From the smallest proprietorship to the largest international conglomerate, cutting costs can often be perceived as a “quick fix” toward improving financial results. However, such business decisions may not always be in the best long-term interest of an...
Although small business owners wear many hats, too often, the one labeled “Retirement Planner” is not among them. Hats may add panache, but basically, they’re for protection. Today, protecting your financial future, as well as that of your employees,...
As a family business grows, the owner must ultimately consider how the entity will prosper once he or she takes leave of the helm. With proper preparation, the change-in-command should go smoothly. It will be important to determine which family members will be active...
Section 105 of the Internal Revenue Code may very well be one of the “best-kept secrets” for managing your company’s health care costs. The medical reimbursement plans allowed under Section 105 provide sole proprietors, partnerships, C corporations,...
Competition is the backbone of the American economy. But business owners need to consider the consequences of a consultant or key employee opening a rival company – stealing trade secrets, hiring valued staff, and luring away customers. This could pose a serious...
When trying to save for the future, a 401(k) retirement savings plan can help you attain your objectives on a tax-advantaged basis. Named for the section of the Internal Revenue Code (IRC) that created it, a 401(k) plan may be one of the most popular and valuable...
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