rules. But finding, organizing and deriving meaning from the terabytes upon terabytes of information out there isn’t easy. How can your company harness the power of data without throwing dollars into the technological void? By investing in a formal initiative to incorporate data analytics into … Continue reading “Getting Into Data Analytics Without Breaking The Bank”
Employers Should Be Wary Of ERC Claims That Are Too Good To Be True
The Employee Retention Credit (ERC) was a valuable tax credit that helped employers that kept workers on staff during the height of the COVID-19 pandemic. As of 2023, the credit is no longer available. However, eligible employers that haven’t yet claimed it might still be able to do so. For eligibility, you will need to … Continue reading “Employers Should Be Wary Of ERC Claims That Are Too Good To Be True”
Unused PTO A Problem? Consider A Contribution Arrangement
A new year has arrived. For many businesses, this means employees’ paid time off (PTO) arrangements have reset, per PTO accrual policy. And at companies with “use it or lose it” policies, workers have likely left a few or perhaps many unused PTO hours on the table. It’s a growing problem. A July 2022 survey … Continue reading “Unused PTO A Problem? Consider A Contribution Arrangement”
The Standard Business Mileage Rate Is Going Up In 2023
Although the national price of gas is a bit lower than it was a year ago, the optional standard mileage rate used to calculate the deductible cost of operating an automobile for business will be going up in 2023. There has been a recent announcement that the 2023 IRS mileage rate for the business use … Continue reading “The Standard Business Mileage Rate Is Going Up In 2023”
Look Forward To Next Year By Revisiting Your Business Plan
Businesses of all stripes are about to embark upon a new calendar year. Whether you’ve done a lot of strategic planning or just a little, a good way to double-check your business objectives and expectations is by updating a business plan. Remember your business plan? If you created one recently, or keep yours updated, it … Continue reading “Look Forward To Next Year By Revisiting Your Business Plan”