Offer deferred compensation? Be careful about compliance
Congress enacted Section 409A of the Internal Revenue Code more than 10 years ago in response to scandals involving Enron and other corporations. If you offer employees deferred compensation as a benefit, it’s critical to
How many employees does your business have for ACA purposes?
It seems like a simple question: How many full-time workers does your business employ? But, when it comes to the Affordable Care Act (ACA), the answer can be complicated. The number of workers you employ
S Corp vs. C Corp – Is it time for you to make the switch?
The Protecting Americans from Tax Hikes (PATH) Act of 2015 accomplished more than just extending certain tax breaks. It also made some taxpayer-friendly provisions permanent — including the shortened recognition period for companies that convert
Watch out for these common M&A deal obstacles
Everything may be going according to plan in an M&A negotiation, until something suddenly puts the entire deal in doubt. Perhaps the buyer gets cold feet after conducting a round of due diligence or the
QSB stock offers 2 valuable tax benefits
By investing in qualified small business (QSB) stock, you can diversify your portfolio and enjoy two valuable tax benefits: 1. Tax-free gain rollovers. If within 60 days of selling QSB stock you buy other QSB
The Importance of Using Qualified Employee Benefit Plan Auditors
If your company provides an employee benefit plan and it has 100 or more participants, you’re generally required to have the plan’s annual report (Form 5500) audited under the Employee Retirement Income Security Act of
Putting your home on the market? Understanding the tax consequences of a sale
As the school year draws to a close and the days lengthen, you may be one of the many homeowners who are getting ready to put their home on the market. After all, in many
Streamline your inventory management to boost cash flow
Inefficient inventory management is one of the biggest cash drains on many businesses, depriving them of valuable working capital. Excess inventory is literally cash wasting away in your warehouse or on your shelves. So every
Choosing a funding method for your buy-sell agreement
Anyone who owns a closely held business with at least one other partner needs to take certain steps to guard against business disruption. If one partner departs suddenly, or becomes disabled or dies, serious confusion
6 simple steps to shrink your outstanding receivables
Your sales team closes a custom order for a new customer. Then the production crew works diligently to meet the order’s two-week deadline. The final product meets the customer’s specs and ships on time. But
The ins and outs of using “accountable plans” to save taxes
When an employer pays an expense reimbursement or advance to an employee — regardless of whether the employee incurs or is reasonably expected to incur the expense — the IRS considers the arrangement to
Contemplate your company’s compensation philosophy
Without a good pay and benefits structure, you can’t attract and retain the best employees. But devising a compensation strategy is tougher than it looks — many factors go into paying competitively without breaking the
