Is it a good idea to make your child an employee?
Hiring your own children – whether employed part-time in the mailroom or full time managing your operations – can be an adventure. But is it always the best idea? It […]
IRS regs detail how businesses can “aggregate” for the pass-through income deduction
One of the most valuable tax breaks in the Tax Cuts and Jobs Act (TCJA) is the new deduction for up to 20% of qualified business income (QBI) from pass-through […]
HSA + HDHP can be a winning health benefits formula
If you’ve done any research into employee benefits for your business recently, you may have come across a bit of alphabet soup in the form of “HSA + HDHP.” Although […]
3 tips for determining the value of a business
Let’s say that you learn a local business owner is ready to retire. The prospect of acquiring his or her company seems intriguing and feasible. But is it a good […]
Contemplating compensation increases and pay for performance
As a business grows, one of many challenges it faces is identifying a competitive yet manageable compensation structure. After all, offer too little and you likely won’t have much success […]
6 ways to get more value from an IT consultant
IT consultants are many things — experts in their field, champions of the workaround and, generally, the “people persons” of the tech field. But they’re not magicians who, with the […]
Business tips for back-to-school time
Late summer and early fall, when so many families have members returning to educational facilities of all shapes and sizes, is also a good time for businesses to creatively step […]
How to deal with obsolete inventory
Balance sheets should provide an accurate snapshot of your company’s net worth. But if the financial statements contain bloated asset values, you may mistakenly believe your business’s outlook is rosy […]
Improving a struggling employee’s performance is a two-way street
It’s easy to get frustrated when an employee is failing to produce the volume or quality of work you’re looking for. A business owner or department manager may even give […]
A midyear review should go beyond financials
Every year is a journey for a business. You begin with a set of objectives for the months ahead, probably encounter a few bumps along the way and, hopefully, reach […]