Purchasing a going concern can be a great way to go into business. The company you are buying may already have established customers or clients, smoothly running operations, trained employees, and cash flow. But buying a business can be risky – it requires dedicated due diligence. The following are ways
The remote workforce is growing stronger. A large percentage of employees are now working away from the office one or more days per week. There are many advantages to providing special perks for remote workers. Here are some examples of the types of benefits you can offer employees who work
If your small business is on a budget, you may wonder if it is worth the cost to offer group benefits to your employees. Bear in mind that your workers are your company’s most valuable asset. Think of group benefits as an investment in the future of your business, with
The first step in understanding the difference is to spell out what these abbreviations stand for. “ICHRA” stands for “Individual Coverage Health Reimbursement Arrangement.” “QSEHRA” stands for “Qualified Small Employer Health Reimbursement Arrangement.” What Is an Individual Coverage Health Reimbursement Arrangement? An ICHRA is a new type of health reimbursement
Fantasy football kicks off on September 9. This popular activity can actually be good for your employees’ mental health. It promotes camaraderie and healthy competition and develops critical thinking, decision-making, and leadership skills. It has also been found to increase productivity and co-worker engagement. If you would like to start
All employers want to have a team of loyal, dedicated workers, but what does it take? Today’s generation of workers is seeking a more positive work-life balance. As an employer, you can foster higher employee loyalty by offering certain benefits to your current and prospective employees. Your employees are often
2020 and 2021 have brought a new set of challenges to employers – and their workers. Unless your business delivered essential services, it is likely that most of your employees worked from home. While many businesses have “weathered the storm” and will return to doing business as usual, others are
You are fortunate if you work for a company that offers a 401(k) plan as part of its benefits package. Most plans allow employees to start contributing tax-deferred dollars toward retirement with the first paycheck. Many employers provide matching contributions right away, although some require a year of service before
It is important to plan for the future of a business, but life can be unpredictable. A buy/sell protection plan is designed to help keep your business secure if the unexpected should occur. What Is a Buy/Sell Agreement? A buy/sell agreement is a contract between business partners, stipulating how a
An HSA (health savings account) or FSA (flexible spending account) has many benefits. These accounts are used to pay out-of-pocket healthcare costs. To establish an HSA, you must have coverage with a high-deductible health insurance plan. The funds you put in the account are not taxed and will roll over
