A lot of things go into running a business, and one of the most important ones is maintaining its financial health. The best way to do that is by building a relationship with your CPA. After all, how can your CPA understand your business needs if he doesn’t know your business? This leads to the question: how often should you meet with your accountant, and what topics should you cover during these meetings? Let’s explore.
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Every entrepreneur will tell you that building a successful business is exhilarating – and the thought of letting it go is stressful. You’ve poured your heart and soul into nurturing your business, but what happens when it’s time to pass the torch?
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The impact of automatic enrollment in 401(k) plans is becoming increasingly evident. On average, 401(k) plans with an automatic enrollment feature have a 20% higher participation rate than plans without. This translates to a more financially secure future for your workforce. However, the landscape is set to shift further.
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While the IRS created a moratorium on new Employee Retention Credit (ERC) claims in September of last year, they have continued to process previously filed claims. However, increased concerns about fraudulent claims have led to a more rigorous review process.
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Employee theft is not just about millions of dollars embezzled from corporate giants. It happens in all kinds of businesses, from neighborhood stores to local cafes. And it’s often small, repeated actions that add up over time and significantly impact the bottom line. With their limited resources, small businesses can feel the pinch even more.
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At Boris Benic and Associates, we’re grateful for every opportunity to socialize with other business leaders. In fact, Boris Benic, Robert Puerto, and Chris Benic recently had the pleasure of attending the Eminae Mergers and Acquisition Holiday Black Tie Reception. This exclusive event served as a delightful blend of holiday festivities, a celebration of achievements throughout the year, and a fantastic networking opportunity.
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