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The humorist Will Rogers said it most famously: “I’m not so much interested in the return on my money as I am in the return of my money.” (In fact, Mark Twain had expressed exactly the same sentiment first, many decades before the Great Depression.) Their point was that it is more important to be […]
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Are there any misconceptions that you’ve had about payroll? Did you end up finding out the reality of the situation after experiencing a series of unfortunate events? Hopefully, your answer is no, but whether you have been duped by nonfactual information or not, staying informed is the key to protecting yourself. So, keep reading for […]
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When establishing the terms of your estate plan, you might consider using a trust to pass assets along to your beneficiaries or transfer wealth to your loved ones. Establishing a trust is often a wise strategic decision, but at the same time, grantors should fully understand that income received via a trust is considered taxable […]
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At the end of every year, most businesses go through the process of filling out a Form W-2 for each employee, which can make for a very stressful time. The pressure of knowing that even the smallest of mistakes can result in costly consequences can make business owners uneasy. However, by implementing a system of […]
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Your Social Security break-even age is when you come out ahead by delaying benefits. It depends on things like how inflation might affect the purchasing power of your benefits. If you begin taking benefits at age 62, you’ll receive a reduced amount, but you’ll get more checks over your lifetime. If you delay benefits past […]
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A compensation plan is designed to attract and retain employees. Build your compensation plan to ensure pay equity while balancing the needs of your small business and delivering value to customers. Pay competitively relative to companies similar to yours in size and industry in your region. Compensation can tie in directly to regional compensation data, […]
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