Services

New Options for Health Reimbursement Arrangements

Most small employers with less than 50 full time employees wanted to offer limited health benefits to their employees, but were restricted by the Affordable Care Act (ACA) to offer certain health reimbursement arrangements (HRAs) not integrated with other employer group coverage. Employers faced significant IRS penalties of $100 per “affected individual,” per day for offering HRAs to cover health insurance costs for the purchase of plans on the individual market.

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Cost Segregation Study Benefits

Cost segregation studies identify costs related to real property that can be reallocated to a short-life deprecation schedule. These studies are one of the most valuable tax saving strategies available for commercial real estate owners, leaseholders and others. For...

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3 Tips: Succession Planning for Restaurant Owners

3 Tips: Succession Planning for Restaurant Owners

Do you know where your restaurant is headed? Do you plan to pass the leadership or management to a different person? Is your restaurant establishment prepared for the unexpected? Every business, large or small, needs to have a succession plan. Building a thriving...

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Indicators of Benefit Plan Fraud

Fraud is an area most business owners and executives do not think about until something bad happens. What’s worse is by the time the misfortune has been discovered, the damage has already been inflicted. While most commonly think of fraud in the framework of the...

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Internal Controls Can Prevent Employee Theft

Accountants define internal controls as the most important item a business can focus on to improve quality and reduce risk within financial reporting. Business owners define internal controls as time consuming, expensive processes with limited rewards. STORY TIME Adam...

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