The IRS has released contribution amounts for Health Savings Accounts (HSAs) for the 2023 calendar year. Based on the current rate of inflation, it’s not surprising that these went up substantially. Here’s a comparison to current 2022 contribution levels: 2023…
If your partnership is planning to admit a new partner, there are several financial and legal implications. Here are two issues to consider: If the current partners have an interest in unrealized receivables and substantially appreciated inventory, the allocation of…
Now that the world is opening up a bit more, you might want to start meeting clients for lunch once again. Or maybe your team is back to working together at the office and you want to order in lunch…
When you hear “retirement plan”, many of us think immediately of 401(k) plans, and rightfully so. Since their establishment in the late 1970s, 401(k)s have been offered by companies of all sizes and offer valuable tax benefits for both employers…
If your small business is experiencing cash flow constraints, you’re not alone. The pandemic has lengthened the Days Sales Outstanding (DSO), the average number of days that it takes to collect payment for a sale, also known as the average…
To run a successful business, you need to focus on more than just day-to-day operations. It’s also critical to pay attention to all aspects of your business – sales & marketing, customer service, research & development, and accounting. If you…
Business travel has substantially decreased over the past couple of years due to the pandemic, but from time to time, employees still need to travel for work-related reasons. Maybe it’s driving between different employer-owned locations within a workday, or maybe…
Tread cautiously if you have received a notification from Microsoft with “Spam Notification” in the subject line. It appears to be notifying you that you have received spam, although it is the newest attempt in a long line of phishing…
The 2021-2022 Aflac WorkForces Report highlights some trends in employee benefits that have occurred due to the pandemic. The report reflects an increase in employee interest in supplemental benefits such as life insurance, critical illness, accident, and disability coverage. These…
Having weak or no internal controls leaves your organization open to thieves or dishonest employees who are looking for opportunities to make some extra money. The good news is there are simple controls you can put in place to deter…