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May 2, 2025

Cost management is critical for companies today

Cost Management, Customers, Sales & Marketing, Small Business, Small Business Owners /

Many business owners take an informal approach to controlling costs, tackling the issue only when it becomes an obvious problem. A better way to handle it is through proactive, systematic cost management. This means segmenting your company into its major spending areas and continuously adjusting how you allocate dollars to each. Here are a few […]

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An education plan can pay off for your employees — and your business

Education Tax Breaks, Employees, Small Business, Small Business Owners, Unincorporated Business /

Your business can set up an educational assistance plan that can give each eligible employee up to $5,250 in annual federal-income-tax-free and federal-payroll-tax-free benefits. These tax-favored plans are called Section 127 plans after the tax code section that allows them. Plan basics Sec. 127 plans can cover the cost of almost anything that constitutes education, including

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