Month: December 2016
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2017 Consumer Driven Health Plan for Small Businesses
Employee Benefit Plan with Voluntary Salary Reduction, Premium Payment, Health Flexible Savings Account, Health Savings Account, and Dependent Care Assistance Plan Components The Freedom Benefits standard plans are redesigned for 2017. All plans can be customized. This is the table of contents for the 2017 consumer-driven health plan. Table of Contents ARTICLE I. Introduction 1.1 Establishment of…
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2017 Small Business Health Plans
What do you expect of your small business health plan in 2017? Keep me out of tax trouble Allow more freedom of choice in selecting insurance Include a flexible spending account or HSA Cover dependent care Include independent, personal professional help All of the above If you answered “all of the above” then give me…
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Stop wasting time on the worker’s compensation audit
Do you hate worker’s compensation insurance audits? You are not alone. This is an annual time-waster for many small business owners. There is an easy fix. Let me attach the worker’s compensation to you payroll system and a small amount is calculated and withheld each pay period. This eliminates the need for an annual audit…
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U.S. risks abadnoning Declaration of Human Rights
The flaws of “putting America first” Long before the nationalistic and discriminatory rhetoric of Trump, the United States committed to uphold the basic human rights of all people of the world equally without preference: “Everyone is entitled to all the rights and freedoms set forth in this Declaration, without distinction of any kind, such as…
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Save your nonprofit now!
I learned a simple but extremely valuable lesson yesterday that will be useful for managing nonprofit businesses, thanks to NJCPA nonprofit conference and presenter Robert Lyons, CPA. Many nonprofit organizations experience “mission creep” over time. That’s not a bad thing. Usually it is in response to changing real world conditions. It simply means that the…
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Americans get the government they deserve
The news of the incoming executive branch of government gets more horrific every day for the majority of us who are not in the ultra-elite class. The most shocking part is that if the vote counts are accurate and not affected by hacked voting machines as some contend, then at least 60 million Americans actually…
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Life at age 30: then and now
Wall Street Journal reports today that half of today’s 30 year olds earn more than their parents (adjusted for inflation) at the same age. I don’t see evidence of that early success in my communities today. At age 30 back in 1990 most of my peers owned houses, perhaps had a a rental property or…
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Nonprofit statistic observations
There are about 600,000 nonprofit organizations in the U.S. that are required to make annual accounting filings. There are also about 600,000 CPAs in the U.S. so that is a 1:1 ratio. There were about 240 CPAs at today’s Nonprofit Confetence sponsored by NJCPA. Attendees reported handling from one to more than 100 nonprofit clients.…
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Increase in calls from online searches
I’ve noticed an increase in the number of business inquires this past week coming as a result of online searches, mostly Google. I hope this is the beginning of a trend. Three calls yesterday were especially interesting: Avoid high pressure sales A sales manager in Pennsylvania called for advice about health insurance. We was dismayed…