College Costs: How to Maximize Your Return on Investment
Many families view college as an investment in their children's futures. But the novel coronavirus (COVID-19) pandemic is causing families to reevaluate their options and, in some cases, make major, life-altering changes. Here's an overview of how much it currently costs to pursue an undergraduate degree and strategies to consider to cut higher education costs during these uncertain times.
Is it Time to Reopen Your Business? 10 Questions to Ask Yourself
If your business is still closed, should you reopen it soon or wait a while longer? With more states easing the restrictions imposed because of the novel coronavirus (COVID-19) pandemic, you may be facing that decision. If you do take advantage of the freedom to reopen, how will you proceed? The answer isn't always obvious. Here are 10 questions that may help you reach the right decision.
Global Fraud Epidemic: How to Keep Your Organization Safe
Small businesses and not-for-profits are particularly vulnerable to fraud schemes, according to the Report to the Nations: 2020 Global Study on Occupational Fraud and Abuse. Here are some eye-opening statistics and preventive measures to help combat fraud in your workplace. A sidebar discusses how the novel coronavirus (COVID-19) pandemic is providing opportunities for dishonest people to steal from small businesses.
Plan for Employee Safety as Employees Return to Work
Slowly but surely, some businesses that were closed, due to the novel coronavirus (COVID-19) pandemic, have reopened, at least partially. As more industries get the green light to call their employees back to work, employers need to safeguard the health of returning workers. A comprehensive and methodical approach may be the best way to go. Here are some considerations.
Can Your Business Survive and Even Thrive in These Trying Times?
Social distancing practices designed to slow the spread of novel coronavirus (COVID-19) have abruptly and dramatically suppressed global economic activity. As a result, many businesses have lowered their profit targets for 2020. But some businesses that seize opportunities may be able to outperform the competition and position themselves for future growth. The keys are to pivot swiftly, communicate often, collect timely data and tweak your pivot strategy as needed.
Boosting the Productivity of Remote Workers
If you have employees working from home because of the novel coronavirus (COVID-19) pandemic, you might be wondering about their productivity. Not everyone is cut out for at-home work, as the distractions can be endless. Those who haven't done it before may be struggling to produce the level and quality of output you need. Employers can, and should, help them along. Here's are some considerations.
How employers can get some financial relief with the retention tax credit
To help reduce layoffs during the coronavirus (COVID-19) pandemic, the Coronavirus Aid, Relief and Economic Security Act created a new federal income tax credit for employers that keep workers on their payrolls. This article answers some FAQs about the retention credit.
USMCA: New Trade Agreement Will Modernize NAFTA
The United States-Mexico-Canada Agreement (USMCA) updates the rules for trading manufactured goods in North American, strengthens protections for intellectual property and includes efforts to support small businesses. Here's an overview of highlights from the new agreement that will replace the North American Free Trade Agreement (NAFTA) on July 1.
Prepare for a Post-COVID-19 Business Sea Change
As the old saying goes, the future isn't what it used to be. Humor aside, most expectations of the future, including the business environment, are changing as the implications of the novel coronavirus (COVID-19) pandemic sink in. Where will it take your business? Alternatively, where will you take your business, to keep it strong?
CARES Act Provides 4 Possible Reasons to File an Amended Return
Retroactive tax-relief measures under the Coronavirus Aid, Relief, and Economic Security (CARES) Act may open up amended return opportunities to recover taxes paid in prior years. Should you or your business file an amended federal income tax return? Taxpayers that have incurred business losses, made qualified improvements to real estate or paid significant amounts of business interest expense are among those that could potentially benefit from amended returns.
Businesses: Think about Tomorrow When Hunkering Down Today
It's not easy to think long-term about your business when we're all dealing with the daily challenges presented by the novel coronavirus (COVID-19). But there will likely be better times ahead when this storm has passed. The steps you take now regarding your workforce such as possible cutbacks and communicating with laid off or furloughed workers could determine how well and how quickly your company is able to bounce back when the time comes.
COVID-19 Tax Relief: TCJA Loss Limitation Rules Are Eased
The Coronavirus Aid, Relief, and Economic Security (CARES) Act provides tax relief for businesses and individuals that incur losses during the novel coronavirus (COVID-19) pandemic. This article explains relief measures that allow liberalized deduction rules for losses that were previously limited by provisions in the Tax Cuts and Jobs Act. Amended federal income tax returns may be necessary to benefit from these relief measures for years that you've already filed returns.
Should You File a Business Interruption Claim for COVID-19 Losses?
Small businesses have lost billions of dollars during the novel coronavirus (COVID-19) pandemic. Those that had the foresight to purchase business interruption insurance to protect themselves from a disaster-related closing may want to file a claim as soon as possible. Unfortunately, it's likely that those claims will be denied at least until the courts and lawmakers can address the issue. In the meantime, your business can take certain proactive measures to establish its rights as the legal landscape evolves.