Accounting: Magic Wand?
When done well, automating the accounting tasks involved in running a construction business can certainly result in efficiency gains. Here’s the hitch though: a lack of understanding about your financial operations, and errors in your…
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Sink or swim? Onboarding Please
After scurrying to make a hire and get the project moving, you send a newbie off with a few instructions, an old copy of the safety procedures, and hope for the best. You hired them…
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Good Idea: Successor Trustee
Many people find that establishing a trust is a great approach to estate planning. Trusts can be set up to accomplish a variety of goals both during our lifetimes and after we die. When creating…
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Friends Furever: Setting Up A Pet Trust
Dogs rule. Cats…Fish? Gerbils? Birds….Statistics show that young and old continue to invest heavily in pets. We appreciate their loyalty, and welcome the joy they add to our days. But when we choose to bring…
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Asset Rich But Cybersecurity Poor?
Many retirement plan sponsors remain unaware that as ERISA fiduciaries, they are obligated to mitigate cybersecurity risks to the retirement plan. It is dangerous to ignore the intersection of fiduciary and cyber responsibilities, so read…
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How Important Is a 401k?
Very! A 401k plan has become an increasingly sought after benefit among workers. Plan sponsorship turns out to be good for business too: sponsoring a 401k plan helps even small businesses attract talented employees, and…
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Confused About Outsourcing?
It’s common practice for retirement plan sponsors to outsource services and support. Doing so is a wise move, since outsourcing frees businesses to focus on their core functions, and brings expertise to the retirement…
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Gen X: Ready Or Not—Retirement!
Even as Baby Boomers retire, and un-retire, and as the “great transfer” of their wealth to younger generations unfolds, the oldest members of Gen X are hitting 60 this year, and many hope to retire…
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Profitable Projects: Job Costing
The project sounds good and at a glance, the dollar signs look good too. Be careful, though. If you don’t have a way to assign expenses to each project—-aka job costing—- you don’t really know…
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