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2017
May 12

Is it Time for Your Company to Draft an Expense Policy?

Still don’t have a written expense policy? Do not worry, you are not alone. Many businesses and startups overlook this item at the beginning. Initially, it may seem unnecessary because there are not a lot of travel and expenses incurred and, if there are, they are mostly incurred by a select few people. However, as your business grows, you will notice more of your staff are either requesting reimbursements or you are having to add more employee credit cards to your account. Worse, you may begin to be concerned that your employees are over-spending on certain expenses. This article provides a few considerations you should take when drafting your company’s expense policy.

2017
May 05

Helping Soon-to-Be Retirees Understand RMD Rules

Employees who are approaching retirement age may be unaware of their required minimum distribution (RMD) obligations, which begin at age 70½ for both individual IRAs and 401(k)s. This article summarizes what they need to know for financial and tax-planning purposes.

2017
May 02

Communicating Your Financial Performance to Get Noticed By Investors

It is not easy communicating financial performance for investors. Inc. recently published an article titled, “Seven Horrifying Mistakes Founders Make in Their Pitches,” and that got me thinking about what the best approach is, specifically when communicating financial performance to investors. This article provides a few considerations business founders should take into account in order to best convey their business’ financial performance to investors.

2017
Apr 04

Be Prepared for Your Next — or First — QDRO

In the settlement of divorce cases, it is frequent to have the courts order that a portion of one spouse’s pension benefits be assigned to the other (soon to be former) spouse. However, it is up to the plan sponsor or administrator to determine whether the order qualifies as a Qualified Domestic Relations Order (QDRO). This article discusses common errors that plan sponsors encounter when qualifying a domestic relations order and how to handle the rejection of an order.

2017
Mar 24

Joining the ORBA Team

ORBA acquired Red Granite in 2016. This blog is meant to provide an overview of additional services and benefits that we can provide to our Red Granite clients who may not yet be familiar with our service model. Over the next few months, we will highlight both the traditional and unique services that we can provide to Red Granite clients and their owners and executives.

2017
Mar 10

Prioritize Your Tasks by ‘Eating Your Frogs’ First

“Eat Your Frogs” has become part of our team language over the past few years and, more importantly, it has become part of our culture. It is an idea and approach to help you stop procrastinating and prioritize your tasks appropriately. Our latest Cloud Services blog breaks down the meaning behind this saying in order to help you tackle the tasks that you have on your to-do plate.

2017
Mar 07

Fiduciary Duties: Reviewing & Benchmarking Plan Fees

Are the services a plan receives reasonably priced? Knowing the answer is a vital fiduciary duty. ERISA expects more from plan fiduciaries than simply shopping around for plan providers offering rock bottom rates. This article summarizes some key areas all fiduciaries must consider when benchmarking costs of their qualified retirement plan. A sidebar discusses a report that suggests ways employers can help current plan participants ease into retirement.

2017
Feb 20

Don’t Apologize for Raising Your Prices

Price hikes are always a delicate business decision to make. You do not want to raise your prices too high and scare your consumers or clients off, but you want to address your business needs. Our latest Cloud Services Group blog looks at strategies you can deploy at your business to raise the price of your product/service.

2017
Feb 09

Meet the Team: Chris Arndt

In our newest feature, “Meet the Team,” we introduce you to some of ORBA’s talented accountants and tax professionals. In this edition, learn more about Chris Arndt, Director of the firm’s Cloud Services Group.

2017
Feb 07

Understand Your Target-Date Fund Series

Target-date or lifecycle funds first came to market in 1994. Since then, they have experienced much growth with nearly every large financial institution today offering their own version of these funds. Along with target-date funds becoming a fundamental option of 401(k) plans, comes a fiduciary responsibility to monitor and evaluate them, much like other plan investments. This article examines key characteristics plan sponsors and investment committees should know about target-date funds.

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