Whether you had a child in college or graduate school last year or were a student yourself, you may be eligible for some valuable tax breaks on your 2017 return. One such break that had expired December 31, 2016, was just extended under the recently...
Workers’ compensation fraud costs American employers millions of dollars a year. The most publicized form of the fraud involves bogus claims by workers, but they are not always the perpetrators. Sometimes, health care providers and insurance carriers try to pull workers’ compensation scams, too. Employee-perpetrated scams The...
Breakeven analysis can be useful when investing in new equipment, launching a new product, or analyzing the effects of a cost reduction plan. The breakeven point is fairly easy to calculate using information from your company’s income statement. Here are the details: Analyzing your costs Breakeven can...
Employers spend countless hours and dollars recruiting good people. On the one hand, each new hire brings fresh strategic ideas, offers creative feedback, and, most importantly, provides distinctive insight into your organization’s mission and operations. On the other hand, recruiting procedures — even effective ones...
Americans hold billions of dollars in annuities, yet they are widely misunderstood. Used properly, an annuity can serve valuable purposes in personal financial planning. On the other hand, some types of annuities are widely criticized, even scorned, by some financial advisers. Lifelong income What might be considered...
Many businesses train employees how to do their jobs and only their jobs. However, amazing things can happen when you also teach staff to actively involve themselves in a profitability process — that is, an ongoing, idea-generating system aimed at adding value to your company’s...
According to the 2017 Non-Profit Employment Practices Survey by human resources (HR) consultant Nonprofit HR, charities are hiring at a faster pace than for-profit companies. Of the non-profits surveyed, 50% reported they would add staffers, compared to 40% of for-profit businesses. Yet plenty of non-profits are...
With rising health care costs, claiming whatever tax breaks related to health care that you can is more important than ever. But there is a threshold for deducting medical expenses that may be hard to meet. Fortunately, the Tax Cuts and Jobs Act (TCJA) has...
The average total cost at private, non-profit four-year institutions reached $46,950 in the 2017–2018 school year, up from $45,370 a year ago. Those are the published charges for tuition, fees, room, and board. For in-state students living on campus at public universities, comparable average costs...
If only employees prone to fraud had the letter ‘F’ stamped on their forehead? You could monitor them closely and make sure they never had access to the accounting books, but potential thieves are never that obvious. It starts with pressure In many cases, employees who commit...