When Can You Purge Your Old Financial Records
Feeling the urge to purge? April 18, 2017, is the deadline for individuals and C corporations to file their federal income tax returns for 2016 (or to file for an extension). Before you clear your Read More
Apr 18, 2017
Keep Your Donor Database Clean
This is one of those Believe It or Not stories: Years ago, a charity generated solicitation letters from a computerized donor database. One letter addressed to a state Humane Society stated: "Dear Miss Society." Whoops! Read More
Mar 23, 2017
There’s Still Time to Set Up a SEP for 2016
Simplified Employee Pensions (SEPs) are stripped-down retirement plans intended for self-employed individuals and small businesses. If you don't already have a tax-favored retirement plan set up for your business, consider establishing a SEP — plus, Read More
Mar 21, 2017
Recruit and Retain Good Employees with Benefit Programs
It's a lot more efficient to retain good employees than to find and hire new ones. The Society for Human Resource Management (SHRM) recently asked its members how they are adapting their employee benefit programs Read More
Feb 17, 2017
Remember To Take Required Minimum Distributions at Age 70 1/2 Or Face Penalties
Did you know there's a stiff penalty if you fail to take timely distributions from your IRA? Once you turn age 70½, you must start taking required minimum distributions (RMDs) from your traditional IRAs, including Read More
Feb 17, 2017
How S Corporations Can Save on Federal Employment Taxes
If you own an unincorporated small business, you may be getting fed up with high self-employment (SE) tax bills. One way to lower your SE tax liability is to convert your business to an S Read More
Feb 06, 2017
The Link Between Employee Motivation and Your Compensation Philosophy
Do your employees understand your company's compensation philosophy? That was a question posed to human resource managers in a recent WorldatWork survey, Compensation Programs and Practices. According to the survey, almost one in five employers Read More
Dec 06, 2016
Year-End Tax Strategies for Small Businesses
It's not too late to take steps to significantly reduce your 2016 business income tax bill and lay the groundwork for tax savings in future years. Here's a summary of some of the most effective Read More
Nov 21, 2016
Don’t Let Your Business Become Obsolete
Digital disruption is described as the changes that occur when new technologies and businesses models have a negative effect on existing goods and services. Despite some activity, many companies are lagging when it comes to Read More
Nov 08, 2016
Are You Ready for the New Overtime Rules?
The deadline for the Department of Labor's (DOL's) new final overtime rule is December 1, 2016. While CFOs at most large U.S. companies have been working overtime themselves to prepare for the changes, many small Read More
Sep 29, 2016