Employee Benefit Plans of the Future A lot has changed in how a company goes about setting up its employee benefit plan. The costs, risks and potential consequences reign immensely on a company to attract and retain great employees and be deemed an employer of choice. Strictly setting up an insured benefit plan is not the only solution as it … Read More
5 Critical Details Business Owners Need To Know About Their Group Long Term Disability
Does Your Group Long Term Disability Cover Business Owners? As a business owner, you are likely covered by your Group Benefits Plan. In previous articles, we’ve talked about how they shouldn’t pay any health and dental expenses in after-tax dollars provided the expenses are fair and reasonable. The larger potential risks to your business, your financial livelihood and that of … Read More
Strongly Consider These 7 Points When Deciding to Take a Salary or Dividend
Many business owners struggle with whether to take a salary or dividend from their business. If you look at it strictly from a mathematical standpoint, the difference is like splitting hairs. The government has made that decision pretty easy from a monetary standpoint. In the hands of the business owner, the two are virtually the same. The advantages were obvious … Read More