Each state has rules under which unclaimed property “escheats” to the state. This legal term means property is turned over to the state and the state … Read more about Business Responsibilities for Unclaimed Property
What to Consider Now as You Prepare Your 2021 Budget
It’s that time again...time to prepare your budget for the coming year. This is an annual chore that should not be overlooked or delayed. As noted in … Read more about What to Consider Now as You Prepare Your 2021 Budget
Preparing for Economic Changes: What’s Trending and Why It Matters to Your Business
Think back to when you started your business and perhaps worked out a business plan. It’s likely that many things have changed since then. New work … Read more about Preparing for Economic Changes: What’s Trending and Why It Matters to Your Business
Who Does Your Payroll and Why Does It Matter?
Many small businesses handle payroll in-house, but a growing number outsource this task to a third party. There are different types of payroll … Read more about Who Does Your Payroll and Why Does It Matter?
Borrowing for Your Business: Financial and Tax Implications
As many small businesses struggle to survive the pandemic, loans have become a lifeline. If you need money and are able to borrow it, be sure to … Read more about Borrowing for Your Business: Financial and Tax Implications
Preparing for Economic Changes: Re-Budgeting for Reopening
It’s a good business practice to set a budget before the start of the year and then regularly review it. Doing this allows you to adapt your business … Read more about Preparing for Economic Changes: Re-Budgeting for Reopening
Sole Proprietorships: Number and Revenue Continue to Increase
Each year the IRS releases statistics on various types of business entities, and most recently it released the latest statistics on sole … Read more about Sole Proprietorships: Number and Revenue Continue to Increase
Is Bankruptcy Your Way Out? Alternatives to Consider
Bankruptcy is a legal process in which a federal court oversees a debtor’s settlements with creditors. Depending on the type of bankruptcy, a business … Read more about Is Bankruptcy Your Way Out? Alternatives to Consider
Preparing for Economic Changes: Forbearance, Deferral, and Forgiveness
The worst of the COVID-19 virus may be behind us from a medical perspective, but economically the pain has just begun. Some states are slowly, very … Read more about Preparing for Economic Changes: Forbearance, Deferral, and Forgiveness
5 COVID-19-Related Questions for Your 401(k) Plan
In response to statistics showing that only 53% of workers at companies with fewer than 100 employees were able to participate in a qualified … Read more about 5 COVID-19-Related Questions for Your 401(k) Plan
Paying Promptly: Aren’t We Legally and Morally Obligated?
Just about everyone—individuals and businesses—is struggling with cash flow. They just don’t have money on hand, which means it’s difficult if not … Read more about Paying Promptly: Aren’t We Legally and Morally Obligated?
How to Compassionately and Legally Break Promises to Your Staff
At the end of February 2020, the federal unemployment rate was 3.5%. At that time, business owners were looking for ways to attract and retain valued … Read more about How to Compassionately and Legally Break Promises to Your Staff
What to Know about Tax Losses Due to COVID-19
Many small businesses likely will have losses for 2020. After the COVID-19 subsides, there may be some bounce back in business, but it probably won’t … Read more about What to Know about Tax Losses Due to COVID-19
4 Steps to a Paycheck Protection Program Loan
The Paycheck Protection Program (PPP) allows small businesses to obtain loans that can be forgiven on a tax-free basis. There’s been tremendous … Read more about 4 Steps to a Paycheck Protection Program Loan
Get Cash Now: 3 Good Options
“Get cash now” is the tag line in an ad offering cash to someone with a structured settlement. It’s also the battle cry for small businesses trying to … Read more about Get Cash Now: 3 Good Options
