Category: Business Practices
What Gets Monitored Gets Detected
Security settings can help track access to information. Organizations can use security settings to monitor and prevent access to unauthorized processes that allow a fraudster the opportunity to steal and cover his or her tracks. Automatic electronic notifications can raise...
GUEST AUTHOR BRIAN CLEMENT: Self-Insured Medical Plans for Employers of All Sizes – A New Reality in Today’s Health Insurance Market
[caption id="attachment_2376" align="alignleft" width="175"] Brian Clement, Ralph C. Wilson Agency, Inc.[/caption] As a buyer of health insurance for employees, I suppose you’re faced with the annual challenge of finding the perfect balance of benefits and budget while operating in a...
Employer deadline for providing health insurance extended again
The deadline for providing health insurance to employees extended again (from 2015 to 2016) but only for employers with under 100 employees. Large employers still need to comply with the original deadline (effective now) of the Affordable Care Act. For...
Why your CPA cares about your passwords, and why they might affect your business
As accountants we are always looking for internal controls to protect assets, whether they are personal or company. Passwords--good ones--are a first line of defense against someone (an employee or external threat) hacking into your business' most important data troves....
Guidance for restauranteurs on “comped” meals
The practice of providing a restaurant meal for no charge, or "comping", is fairly common in the hospitality business. Reporting this meal correctly for tax purposes is less common, as the State of Michigan tax code is fairly ambiguous on...
Small business employers should expect higher health insurance premiums in 2016
Under the Affordable Care Act, currently "small" employers who are required under HCRA to provide health insurance are grouped in with larger employers for the amount of premiums they are charged. However, starting in 2016, employers with 100 or less...
Three Steps to Safeguard Against Corruption
More and more companies of all sizes invest in doing business abroad. It is possible in today’s global economy that your company too, has expanded its markets out of the state and the country. The intersection of several trends is...
Electronic Payments Rise, but Paper Checks Still Dominate
Paper checks remain the most common method of payment by U.S. businesses. Half of companies in a recent survey by the Association for Financial Professionals (AFP) both receive and make payments by check more than other methods. Businesses are hesitant...
Don’t leave employees cold with poor communication practices
It's cold and dark outside in January, but employees shouldn't feel left in the dark when it comes to communication and information sharing inside the office. That’s the finding of a new survey of human resources professionals, which found that...
Be aware of recent personal property tax exemption changes in Michigan
In December of 2012, Governor Snyder signed into law eleven bills affecting the taxation of personal property. The majority of these Acts do not take effect until December 31, 2015 for the 2016 tax year; further guidance on those Acts...