Commercial finance broker Hilton-Baird Financial Solutions conducted its latest SME Trends Index in September 2014, questioning 238 business owners and finance directors on their challenges and expectations.
Here are the results, which include 50% of respondents labelling the level of funding support that's currently available to them as "inadequate".
Mercer Capital's Value Matters™ | Issue 1 2018Mercer Capital
Mercer Capital's Value Matters™ addresses gift & estate tax, ESOP, buy-sell agreement, and transaction advisory topics of interest to estate planners and other professional advisors to business.
Articles in this edition include:
- 3 Biggest Employee Benefits Challenges Facing Employers
- 4 Tax Reform Changes to Watch
- Captives as Part of a Risk Management Plan
- Using AI for Hiring - the Pros & Cons
- Championing the Next Generation of Leaders via Internal Committees
Commercial finance broker Hilton-Baird Financial Solutions conducted its latest SME Trends Index in September 2014, questioning 238 business owners and finance directors on their challenges and expectations.
Here are the results, which include 50% of respondents labelling the level of funding support that's currently available to them as "inadequate".
Mercer Capital's Value Matters™ | Issue 1 2018Mercer Capital
Mercer Capital's Value Matters™ addresses gift & estate tax, ESOP, buy-sell agreement, and transaction advisory topics of interest to estate planners and other professional advisors to business.
Articles in this edition include:
- 3 Biggest Employee Benefits Challenges Facing Employers
- 4 Tax Reform Changes to Watch
- Captives as Part of a Risk Management Plan
- Using AI for Hiring - the Pros & Cons
- Championing the Next Generation of Leaders via Internal Committees
If you are an independent contractor working within the shared economy who wants to know more about tax benefits (specifically how to smartly write off business expenses) -- or if you are a founder who wants to know more about employees vs independent contractors this presentation is for you!
For many organizations, it’s not IF you’re experiencing fraud, but WHERE it’s happening. Although small or medium-sized entities likely don’t have the resources for sophisticated fraud-prevention strategies, this presentation outlines ways to mitigate the most important fraud risks by understanding where fraud is mostly likely to occur and putting some simple processes in place. To view her webinar about this topic, contact Cindy for the link!
What keeps corporate tax department executives up at night? How about the risk of signing off on an incorrect tax return? Or worse yet, what about a career-threatening, tax-related restatement? As corporate tax complexity increases, so does the risk of mistakes, penalties, and missed opportunities.
It’s important to understand the funding that’s available to
you at retirement. Most Americans are eligible for Social
Security, this is basic information on how it works.
Use this brochure to learn about Social Security and how
to calculate your benefits at retirement. Then, you can
realistically assess how your retirement plan account fits
into your overall needs. If you need help contact me by email at van@abs-insurance.com, google + at vanrichards15923@gmail.com. Plus you can follow me on twitter @Van Richards, through my blog www.vansblog.net or on LinkedIn at www.linkedin.com/in/vanrichards/
Affordable Care Act: Preparing for the 2015 Tax ProvisionsSkoda Minotti
This presentation discusses issues that employers who will be subject to the Affordable Care Act must prepare for, including:
1. Determining which employees must be offered coverage
2. Analyzing payroll to determine the amount that can be charged to employees
3. Creating a record to respond to potential IRS assessments of excise tax
Payroll Webinar: The Essentials for Third Party Sick Pay in 2020Ascentis
This webinar discusses the proper taxation and reporting of the fringe benefit known as third party sick pay. It discusses what is and is not third party sick pay, how the taxation is affected by the status of the provider (is or is not the employer’s agent), when this type of payment is taxable and/or reportable and who is responsible for this taxation and reporting.
Dependent Verification: What You Don't Know Can Hurt YouHodges-Mace
Regardless of whether an employee’s intent is to defraud their employer, or whether the employee simply does not understand the plan rules, the time to correct an eligibility error is before a major health issue arises.
