Archive for June, 2010

What changes are in store for flexible spending accounts?

Wednesday, June 30th, 2010

As part of the recently passed healthcare reform legislation, flexible spending accounts face two changes that will require employers’ attention. (more…)

How can I make a donation for Gulf animal rescue to a reputable charity?

Friday, June 25th, 2010

Just as they did when earthquakes ravaged Haiti, many fast-acting organizations have mobilized to help rescue animals caught in the massive Gulf oil spill. But as was also the case with Haiti, not all groups have the best interests of the animals, or the donors, in mind. If you want to help, how do you know which ones are responsible, versus inefficient, ineffective or outright scams? (more…)

Is your 401K Okay? Tips for managing your company retirement plan

Wednesday, June 23rd, 2010

The past several months have certainly been rocky for 401k investors. And while the rollercoaster ride may not be over, the stock market appears to be showing signs of improvement. So what can your business do now that the comeback is underway? (more…)

Does the new DB(k) retirement plan make sense for my business?

Monday, June 21st, 2010

Beginning January 1, 2010, businesses with 500 or fewer employees could offer a new plan called a DB(k). The DB(k) was authorized by Congress as part of the 2006 Pension Protection Act. The DB(k) melds a 401(k) savings plan with a small guaranteed income stream.  The key elements of the plan: (more…)

Can making your building green save on taxes?

Friday, June 18th, 2010

When you upgrade your building for energy efficiency, you can save some cold, hard cash. A major incentive has been in place for several years for building owners who upgrade their systems – whether the building is new or used. (more…)

Can a vacation improve your health?

Wednesday, June 16th, 2010

The vacation season is officially upon us. And while you might be thinking that you can’t afford the time off, consider this: taking a vacation is important for your health. (more…)

Are Vendors and Customers Checking Up On You?

Monday, June 14th, 2010

In better economic times, banks were the only ones concerned with the financial statements of manufacturers. Today, however, a manufacturer’s customers may also make access to financial information a condition of doing business with them. (more…)

What rules have changed regarding credit reports?

Friday, June 11th, 2010

On April 2, the Federal Trade Commission implemented new rules that require websites advertising free reports to direct consumers to the government-approved www.annualcreditreport.com. On September 1, television and radio ads must do the same. (more…)

Which is better, and LLC or S-Corp?

Wednesday, June 9th, 2010

When you start a small business, the most popular organizational forms are the limited liability company (LLC) and the S corporation. There are advantages to both, and you can even combine their features. Here’s what to consider: (more…)

How will flexible spending accounts change due to healthcare reform?

Monday, June 7th, 2010

As part of the recently passed healthcare reform legislation, flexible spending accounts face two changes that will require employers’ attention. (more…)

Has the IRS extended the 990 Filing Deadline?

Friday, June 4th, 2010

Hundreds of thousands of not-for-profit organizations are in danger of losing their tax-exempt status because they missed a critical May 17 filing deadline, however smaller nonprofits are being thrown a lifeline by the IRS. The IRS is working to help organizations with annual receipts under $25,000 maintain their tax-exempt status and encourages these groups to go ahead and file the document even though the deadline has passed. (more…)

Can My Organization Earn A Tax Credit For Paying Employee Health Insurance Premiums?

Wednesday, June 2nd, 2010

If your small business or not-for-profit pays at least half the cost of single coverage for employees, it could be eligible for a tax credit of up to 35 percent of the premiums it pays in 2010. (more…)