Reap the Rewards of Fresh Talent with Internships

Internships can be the ultimate “win-win” of employment. The intern wins by getting valuable work experience and training, and you win by getting a curious and dedicated worker who could return to your workforce down the road ready to hit the ground running.

Your Succession Plan May Benefit from a Separation of Business and Real Estate

Your succession plan should incorporate various strategies to accomplish your retirement and estate planning goals. One to consider: separating business interests from real estate holdings related to the company

Business vs. Hobby: The Tax Rules Have Changed

If you generate income from a passion such as cooking, woodworking, raising animals — or anything else — beware of the tax implications. They’ll vary depending on whether the activity is treated as a hobby or a business.

Three Questions You May Have After You File Your Return

Once your 2018 tax return has been successfully filed with the IRS, you may still have some questions. Here are brief answers to three questions that we’re frequently asked at this time of year.

It’s Not Too Late for Some Business Owners to Lower Their 2018 Taxes

Most businesses will owe less tax for the 2018 tax year than they would have under prior law, thanks to changes brought by the Tax Cuts and Jobs Act (TCJA). But have you done everything possible to lower your business tax bill for last year?

If Adopted, Overtime Pay Rules May Expand to More Employees

Newly proposed Department of Labor regulations, if finalized as written, will mean roughly 1.3 million workers who are currently treated as exempt will become eligible for overtime pay, beginning next year. Another provision sets a higher threshold for “highly compensated employee” status, potentially impacting another 200,000 workers. Here’s what it means.

How to Trim the Fat from Your Inventory

Inventory is expensive, so it needs to be as lean as possible. Businesses need to find ways to trim the fat from inventory without compromising revenue and customer service. This article has some suggestions, including using inventory ratios for benchmarking and reviewing product mix.

How Construction Firm Owners Can Make Better Use of Their Time

There’s a construction business commodity that’s incredibly important but often in short supply. Despite needing more of this resource, companies can’t buy it because it’s not for sale. It’s time.

Making Smart Mergers and Acquisitions under Today’s Tax Law

Many businesses will pay less federal income taxes in 2018 and beyond, thanks to the Tax Cuts and Jobs Act (TCJA). And some will spend their tax savings on merging with or acquiring another business. Before you jump on the M&A bandwagon, it’s important to understand how your transaction will be taxed under current tax law.

Financial Institutions: Growing Pains

Business development to success and growing growth concept, Businessman hand holding graph corporate future growth plan

As interest rates continue to rise, competition among banks for core deposits is heating up. This creates a challenge for community banks striving to grow their core deposits to fund lending activities. On the one hand, banks need to consider paying higher rates to attract deposits. On the other hand, increasing the cost of deposits cuts into their profit margins.