The ASSN.Group™ Plan Member Benefit Program Lance Wallach
The ASSN. Group™ Plan (“the Plan”) is an association member benefit that allows association members to create personal wealth with pre-tax business dollars. The Plan uses an IRC Section 79 group term life insurance program that allows for the deduction by the business of the contributions that fund the insurance. The tax treatment of group life insurance plans is well established in the Internal Revenue Code, tax regulations, and tax cases.
GRAND CANYON UNIVERSITY SCENARIO GENERATORModule 4 Scenari.docxwhittemorelucilla
GRAND CANYON UNIVERSITY SCENARIO GENERATOR
Module 4 Scenario: Hiring Plan and Compensation Package Proposal
Type: Family Business
Size: Small Business
Sector: Computer Repair
Funding: Investors/Lenders
Stakeholders:
Employees
Decision makers:
Owners
Formal organization:
LLC
Human Resources Department:
Pay-for service arrangement: employment law attorney
Stage in Organizational Lifecycle:
Birth
THESE ARE THE GIVEN CONSTRAINTS:
ORGANIZATIONAL BACKGROUND:
Founded in: 1970
Dedicated to: The company thrives to provide the best possible
experience to all of its business partners and clients.
Culture Our culture is akin to that of a small family. All our
employees are partners in the business, share our success, and help us
sustain the core values that make us successful.
Structure: Our organization is very flat and consists of three tiers:
owners, managers, and non-manager employees.
Mission statement: To ensure that each customer receives prompt,
professional, friendly, and courteous service. To maintain a
professional and friendly environment for our cusotmers and staff. To
provide at a fair price using only quality components. To ensure that
all customers and staff are treated with the respect and dignity they
deserve. To thank each customer for the opportunity to serve them. By
maintaining these objectives we shall be assured of a fair profit that
will allow us to contribute to the community we serve.
Vision statement: Within the next five years, we will become a leading
provider of products and services to small businesses by providing
page 1 / 4
customizable, user-friendly solutions scaled to small business needs.
INTEGRITY: By dealing honestly with our clients, staff, vendors and
community.
RESPONSIBILITY: By considering the environment in which we do
business, community views and the common good.
PROFITABILITY: By being aware that an appropriate level of profit is
necessary to maintain our business and allow our values to continue to
be observed.
Values statement: In conducting our business, we will realize our
vision by performing our affairs so that our actions provide
confirmation of the high value we place on:
Present goals: To reduce delivery and distribution time of products
and services. To reduce the number and frequency of customer
complaints, and to improve the response time of customers inquiries.
Past goals: To reduce employee turnover by 20 percent by introducing a
new employee assistance program. To improve productivity by
implementing a company-wide training program. To actively recruit
skilled workers into the organization.
Brief SWOT analysis:
Strengths:
Positive cash flow
Experienced management
Good business reputation
Known for product quality
Weaknesses:
Experienced management approaching retirement
Insufficiently diversified revenue streams
Products and/or services have not been updated for a long time
Too much internal bureaucracy
Opportunities:
Internat ...
BIZGrowth Strategies - Workforce & Talent Optimization Special EditionCBIZ, Inc.
Amid today’s economic uncertainty, we know you need strategies and solutions that will help your business thrive. With workforce and talent concerns running high for employers across the nation, our experts developed these articles with those critical issues top of mind. We offer fresh insights designed to attract, retain, engage and motivate your employees — all while protecting your bottom line and managing emerging risks. Articles include:
- Unlock Success with Effective Performance Management
- How Employers Can Benefit from Financial Wellbeing Programs
- How to Talk About Hard Decisions During a Recession
- Cost-Effective Health Plan Perks to Consider in 2023
- 3 HR Strategies to Recession-Proof Your Organization
- Responding to Employment Practices Liability (EPL) Claims
- Versatility — Important in Life & Life Insurance
If you are an independent contractor working within the shared economy who wants to know more about tax benefits (specifically how to smartly write off business expenses) -- or if you are a founder who wants to know more about employees vs independent contractors this presentation is for you!
For many organizations, it’s not IF you’re experiencing fraud, but WHERE it’s happening. Although small or medium-sized entities likely don’t have the resources for sophisticated fraud-prevention strategies, this presentation outlines ways to mitigate the most important fraud risks by understanding where fraud is mostly likely to occur and putting some simple processes in place. To view her webinar about this topic, contact Cindy for the link!
