February 27, 2020 / by Sherie Johnson / Deadlines, Newsletter, Small Business, Tax
In many industries, offering a 401(k) plan is a competitive necessity. If you don’t offer one and a competitor does, it could mean the difference in a job candidate’s decision to accept their offer over yours. It could even send employees heading for the door. Assuming you do offer a 401(k), the challenge then becomes […]
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Subchapter V: A silver lining for small businesses mulling bankruptcy
May 14, 2020 / by Sherie Johnson / Newsletter, Small Business
Many small businesses continue to struggle in the wake of the coronavirus (COVID-19) pandemic. Some have already closed their doors and are liquidating assets. Others, however, may have a relatively less onerous option: bankruptcy. Although bankruptcy obviously isn’t an optimal outcome for any small company, there may be a silver lining: A new bankruptcy law […]
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Give your 401(k) plan a checkup at least once a year
February 27, 2020 / by Sherie Johnson / Deadlines, Newsletter, Small Business, Tax
In many industries, offering a 401(k) plan is a competitive necessity. If you don’t offer one and a competitor does, it could mean the difference in a job candidate’s decision to accept their offer over yours. It could even send employees heading for the door. Assuming you do offer a 401(k), the challenge then becomes […]
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Contemplating compensation increases and pay for performance
August 9, 2018 / by bmc_admin / Small Business
As a business grows, one of many challenges it faces is identifying a competitive yet manageable compensation structure. After all, offer too little and you likely won’t have much success in hiring. Offer too much and you may compromise cash flow and profitability. But the challenge doesn’t end there. Once you have a feasible compensation […]
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