Prudent technology upgrades call for Insightful, Thoughtful Research
By now, most business owners view technology upgrades as inevitable. Whether hardware or software, the tech your company relies on to operate will need to change slightly or even drastically for you to stay competitive. Knowing that you need an upgrade is only the first step. Before spending the money, you need to dig deep […]
3 specialized IT leadership positions for growing businesses
For many businesses, technology has changed from something they use to something they do. When a company reaches a point where IT plays a central role in operations and productivity, ownership might want to create one or more leadership positions to specifically oversee tech-related matters and strategy. Often, this means a Chief Information Officer will […]
How automation is helping companies big and small
Automation is often thought of in terms of robotics and assembly lines. That’s certainly accurate, but anywhere a business is using humans for repetitive tasks such as data entry and information processing, there is an opportunity for automation. On the shop floor, automation can be used for sorting, counting, packaging and manufacturing tems. This is […]
6 Benefits of Outsourcing Your Accounting & Finance Function
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IRS announces adjustments to key retirement plan limits
In Notice 2021-61, the IRS recently announced 2022 cost-of-living adjustments to dollar limits and thresholds for qualified retirement plans. Here are some highlights: Elective deferrals. The annual limit on elective deferrals (employee contributions) will increase from $19,500 to $20,500 for 401(k), 403(b) and 457 plans, as well as for Salary Reduction Simplified Employee Pensions (SARSEPs). […]
A buyer’s guide: Hiring the right auditor for your benefit plan
Clark Schaefer Hackett created this buyer’s guide to help you and other plan fiduciaries make an informed decision when hiring a quality auditor for your employee benefit plan audit. This guide covers your fiduciary responsibilities, the timing of a plan audit, audit quality, finding the right auditor and more.
80-120 Rule: Do you Need a Retirement Plan Audit Infographic
Related Content: A buyer’s guide: Hiring the right auditor for your benefit plan Helping you and other plan fiduciaries make an informed decision when hiring a quality auditor for your employee benefit plan audit. This guide covers your fiduciary responsibilities, the timing of a plan audit, audit quality, finding the right auditor and more. Download […]
Bonus Grants: A Creative Way to Retain and Reward Key Employees
Changes in the economy – as well as clashing generations in the workforce – have altered the employment landscape. Gone are the days of someone retiring after 40 years with the same company. Job hopping has become the norm, and in the war for talent, top performers are regularly being courted by the competition. Organizations […]
Comparing the Cost of Sales Tax Compliance: In House vs. Outsourcing Infographic
Sales tax compliance can get incredibly complex. If your company only has sales tax nexus in one or two states, then the process could be relatively manageable. The complexity (and risk) grows drastically, however, as your sales tax obligation and the number of states in which you have nexus grows. At some point, most companies […]
Disasters and your taxes: What you need to know
Homeowners and businesses across the country have experienced weather-related disasters in recent months. From hurricanes, tornadoes and other severe storms to the wildfires again raging in the West, natural disasters have led to significant losses for a wide swath of taxpayers. If you’re among them, you may qualify for a federal income tax deduction, as […]