Business owners are commonly and rightfully urged to regularly generate financial statements in compliance with Generally Accepted Accounting Principles (GAAP). One reason why is external users of financial statements, such as lenders and investors, … [Read more...]
Should your business change its health care plan for next year?
Open enrollment for most health care plans is many months away. That makes now a good time for businesses to consider changing their employer-sponsored coverage for next year, or perhaps to think about launching a plan for the very first time.If … [Read more...]
HIPAA and remote work: A refresher for employers
Many employers now allow employees to work remotely, either all or part of the time. If your organization does and sponsors a health care plan, here’s a brief refresher on some of the rules regarding protected health information (PHI) and the Health … [Read more...]
B2B businesses: Assess customer credit carefully
Does your company operate in the business-to-business (B2B) marketplace? If so, you’re no doubt aware of the double-edged sword that is customer credit.On the one hand, it’s common practice. Most customers likely expect to be offered a credit option … [Read more...]
How employers can avoid common errors with cafeteria plans
For a long time now, cafeteria plans — also known as flexible benefits plans or Section 125 plans — have allowed employers to offer employees a varied menu of customized, tax-friendly fringe benefits.One of the great things about these plans is that, … [Read more...]
Employers now have guidance on emergency savings accounts
Although employers have long helped employees save for retirement and have insurance in place for health care, another urgent need has persisted over the years: funds for financial emergencies.To address this problem, SECURE 2.0, a law enacted in … [Read more...]