How to Avoid Penalties on Early Retirement Account Withdrawals

2020-08-09T20:57:00+00:00

Economic fallout from the COVID-19 crisis may cause some cash-strapped individuals to default on loans they've taken out from company qualified retirement plans, including 401(k) and profit-sharing plans. Defaulting on a plan loan will cause adverse tax and retirement-saving consequences. Here are the details. Retirement Plan Loan Basics A participant in an employer-sponsored qualified retirement [...]

How to Avoid Penalties on Early Retirement Account Withdrawals2020-08-09T20:57:00+00:00

The Ins and Outs of Garnishing

2020-07-22T02:54:09+00:00

Garnishing an employee's wages can be inconvenient, but there is little you can do about it. When one of your employees fails to pay a debt or owes the government money, a court may issue an order to withhold income, which means your company takes money from the employee's paycheck and forwards it to the debtor. [...]

The Ins and Outs of Garnishing2020-07-22T02:54:09+00:00

Tax-Favored QSBC for the COVID-19 Era and Beyond

2020-07-22T02:41:39+00:00

The COVID-19 crisis has taken a toll on many small businesses. But some winners are expected to emerge from the wreckage. Unprecedented steps will be taken to guard against health risks from COVID-19 and whatever might come along next. The new normal will create new opportunities. Small businesses that can respond to those opportunities will [...]

Tax-Favored QSBC for the COVID-19 Era and Beyond2020-07-22T02:41:39+00:00

Employees Working at Home? Rethink Your Space Needs

2020-07-22T02:33:13+00:00

For some employees, working from home is a personally liberating experience that contributes to greater productivity. For others, not so much. By now, if you have had a significant number of employees doing their jobs from home, you may have enough experience to assess whether remote working arrangements are a net plus for your business. [...]

Employees Working at Home? Rethink Your Space Needs2020-07-22T02:33:13+00:00

College During COVID: How to Maximize Your Return on Investment

2020-06-08T03:46:52+00:00

College is a major investment. But, if campuses remain shuttered in the fall due to the novel coronavirus (COVID-19) pandemic, will your student get his or her money's worth from virtual classes? Though universities may provide rebates for unused room and board costs, they're unlikely to offer discounts on tuition costs if classes remain online. [...]

College During COVID: How to Maximize Your Return on Investment2020-06-08T03:46:52+00:00

Is it Time to Reopen Your Business? 10 Questions to Ask Yourself

2020-06-08T03:39:38+00:00

Businesses across America that have been shut down due to the novel coronavirus (COVID-19) pandemic may now (or soon) have the option to reopen. Since no two businesses are alike — even those in the same industry and location — what makes sense for one company could be a disaster for another. But many questions [...]

Is it Time to Reopen Your Business? 10 Questions to Ask Yourself2020-06-08T03:39:38+00:00

Can Your Business Survive and Even Thrive in These Trying Times?

2020-05-29T21:16:43+00:00

The novel coronavirus (COVID-19) pandemic has caused difficulties for millions of businesses — from family-owned restaurants and niche manufacturers to multinational airlines and oil companies. As the economy slowly reopens across the country, old ways of doing things clearly won't work for most business operations. But there's a potential upside: Major economic disruptions may provide [...]

Can Your Business Survive and Even Thrive in These Trying Times?2020-05-29T21:16:43+00:00

Boosting the Productivity of Remote Workers

2020-05-29T21:17:05+00:00

Even while conditions in some states have improved enough to allow some workers in exile to begin returning to their workplaces, life isn't likely to return to normal for a long while, thanks to the novel coronavirus (COVID-19) crisis. First, some employees worried about the chances they could become infected might balk at the idea [...]

Boosting the Productivity of Remote Workers2020-05-29T21:17:05+00:00

COVID-19 Relief for Employers: New Employee Retention Tax Credit

2020-04-22T14:01:40+00:00

The coronavirus (COVID-19) pandemic has shut down many sectors of the U.S. economy, causing widespread job losses. Over 10 million Americans applied for unemployment benefits in March, according to the U.S. Department of Labor. And far more claims are expected in April. Some economists predict that the unemployment rate could rise to Depression-era levels of [...]

COVID-19 Relief for Employers: New Employee Retention Tax Credit2020-04-22T14:01:40+00:00

401(k) Contributions: Employers Should Keep Calm but Know the Options

2020-04-22T14:02:08+00:00

The coronavirus (COVID-10) pandemic has had adverse effects on many industries. Both employers and employees are seeking ways to respond to financial stress resulting from the economic slowdown and financial market volatility. If your company's revenue has plummeted, you might be considering eliminating or scaling back your contributions to employees' 401(k) accounts. Here's what you [...]

401(k) Contributions: Employers Should Keep Calm but Know the Options2020-04-22T14:02:08+00:00
Go to Top