IRS Announces Retirement Plan Changes
Your max contributions to 401(k) plans for 2025 increase to $23,500, up from $23,000 for 2024, according to the IRS. The tax agency also issued technical guidance regarding...
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What's the Story on Meal Deductions?
Business meals: yes or no on deductions? In brief, you cannot take a deduction for any expense related to activities generally considered entertainment, amusement or recreation. However, you...
Payroll: Deadlines Are Key
Simple payroll errors are avoidable, but if you don’t pay attention, you could end up facing consequences that cost thousands of dollars in compliance penalties. Not only that...
How To Create a Raise Policy
In most cases, employees anticipate receiving a raise after working a certain amount of time at your firm — usually, six months to a year. Top performers who...
Choosing a Successor: Eight Tips
It's unavoidable: One day you will step down as CEO. When that time comes, choosing the right person to succeed you will help ensure the continued sustainability of your business. Click through for tips on choosing a successor.
Tips for Practicing Work-Life Balance
Finding the delicate balance between work and personal life can feel like an endless juggling act in the bustling business world. Small business owners, in particular, often find...