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A Living Will is Not a Will — But No Less Important
Lawyers are occasionally guilty of speaking legal jargon that a non-lawyer has no idea what the lawyer is talking about. For example, an estate-planning lawyer (or perhaps an estate-planning website you found) may suggest that you execute a living will in addition to a will, health-care proxy, and power of attorney. Like the article title […]
New York’s DSRIP implementation continues
“Beware of little expenses; a small leak can sink a great ship.” — Benjamin Franklin The “Big Squeeze” continues in New York state, affecting each
Survey says: Diversity IS Good for Business
As business professionals, we recognize “knowing your customer” as a best practice in entrepreneurship for target marketing. According to Entrepreneur Magazine’s Small Business Encyclopedia, “the consumer marketplace has become so differentiated; it’s a misconception to talk about the marketplace in any kind of general way anymore.” With this recognition then, there is a naturally following need
What’s the Secret Sauce to Effective Performance Management?
At the start of February, we heard news about a former manager at Yahoo challenging in federal court the company’s quarterly performance review (QPR). This came just after IBM announced it would replace the annual performance review it has used for 10 years with a new system called “Checkpoint.” Meanwhile GE, Adobe, Microsoft, and many
We hear most every day about one type of security or privacy breach or another. It seems that many Americans have become a bit numb to the topic. Perhaps this is a product of the numerous detailed and required communications that are provided when a breach occurs, a lack of understanding, or the classic perception
Human-Resources Audits Prove to be an Effective Risk-Management Tool
One of the largest investments an organization makes is in its employees. As companies grow and evolve, often human-resources policies and procedures lag behind and are a last area of concern. Experience has repeatedly shown that the most progressive employers do not wait for an unanticipated employee situation, when it may be too late, to
How Safe is Your Employees’ Personal Information?
Employers must take immediate action The IRS issued an alert on March 1 to payroll and HR professionals about new phishing scheme involving W-2 information. Employers need to take immediate steps to confirm the security of their employees’ personal information. The alert describes a scheme that has already claimed several victims. Payroll and human-resources officers have
Using Tax-Exempt Financing to Help Attract Foreign-Direct Investment
If you are a manufacturer, bank, or economic-development organization (EDO), you need to know about Section 144 of the IRS Tax code: https://www.irs.gov/Tax-Exempt-Bonds/Section-144-Small-Issue-Bond-Defined-10000000-Limit-Manufacturing-Facility. This government-sponsored program is meant to help stimulate public and private investment from abroad and here locally. Manufacturers, assisted living, multi-unit, waste management, and other for-profit entities can take advantage of this
Entrepreneurial Leadership: The Answer to Fixing Our Economy
We need more entrepreneurs and startups in America to restore our economy, one that was once the envy of the world. Entrepreneurs are people who own businesses. However, I know a lot of them that are not very entrepreneurial. Startups are new companies whose failure rate runs between 50 percent and 85 percent, depending on
Once upon a time … there was good audit prep
“This year will be better,” you swear to it. If only doing were as simple as thinking. Oh, but it can be that way. Let me tell you a little story. Once upon a time there was a client who had a messy office and a messier string of bookkeepers. After several years of prolonged
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