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Retirement Planning for the Self-Employed: 5 Options for Lowering Taxes and Maximizing Saving
Choosing the right retirement plan can be confusing and overwhelming. Multiple options are available, which is a good thing, but understanding their attributes and intricacies takes time. Additionally, there are frequent updates and changes made by the IRS, such as the CARES Act in 2020 and SECURE Act in 2019, that cha
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Risk Management in Business
No business is short on challenges in its quest to further its growth and development, particularly in its early stages. You could in fact argue that there are two sides to a ledger that businesses exist upon: on one sits the small and early-stage businesses, with the odds of long-term survival set against them, and on
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The 401(k) Contribution Limit Is Increasing in 2020
The IRS just announced its latest inflation adjustments for 2020, and one of the most significant for investors is the upward adjustment in the contribution limits to 401(k) and other qualified retirement plans. With that in mind, here's a discussion of just how much more you can legally save in your tax-advantaged emp
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The Importance of Regular Feedback
In theory, we are all very aware of how important feedback is. In practice, the sheer amount of work we need to get through on a daily basis often prevents us from thinking about delivering and requesting feedback from others. With the workplace undergoing more dramatic and turbulent changes, we are forced to reconside
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The New Diversity Approaches Corporations Desperately Need
What do companies need to do to get diversity and inclusion right?gettyby Erik ShermanUntold millions of dollars plowed into six decades of corporate diversity training and consulting have failed to transform businesses, their cultures and the makeup of executive ranks, researchers say. Multiple diversity experts who a
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The Pros and Cons of Debt Consolidation
With low interest rates currently available for many borrowers, debt consolidation is on the minds of many people looking to consolidate their high-interest debt. Debt consolidation provides you with a new loan that pays off existing debt, leaving you with one loan instead of several. This can be helpful if the interes
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The Secret To Business Survival In Today’s Tough Market
By Brenda StoltzLearn key business strategies that could mean the difference between thriving or failing during these uncertain times.gettyAs we were ringing in 2020, it’s safe to say that almost no one could have imagined the novel year that was virtually at our doorsteps. Like a monsoon, Covid-19 arrived, and with it
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What employers can do to combat rising health care costs in the new year
In the 2020 coverage year, Affordable Care Act marketplace premiums for private health insurance will be reduced by an average of four percent. In contrast, according to a survey conducted by the National Business Group, health care benefit costs are expected to rise by five percent in the new year. This cost increase
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What Should Your Business Still Be Doing Manually, Anyway?
When it comes to business, there are a few tasks that you're better off doing manually.gettyWhen it comes to business processes, many companies try to automate as much as possible to help save time and streamline operations. From accounting software to social media tools, there are countless ways to automate small and
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When Is Inflation Good for the Economy?
Inflation is and has been a highly debated phenomenon in economics. Even the use of the word "inflation" has different meanings in different contexts. Many economists, businessmen, and politicians maintain that moderate inflation levels are needed to drive consumption, assuming that higher levels of spending are crucia