A 401k-sponsored employer plan is a standard among competitive businesses. If your employees are ignoring their 401(k)s, they’re missing out on a ton of potential value. Keep them engaged with their 401(k) investment and, in turn, they’ll value you more as an employer.  Here’s how.  1. Promote Positive Awareness  The pre-tax advantages of a 401(k) [...]

Unfortunately, fraud is a relevant topic for almost everyone and everything in today’s business environment. We all have likely heard about “Wall Street-size” corporate fraud, but if you are a business owner, fraud should be more than something that happens to the big guys. The business's employees, managers, and officers often perpetuate fraud against companies. [...]

Payroll is a vital part of any business. A primary reason for working is to make money. But some parts of employee payment could cause employees to look elsewhere.Employees expect a set time frame of when they are getting paid, whether weekly or monthly. They expect for it to be constant, timely, and accurate. It can [...]

The flat 21% federal income tax rate for C corporations under the Tax Cuts and Jobs Act (TCJA) has been great news for these entities and their owners. But some fundamental tax truths for C corporations largely remain the same:C corporations are subject to double taxation. Double taxation occurs when corporate income is taxed once at [...]

An Employee Stock Ownership Plan (ESOP) is a retirement plan in which the company contributes its stock to a plan to benefit the company’s employees. The company maintains an account for each employee participating in the plan. Under ESOP, shares of the company’s stock are vested over a period on behalf of the employee. Employees [...]

With the year underway, your business probably has a strategic plan in place for the months ahead. Or maybe you’ve created a general outline but haven’t quite put the finishing touches on it yet. In either case, there’s a time-tested approach to refining the strategic plan that you should consider: a SWOT analysis. Let’s take a [...]

Many tax-related limits that impact businesses are annually indexed for inflation, and many have increased for 2021, although a few remained the same due to low inflation. We provide an overview of the tax-related limits that may be important to you and your business. Deductions Section 179 expensing: Limit: $1.05 million (up from $1.04 million) [...]

Identity theft is defined as an organized crime of consciously using someone else’s personal information to commit fraud or gain a financial advantage, and the victim may have to face the consequences. This type of crime is a major national security threat. The information targeted and stolen could be full names, identification numbers, driver’s license numbers, [...]

A good marketing plan should be like a network of well-paved, clearly marked roads shooting out into the world and leading back to your company. But, all too easily, a business can get stuck in the mud while building these thoroughfares, leaving its marketing message ineffective and muddled. Here are a few indications that you might [...]

Nowadays, data drives everything — including the very buildings in which companies operate. If your business is considering upgrading its current facility or moving to or constructing a new one, it’s important to be aware of smart buildings.A smart building is equipped with various sensors that gather and track information about the structure’s energy usage and [...]