Bill Gordon, AIF® On Monday, Feb. 22, the White House announced several changes to the Paycheck Protection Program (PPP) that went into effect on Wednesday, Feb. 24. These changes are intended to further target “the smallest businesses and those that have been left behind in previous relief efforts.” This information has been taken from whitehouse.gov. … Continue reading Changes to Paycheck Protection
Sunwook Jin, CFP®, CRPC®, CMFC®, EA The customer experience is one of the keys to business success. In some industries, it can mean the difference between success and failure. According to recent research by a major credit card issuer, 90% of Americans consider quality of customer service as they decide whether they want to do … Continue reading Superior Customer Service
Bill Gordon, AIF® As companies grow and add employees, they also add employee benefits. Retirement and medical plans can be provided, but what about group life insurance? Group life on the menu? Owner-operators know that group life coverage can help attract excellent workers, but some are anxious about the cost and suspect they are just … Continue reading Group Life for a Growing Business?
Bill Gordon, AIF® After a bit of political back and forth in December, the $900 billion Consolidated Appropriations Act of 2021 (2021 CAA) was signed into law by President Trump as the COVID-19 pandemic continues to impact employers and employees. Here’s a quick recap of five key highlights: Stimulus Checks: The new law authorized a … Continue reading 5 Quick Highlights of the New Stimulus
Bill Gordon, AIF® As a business owner, you’ve worked hard for your success. The long hours, the difficult decisions, and the sacrifices you have made have led to where you are today. The last thing you want is to suffer a disruption to your business. If there is anything that the COVID-19 pandemic has taught … Continue reading Business Continuity Plans
Information for those giving, receiving and organizing. Have you donated money to a crowdfunding campaign this year? You probably have. You may be wondering how the Internal Revenue Service treats these donations. Do the common tax rules apply? The I.R.S. may or may not define such donations as charitable contributions. It depends not only on … Continue reading Crowdfunding & Taxes
As Director of Retirement Plan Services, this is a question I hear frequently. A Simplified Employee Pension plan (SEP) is an easy, low-cost option for small business owners to provide retirement benefits for employees (including themselves). This retirement plan option allows for an employer to contribute directly to an individual retirement account for all employees. … Continue reading What is a SEP IRA?