Uncategorized
March 23, 2017

Offer plan loans? Be sure to set a reasonable interest rate

Like many businesses, yours may allow retirement plan participants to take out loans from their accounts. Such loans are governed by many IRS and Department of Labor (DOL) rules and regulations. So if your company…
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News
March 8, 2017

Listen and trust: The power of collaborative management

Many business owners are accustomed to running the whole show. But as your company grows, you’ll likely be better off sharing responsibility for major decisions. Whether you’ve recruited experienced managers or developed “home grown” talent,…
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News
February 22, 2017

What can a valuation expert do for your succession plan?

Most business owners spend a lifetime building their business. And when it comes to succession, they face the difficult decision of whether to sell, dissolve or transfer the business to family members (or a nonfamily…
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News
January 26, 2017

4 principles of competitive intelligence

We live and work in the information age. As such, the opportunity to gather knowledge about your company’s competitors and industry as a whole has never been better. This practice — commonly known as “competitive…
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News
January 18, 2017

Succession Planning and Estate Planning Must Go Hand in Hand

As the saying goes, nothing lasts forever — and that goes for most companies. Then again, with the right succession plan in place, you can do your part to ensure your business continues down a…
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News
January 9, 2017

Considering a Spinoff? Think it Through.

In popular culture, the word “spinoff” usually refers to a television show whose main characters originated from an already established show. But the word applies to the business world, too. Here it describes a division…
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Tax
December 27, 2016

2016 Year End Tax Planning Guide

Will Tax Rates Drop in 2017? The maximum federal tax bracket for 2016 is 39.6%. This bracket is reached when taxable income exceeds $415,050 ($466,950 if married filing joint). In addition, capital gains are taxed…
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News
December 23, 2016

Technological advances and expansive supply chains make doing so easier than ever. But business owners who make this move impetuously may soon find themselves on stormy seas, taking on waves of debt and unanticipated expenses.…
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News
December 23, 2016

3 Ways to Get Started on Next Year’s Budget

As the year winds down, business owners have a lot to think about. One item that you should keep top of mind is next year’s budget. A well-conceived budget can go a long way toward…
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News
December 23, 2016

Build consensus before you buy business software

Business owners get to make executive decisions. It’s one of the perks of the job. But acting unilaterally when buying business software can be a risky move. Because new technology affects the entire team, the…
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