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Knowledge Base

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New Rule Requires Full Disclosure of 401(k) Data

The U.S. Dept. of Labor’s (DOL) Employee Benefits Security Administration (EBSA) issued final regulations involving 401(k)-type pension plans in October 2010 and implemented a deadline for employers in August, with the first regular reporting due in November of this year. The rule change didn’t get much publicity—is your company’s plan in full compliance? The new…

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Tips to a More Efficient Business

You’ve likely hard the term, “lean”, referring to business efficiency, but what exactly is it? Lean is defined as “a systematic approach to indentifiy and eliminating waste ( non-value-added activities from the eyes of the customer) through continuous improvement by flowing the product/ service at the pull of the customer in pursuit of perfection.” Lean…

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Creating the Fraud Resistant Company

Winston Churchill once said, “Civilizations that forget their past are doomed to repeat it.” A 2008 year-long national study revealed that employees, customers and suppliers stole more than 7% of the average U.S.-based companies’ revenues. The same study showed that during the massive frauds in the late 1990’s and early 2000’s, external CPA firms were…

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Importance of Franchise Disclosure Documents

Times have been difficult for all of us since the economic crisis of the 2000s, brought on, in part, by the carelessness of big business. But one light continued to shine through the clouds of economic downturn: franchising. How has this economic unit managed to weather the storm? Franchising Works for These Times Many people…

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Asset Protection – It’s Easier than You Think

When people think about asset protection, they tend to conjure up images of complex financial instruments arranged by offshore agents. Though this sophisticated planning may be an option for certain high-net-worth individuals, most of us don’t need it. Florida residents can use some relatively simple, “low tech” techniques to protect assets. Spousal Ownership Married couples…

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