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…
In the case of embezzlement, what options does a business owner have in recuperating some of the losses? A business may be able to claim a federal income tax deduction for a theft loss, but does embezzlement count as theft?…
Whether pandemic-related or not, struggling businesses look for financial assistance in the form of affordable conventional loans. And some profitable businesses may benefit from refinancing to more favorable terms on their existing debt. Doing so can help reduce interest expense…
Payroll Protection Plan (PPP) loans were a lifeline for many small business owners during the worst of the pandemic-driven economic slowdown. In total, the Small Business Administration (SBA) approved nearly 12 million PPP loans, averaging $67,000. The PPP program stopped accepting…
Your business is probably set up as a Limited Liability Company (LLC), a sub chapter S-Corporation, or both. But what’s the difference, and under what circumstances would it make sense to change your LLC into an S-Corp? An LLC is…
Disruptive events like a natural disaster or a pandemic can happen at any time. Maintaining timely, relevant and clear communication with your team throughout the event is vital and is an important component of any disaster recovery plan. Gathering employee…
Something you don’t ever want to say is “I wish we were more prepared”, especially when it comes to your business. Keeping an up-to-date disaster recovery plan can be the key to a fast and successful rebound. Here are some…
While the reporting deadline for unclaimed property varies by state, many have a November 1 deadline. Nothing to worry about yet, right? Think again. You should be taking steps soon, but first, let's take a step back for a quick…
When one door closes, another opens. The COVID-19 pandemic has forced many small businesses to permanently shutter. But it has also provided new opportunities, especially for gig economy workers and other sole proprietors who were laid off or furloughed during…