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Sep 20

How to Control Overhead Costs

You cannot control costs if you do not know what they are. Unfortunately, many medical practices do not have enough granularity in their budgets to determine what is actually going on, let alone where to start making cuts if needed.

Sep 18

Why Law Firms Should Look to the Cloud

Cloud computing is not exactly new. It has been on the radar of efficiency and cost-minded businesses of all sizes for some time, but law firms have been slower to jump on board, largely because of privacy and security concerns. However, several newer cloud computing options address these issues, and many firms are concluding that the benefits far outweigh the risks.

Sep 14

Crossing That Bridge: Understanding the Pros and Cons of Bridge Loans

Investors and home buyers generally use bridge loans until they can secure long-term financing. As with any form of financing, there are advantages and disadvantages. This article summarizes what exactly bridge loans entail, and then delves in to the pros and cons of this type of financing.

Sep 13

Loan or Lease: What Is the Smartest Way to Finance New Asset Purchases?

Manufacturers that need to expand their facilities or update equipment may be weighing the pros and cons of financing versus leasing. This article explains tax, financial and practical considerations to help business owners make informed decisions.

Sep 12

Leaving a Financial Road Map for Your Loved One

We do not like to think about dying or becoming incapacitated due to illness, but it is important to be prepared.  In the event you become incapacitated or die, does your spouse or loved one know what assets you have or where they are located?  Do they know what bills need to be paid or how to pay them?  This article provides some questions and answers your loved ones need to know.

Sep 11

Managing a Successful 340B Discount Program

Most Americans are not aware of a little-known drug pricing program called the 340B Drug Discount Program (340B). The 340B program was created by the federal government in 1992 under Section 602 of the Veterans Health Care Act. However, its popularity only surged within the last five years when hospitals were required to register their offsite facilities which were using 340B drugs. Since its enactment in 1992, the 340B program has been expanded by Congress through various other laws which clarify or broaden the law, including guidance that allows hospitals and clinics to contract with outside pharmacies if they do not have one in-house.

Sep 05

What Is Buried Inside Your 401(k) or 403(b) Plan Fees?

Do you know and understand what are your 401(k) or 403(b) plan’s fees, and especially, what are inside those buried fees? Broadly speaking, retirement plan fees consist of fees and expenses associated with plan administration services, such as record keeping fees, and plan investment activities, such as investment management fees. But what are the fees buried inside your plan’s investment funds?

Aug 30

Gaining a Competitive Advantage: Putting a CRM System to Work for Your Law Firm

Law firms are always looking for a leg up on their competitors. When it comes to gaining the competitive advantage, many firms have implemented Client Relationship Management (CRM) software to provide a consistent experience for clients and prospects. This article will discuss the five best practices for a successful CRM implementation.

Aug 28

The Cook County Sweetened Beverage Tax is Bad for You – Just Like Sugar

Back in November of 2016, the Cook County Board of Commissioners passed the Cook County Sweetened Beverage Tax Ordinance. The tax is imposed at the rate of $0.01 per ounce on the retail sale of all sweetened beverages in Cook County. The tax was originally intended to go into effect July 1, 2017, but was… Continue reading »

Aug 23

Measuring Fundraising Success

Donors continue to look for more accountability and transparency from non-profits, especially regarding fundraising. Not only is the sum of money raised in campaigns meaningful, but how efficiently you are able to raise it, is fundamental to the non-profits success. For instance, one activity may project higher revenues than another activity, but measuring the activities’ success requires more than just evaluating the gross revenues.

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