What keeps corporate tax department executives up at night? How about the risk of signing off on an incorrect tax return? Or worse yet, what about a career-threatening, tax-related restatement? As corporate tax complexity increases, so does the risk of mistakes, penalties, and missed opportunities.
It’s important to understand the funding that’s available to
you at retirement. Most Americans are eligible for Social
Security, this is basic information on how it works.
Use this brochure to learn about Social Security and how
to calculate your benefits at retirement. Then, you can
realistically assess how your retirement plan account fits
into your overall needs. If you need help contact me by email at van@abs-insurance.com, google + at vanrichards15923@gmail.com. Plus you can follow me on twitter @Van Richards, through my blog www.vansblog.net or on LinkedIn at www.linkedin.com/in/vanrichards/
Affordable Care Act: Preparing for the 2015 Tax ProvisionsSkoda Minotti
This presentation discusses issues that employers who will be subject to the Affordable Care Act must prepare for, including:
1. Determining which employees must be offered coverage
2. Analyzing payroll to determine the amount that can be charged to employees
3. Creating a record to respond to potential IRS assessments of excise tax
Payroll Webinar: The Essentials for Third Party Sick Pay in 2020Ascentis
This webinar discusses the proper taxation and reporting of the fringe benefit known as third party sick pay. It discusses what is and is not third party sick pay, how the taxation is affected by the status of the provider (is or is not the employer’s agent), when this type of payment is taxable and/or reportable and who is responsible for this taxation and reporting.
Dependent Verification: What You Don't Know Can Hurt YouHodges-Mace
Regardless of whether an employee’s intent is to defraud their employer, or whether the employee simply does not understand the plan rules, the time to correct an eligibility error is before a major health issue arises.
The ASSN.Group™ Plan Member Benefit Program Lance Wallach
The ASSN. Group™ Plan (“the Plan”) is an association member benefit that allows association members to create personal wealth with pre-tax business dollars. The Plan uses an IRC Section 79 group term life insurance program that allows for the deduction by the business of the contributions that fund the insurance. The tax treatment of group life insurance plans is well established in the Internal Revenue Code, tax regulations, and tax cases.
GRAND CANYON UNIVERSITY SCENARIO GENERATORModule 4 Scenari.docxwhittemorelucilla
GRAND CANYON UNIVERSITY SCENARIO GENERATOR
Module 4 Scenario: Hiring Plan and Compensation Package Proposal
Type: Family Business
Size: Small Business
Sector: Computer Repair
Funding: Investors/Lenders
Stakeholders:
Employees
Decision makers:
Owners
Formal organization:
LLC
Human Resources Department:
Pay-for service arrangement: employment law attorney
Stage in Organizational Lifecycle:
Birth
THESE ARE THE GIVEN CONSTRAINTS:
ORGANIZATIONAL BACKGROUND:
Founded in: 1970
Dedicated to: The company thrives to provide the best possible
experience to all of its business partners and clients.
Culture Our culture is akin to that of a small family. All our
employees are partners in the business, share our success, and help us
sustain the core values that make us successful.
Structure: Our organization is very flat and consists of three tiers:
owners, managers, and non-manager employees.
Mission statement: To ensure that each customer receives prompt,
professional, friendly, and courteous service. To maintain a
professional and friendly environment for our cusotmers and staff. To
provide at a fair price using only quality components. To ensure that
all customers and staff are treated with the respect and dignity they
deserve. To thank each customer for the opportunity to serve them. By
maintaining these objectives we shall be assured of a fair profit that
will allow us to contribute to the community we serve.
Vision statement: Within the next five years, we will become a leading
provider of products and services to small businesses by providing
page 1 / 4
customizable, user-friendly solutions scaled to small business needs.
INTEGRITY: By dealing honestly with our clients, staff, vendors and
community.
RESPONSIBILITY: By considering the environment in which we do
business, community views and the common good.
PROFITABILITY: By being aware that an appropriate level of profit is
necessary to maintain our business and allow our values to continue to
be observed.
