Category: Small Business
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How I “wowed” a small business accounting client today
I don’t think that small business accountants have many opportunities to “wow” a client. Marketers would probably say I am short-selling myself on this opportunity and that I could find more ways to impress if I really looked for these opportunities. I get it. But the reality is that daily life of a small business…
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Two important small business tax changes for 2017
The good news this year is that the majority small businesses are affected by only two tax changes for the year ahead. Both changes are effective January 1. The first change will increase stress and the risk of automatic tax penalties. The second offers big potential tax savings. It makes sense for small business owners…
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Drive encryption (or file encryption) revisited
I just read a pretty good article written for attorneys recommending drive encryption on laptop PCs and mobile devices. The basis of the recommendation is the assumption that attorneys have sensitive private information on those devices that is at risk when they are working “on the go”. This prompted me to read a few more articles…
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Building a better small business health plan
This 7 1/2 minute, eight slide narrated Powerpoint video presentation introduces the background and steps required to allow a small business to break free from the grip of current health care market turmoil and actually improve employee health benefits immediately.
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Trump’s evolving priorities
What do we know so far about the incoming Trump administration’s priorities and evolving 100 day plan? Specifically, how will it affect my small business clients? What issues should advisers focus on with clients? Over the past five weeks we’ve heard these position statements that I am using personally to base my own economic forecasts.…
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2017 Health Reimbursement Arrangement for Small Businesses
The Freedom Benefits standard small business health plans are redesigned for 2017. All plans can be customized. This is the table of contents for the 2017 Health Reimbursement Arrangement small business health plan. Table of Contents ARTICLE I. PURPOSE AND ESTABLISHMENT 1.1 Purpose 1.2 Name 1.3 Plan Not Subject to Cafeteria Plan 1.4 Effective Date…
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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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Rules for Tax Season
I know that I can limit stress to a manageable level and provide a better service to my clients this coming tax season if I follow a few simple rules: Filter out price-sensitive people. Don’t engage with any person who asks about price in the first two sentences of their approach. For example, an acceptable approach would be:…
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The immigration issue from my own perspective
The State of New Jersey Department of Community Affairs officially estimates that 70% of the state’s work force in industries like farming, fishing and construction are undocumented. I see these South American origin neighbors every day and I have great respect for them. In the past we had many Mexicans but in recent years most…