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Time for NQDC plan deferral elections

By |2018-11-06T19:06:41+00:00November 6th, 2018|Latest News|

If you’re an executive or other key employee, your employer may offer you a nonqualified deferred compensation (NQDC) plan. As the name suggests, NQDC plans pay employees in the future for services currently performed. The plans allow deferral of the income tax associated with the compensation. But to receive this attractive tax treatment, NQDC plans

Change management doesn’t have to be scary

By |2018-11-06T19:03:38+00:00November 6th, 2018|Latest News|

Business owners are constantly bombarded with terminology and buzzwords. Although you probably feel a need to keep up with the latest trends, you also may find that many of these ideas induce more anxiety than relief. One example is change management. This term is used to describe the philosophies and processes an organization uses to

Could “bunching” medical expenses into 2018 save you tax?

By |2018-10-29T18:19:45+00:00October 29th, 2018|Latest News|

Some of your medical expenses may be tax deductible, but only if you itemize deductions and have enough expenses to exceed the applicable floor for deductibility. With proper planning, you may be able to time controllable medical expenses to your tax advantage. The Tax Cuts and Jobs Act (TCJA) could make bunching such expenses into

Reduce insurance costs by encouraging employee wellness

By |2018-10-29T18:17:24+00:00October 29th, 2018|Latest News|

Protecting your company through the purchase of various forms of insurance is a risk-management necessity. But just because you must buy coverage doesn’t mean you can’t manage the cost of doing so. Obviously, the safer your workplace, the less likely you’ll incur costly claims and high workers’ compensation premiums. There are, however, bigger-picture issues that

Consider all the tax consequences before making gifts to loved ones

By |2018-10-22T17:38:58+00:00October 22nd, 2018|Latest News|

Many people choose to pass assets to the next generation during life, whether to reduce the size of their taxable estate, to help out family members or simply to see their loved ones enjoy the gifts. If you’re considering lifetime gifts, be aware that which assets you give can produce substantially different tax consequences. Multiple

Following the ABCs of customer assessment

By |2018-10-22T17:36:51+00:00October 22nd, 2018|Latest News|

When a business is launched, its owners typically welcome every customer through the door with a sigh of relief. But after the company has established itself, those same owners might start looking at their buying constituency a little more critically. If your business has reached this point, regularly assessing your customer base is indeed an

529 plans offer two tax-advantaged education funding options

By |2018-10-15T14:01:26+00:00October 15th, 2018|Latest News|

Section 529 plans are a popular education-funding tool because of tax and other benefits. Two types are available: 1) prepaid tuition plans, and 2) savings plans. And one of these plans got even better under the Tax Cuts and Jobs Act (TCJA). Enjoy valuable benefits 529 plans provide a tax-advantaged way to help pay for

4 pillars of a solid sales process

By |2018-10-15T13:58:12+00:00October 15th, 2018|Latest News|

Is your sales process getting off-balance? Sometimes it can be hard to tell. Fluctuations in the economy, changes in customer interest and dips in demand may cause slowdowns that are beyond your control. But if the numbers keep dropping and you’re not sure why, you may need to double-check the structural soundness of how you

Charitable IRA rollovers may be especially beneficial in 2018

By |2018-10-09T12:16:00+00:00October 9th, 2018|Latest News|

If you’re age 70½ or older, you can make direct contributions — up to $100,000 annually — from your IRA to qualified charitable organizations without owing any income tax on the distributions. This break may be especially beneficial now because of Tax Cuts and Jobs Act (TCJA) changes that affect who can benefit from the

A strong BYOD policy combines convenience with security

By |2018-10-09T12:13:40+00:00October 9th, 2018|Latest News|

It’s easy to understand why more and more businesses are taking a “bring your own device” (BYOD) approach to the smartphones, tablets and laptops many employees rely on to do their jobs. BYOD can boost employee efficiency and satisfaction, often while reducing a company’s IT costs. But the approach isn’t without risk for both you