Get familiar with executive bonus plans, non-qualified deferred compensation plans, income tax consequences and benefit funding approaches.
When one is ready to transition out of the business, it's important to minimize taxation, minimize risk and maintain one's lifestyle.
Keeping employees protected while ensuring the financial viability of the business is critical to morale and profitability.
Introduce employees to personal financial concepts to potentially improve financial decision-making, clarity and confidence.
Key person insurance is a standard insurance policy that is usually owned by the business and whose premiums are paid by the business.
Here are some quick, inexpensive, and potentially effective ways to motivate your employees and improve your employee retention.
The right record keeping system not only helps satisfy tax and legal obligations, but certain considerations may save you money and time.