When your employee benefit plan grows beyond 100 eligible participants, it triggers the need to take deeper look at whether an audit is needed. At first sight, an audit requirement can appear to be an intimidating and daunting task. Your audit team will ask you a number of questions you may expect about the plan, including employee census and payroll data, contribution history, plan financial statement information, and more. What…  Read more

After the political back-and-forth between the United States and China, the current tariff rate sits at 25% on $250 billion in Chinese products according to Kim Slowey of Construction Dive. We know that tariffs increase cost, but what does that mean for those in the construction industry? Ken Simonson, the chief economist for the Associated General Contractors of America, (AGC) said it best: “Sometimes just the threat of an increase…  Read more

Stale inventory is a costly nuisance for any business owner. Ideally the rule of thumb is to sell the goods taking up space on your sale floor within 90 days; after the three month mark stale inventory becomes dead inventory. Products are much harder to move and nearly impossible to get top dollar for. Fortunately there are a number of ways to recoup at least part of your investment on…  Read more