Business Planning & Consulting

Health care self-insurance and stop-loss coverage: What business owners need to know

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April 24, 2024
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For businesses, cost-effectively sponsoring a health insurance plan for employees is an ongoing battle. In the broadest sense, you have two options: fully insured or self-funded. A fully insured plan is simply one you buy from an insurer. Doing so limits your financial risk while offering the most predictable costs. The other option is what’s […]
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Tax Planning

FAQs on the General Business Credit

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April 8, 2024
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The general business credit (GBC) may help certain small businesses cut their federal income tax obligations significantly. This is an “umbrella” credit that encompasses various business-related credits, which are far more valuable than tax deductions. While deductions reduce only your taxable income, tax credits directly offset your tax liability on a dollar-for-dollar basis. Understanding the GBC […]
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