The day-to-day demands of running a business can make it difficult to think about the future. And by “future,” we’re not necessarily talking about how your tax liability will look at year-end or how you might grow the bottom line over the next five years. We’re referring to the future in which you no longer … Continue reading “Look Carefully At Three Critical Factors Of Succession Planning”
Month: August 2023
Planning Ahead for 2024: Should Your 401(k) Help Employees with Emergencies?
The SECURE 2.0 Act, which was enacted last year, contains wide-ranging changes to retirement plans. One provision in the law is that eligible employers will soon be able to provide more help to staff members facing emergencies. This will be done through what the law calls “pension-linked emergency savings accounts.” Effective for plan years beginning … Continue reading “Planning Ahead for 2024: Should Your 401(k) Help Employees with Emergencies?”
Receive more than $10,000 in cash at your business? Here’s what you must do
Does your business receive large amounts of cash or cash equivalents? If so, you’re generally requirements for currency transaction reports to the IRS — and not just on your tax return. The Requirements Each person who, in the course of operating a trade or business, receives more than $10,000 in cash in one transaction (or … Continue reading “Receive more than $10,000 in cash at your business? Here’s what you must do”
5 Tips For More Easily Obtaining Cyberinsurance
Every business should dedicate time and resources to cybersecurity. Hackers are out there, in many cases far across the globe, and they’re on the prowl for vulnerable companies. These criminals typically strike at random — doing damage to not only a business’s ability to operate, but also its reputation. One way to protect yourself, at … Continue reading “5 Tips For More Easily Obtaining Cyberinsurance”