Managing Health-Care Costs
With the cost of health care continuing to rise, providing robust health care as a benefit to employees is becoming an increasingly important issue, especially in these times when the Covid-19 pandemic remains a concern and the future is uncertain. Fortunately, businesses can take steps to help evaluate these options and make decisions that benefit […]
Work Opportunity Tax Credit Reauthorized Through 2025
Enacted in 1996, the Work Opportunity Tax Credit (WOTC) is a federal tax credit that eligible employers can claim if they hire eligible individuals who have consistently faced stringent barriers to employment. According to the Department of Labor, “Each year, employers claim over $1 billion in tax credits under the WOTC program.” Since 1996, Congress […]
Why Offer a 401(k) Plan?
Tax advantages, investing opportunities and matching contributions are just three of the benefits of a 401(k) plan for employees. There are many compelling employer benefits as well. A 401(k) plan is an employer-sponsored retirement savings plan that enables employees to contribute a portion of their paychecks to a tax-advantaged retirement account. Employees can make traditional […]
Commercial Real Estate: What To Do If You Cannot Pay Your Mortgage
As a result of the COVID-19 pandemic, many commercial real estate owners are unable to make their mortgage payments. While the CARES Act and the CAA targeted helping small businesses remain operational, they included no direct help for commercial property owners. The acts only provided indirect help in the form of forgiving loan proceeds used […]
5 Steps to Better Forecasting
As businesses emerge from restrictions imposed due to the pandemic, they do not have a clear definition of “normal.” Whether the business was in an industry sector that thrived in the past year or one that struggled, it is almost certainly facing a radically changed landscape. Yet businesses must find a way to plan their […]
6 Tips for New Entrepreneurs
Americans tend to view crises as opportunities, and the pandemic was no exception. Many new and innovative businesses emerged from the chaos. There always are openings for success, even in the midst of a chaotic business environment. The U.S. Census Bureau reported 500,000 more applications for employer identification numbers between mid-March 2020 and mid-May 2020. […]
