It’s happening: Using social media for customer service

Everyone is on social media these days, including businesses and their customers. This creates a natural — or shall we say virtual — nexus for companies to field questions, comments and complaints from buyers or those interested in their products or services. In other words, whether companies realize it or not, customer service is happening […]

The tax advantages of hiring your child this summer

Summer is around the corner so you may be thinking about hiring young people at your small business. At the same time, you may have children looking to earn extra spending money. You can save family income and payroll taxes by putting your child on the payroll. It’s a win-win! Here are four tax advantages. […]

Starting a Business in Indiana: Some Simple Steps  

Starting a business is exciting but can be daunting if you’re an aspiring entrepreneur in Indiana and are ready to turn your dreams into reality. Don’t let the uncertainty of taking the plunge keep you from achieving success; with this guide on how to start a business in Indiana, we’ll walk you through all the […]

How businesses can use stress testing to improve risk management

If you’ve been following the news lately, you’ve surely heard or read about the sudden rise in concern about the banking industry. Although the story is still unfolding, an important lesson for business owners is already clear: You’ve got to be constantly on guard against the many risks to your company’s financial solvency. One way […]

Choosing an entity for your business? How about an S corporation?

If you’re starting a business with some partners and wondering what type of entity to form, an S corporation may be the most suitable form of business for your new venture. Here are some of the reasons why. A big benefit of an S corporation over a partnership is that as S corporation shareholders, you won’t […]

Hire the Best Bookkeeping Services and Grow Exponentially

Are you feeling overwhelmed by managing your finances lately? Growing a business can be challenging, especially when finances are involved. If this is your situation, then consider hiring professional bookkeeping services.Whether for an individual or a business, bookkeepers offer stability and efficiency in money management that helps prevent financial mismanagement and promotes exponential growth for […]

ACA penalties will rise in 2024

Recently, the IRS announced 2024 indexing adjustments to the applicable dollar amount used to calculate employer shared responsibility penalties under the Affordable Care Act (ACA). Although next year might seem a long way off, it’s best to get an early start on determining whether your business is an applicable large employer (ALE) under the ACA. If […]

Keep an eye out for executive fraud

Occupational fraud can be defined as crimes committed by employees against the organizations that they work for. Perhaps its most dangerous variation is executive fraud — that is, wrongdoings by those in the C-Suite. Senior-level execs are in a prime position to not only inflict substantial amounts of financial damage, but also severely impair the […]

Forming a cross-functional sales team

Business owners are often warned about silos. Not the tall, cylindrical structures typically seen on farms or at grain processing facilities. Rather, the insular nature of many departments that results in the hoarding of information and a distinct lack of companywide communication. Among the most damaging effects of having silos within a business is poor […]