When it comes to employee benefits and compensation, salary is the king of the hill. But as Google is known for, rewarding employees goes beyond just the paycheck. Many companies have adopted perks like unlimited vacation, pet insurance, free food and beverages, and on-site massages. But what’s becoming clear, is that one-size will not fit all. Tailoring benefit options and offering flexibility in … [Read more...]
Employee Benefit Plans: Choosing the Best Options for your Business
Open enrollment for company employee benefit plans is underway. But before employees sit down and decide which plan benefits they plan to opt-in or opt-out of, small business owners have the task of creating those plans. Unfortunately, many small business owners “don’t always get to control the design of their plan the way large businesses do,” cautioned Renee Blaine, an HR Consultant and owner of … [Read more...]
Understanding and Utilizing Cash Flow
I often hear clients speaking of cash flow, typically when they do not have enough liquid funds coming through or when they are happy because their clients are paying very well. I seldom hear them talk about the reciprocal effects of cash flow for their business and hence for their household as related to their balance sheet.We are in terrific economic times right now. Banks are lending, … [Read more...]
Does your Small Business Need an HR Specialist?
Most small business owners wear many hats. However, the successful business owner recognizes when it’s time to call in a specialist for help. A tax accountant, a lawyer, a financial advisor or insurance provider are all members of your financial team. These individuals bring an expertise and knowledge base that saves your company time and money while implementing options you may not have been … [Read more...]
A Little Legal Prevention is Better than a Lot of Cure
We’ve talked about building a financial team that includes a strong attorney. Your attorney will play a major role in structuring and protecting the business. However, one of the most important tasks your lawyer will focus on is preventing potential legal liabilities. “The reality is that an ounce of legal prevention is worth a pound of cure in most circumstances,” explained George Megaloudis, … [Read more...]