As your small business grows, so do your responsibilities and financial risks. Many business owners think fraud, theft and embezzlement could never strike their organizations. But all businesses have some exposure, particularly those where the owner is stretched for time and attention.
News & Insights
As a fiduciary, one violation of the Employee Retirement Income Security Act (ERISA) could cost you. Not your business. Not your boss. You. Under ERISA, employers and administrators have fiduciary responsibility, which means they are responsible for managing the company benefit plan properly and...
COBRA compliance has never been easier for our online benefit enrollment clients with our new COBRA integration tool. For current COBRA and online enrollment clients this enhancement streamlines the COBRA process, reducing manual errors and ensuring election notices are expedited.
Company executives and board members are your primary decision makers and often in the line of fire when disputes or liability issues arise. They’re generally personally named in lawsuits for alleged wrongful acts because of the positions they hold. Without the proper protection their personal...
When most individuals think of tax season, their minds jump to April. And hopefully a refund check. However, people are missing out on four months of preparation if they wait until April to assess their tax health. While the tax-planning responsibility rests with employees, there’s room for...
All business insurance policies (e.g., workers’ compensation, general liability, automobile) can be audited by the insurance carrier to verify a business’s reported risk exposure. Typically policies are audited at the end of a policy period, however, high-cost claims or inconsistencies in...
In the digital age, it is crucial for businesses to understand the legal risks a potentially vulnerable website can present under the American with Disabilities Act (ADA). According to federal dockets, 216 lawsuits were filed last year under Title III, alleging inaccessibility to company websites...
Presenting financials to a nonprofit's board of directors
Guest blogger: Tom Ross, CPA, Bukaty Payroll & Accounting Services
Nonprofits pose a special challenge to providers of bookkeeping services. The financials are complex and multilayered — and they must be presented to a board of directors...
Employers, who manage a fleet of vehicles or have auto coverage for employees who use their personal vehicle for work, are feeling the effects of rising auto insurance premiums. The increase is a direct result of “driving losses” that have outpaced the auto premiums collected. This industry-wide...