Values statement: In conducting our business, we will realize our
vision by performing our affairs so that our actions provide
confirmation of the high value we place on:
Present goals: To reduce delivery and distribution time of products
and services. To reduce the number and frequency of customer
complaints, and to improve the response time of customers inquiries.
Past goals: To reduce employee turnover by 20 percent by introducing a
new employee assistance program. To improve productivity by
implementing a company-wide training program. To actively recruit
skilled workers into the organization.
Brief SWOT analysis:
Strengths:
Positive cash flow
Experienced management
Good business reputation
Known for product quality
Weaknesses:
Experienced management approaching retirement
Insufficiently diversified revenue streams
Products and/or services have not been updated for a long time
Too much internal bureaucracy
Opportunities:
Internat ...
BIZGrowth Strategies - Workforce & Talent Optimization Special EditionCBIZ, Inc.
Amid today’s economic uncertainty, we know you need strategies and solutions that will help your business thrive. With workforce and talent concerns running high for employers across the nation, our experts developed these articles with those critical issues top of mind. We offer fresh insights designed to attract, retain, engage and motivate your employees — all while protecting your bottom line and managing emerging risks. Articles include:
- Unlock Success with Effective Performance Management
- How Employers Can Benefit from Financial Wellbeing Programs
- How to Talk About Hard Decisions During a Recession
- Cost-Effective Health Plan Perks to Consider in 2023
- 3 HR Strategies to Recession-Proof Your Organization
- Responding to Employment Practices Liability (EPL) Claims
- Versatility — Important in Life & Life Insurance
Top Reasons You Should Outsource PayrollHivepayroll
Learn about some common benefits of payroll outsourcing, areas of your business where a provider may be able to help, and how this approach could make sense for your business.
7. Retirement – a “three-legged” stool Retirement Personal Savings Company Sponsored Plans Social Security
8. Social Security ?? Read the following excerpt from the Social Security Administration’s website: “Social Security was never meant to be the sole source of income in retirement.” A comfortable retirement is based on a “three-legged” stool of Social Security, company-sponsored retirement plans and personal savings. 4
9. Pre-Tax Growth vs Post-Tax Growth *Assuming 25% tax rate, 10% rate of return, compounded only monthly 5
12. The process of reinvesting interest to earn additional interest
13. The more frequent the compounding, the more you earnThe example below shows the difference a head start can make 6
14. Cannot Predict Future, can only Prepare for it In addition to the battle against inflation as you can see in the chart on the right, retirees are living longer and longer. Recent studies have shown that a typical retiree can expect to live 20+ years. Therefore, one must acquire a large nest egg.
19. Retain Current Employees If you’re not offering a retirement plan to your employees, don’t be surprised to lose them to a competitor that does! Misconceptions about 401(k)s could cost Small Business Owners By Lynn Gresham Forty percent of workers in small companies say they would leave their job for one that provided a 401(k) plan, according to a survey conducted by Harris Interactive and sponsored by ShareBuilder 401(k), a subsidiary of ING Direct. . . . 12
20. What is the actual cost of one bad hire?* Information provided by Right Management Consultants.Mishires financially impact an organization beyond direct sourcing costs.According to a survey* of 444 organizations throughout North America, the negativeconsequences of bad hires and promotions reach beyond lost customersand market share. Here are some alarming statistics:• Replacement costs an average of 2½ times* an individual's salary, includingrecruitment, training, severance costs, and lost productivity.• More than 4 of 10 organizations (42%) said it costs at least three timesthe mishire's salary. 13
48. Allows employees to take certain out-of-pocket expenses on a pre-tax, rather than a post-tax basis:Medical Dental Vision Over-the-counter items With a Dr’s Prescription Dependent Care 23
55. Workers’ Comp Savings (CA only)APPROX. 12% SAVINGS ON PAYROLL TAXES APPROX. 25% - 45% SAVINGS ON EXPECTED GOODS AND SERVICES 24
56. FSA has 3 “buckets” Plan Features 3) Out-of-pocket medical, dental, vision, and over-the-counter expenses Insurance premiums 2) Dependent Care expenses 25