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.
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.
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.
We see measuring analytics as an essential tool to scale your business. And, if you are a loyal reader, you know we never go too long without writing about our beloved metrics. However, do you know which metrics are essential to your business and the stage of growth you are in? In this article, we provide a breakdown of some of the Key Performance Indicators (KPIs) for growth in common business models.
Company culture is an essential part of any successful business. Often in the midst of developing or growing a business, enhancing company culture may be overlooked. This, however, can be a missed opportunity to grow and strengthen your company. The better your culture is, the easier it is to not only attract top talent but to retain these employees. This blog provides five tips on how you can create a healthy company culture that will result in engaged, productive and satisfied employees.
It is not uncommon for previously active employed plan participants to fall off the radar screen. They include retirees and former employees that move away without informing the plan administrator. Before anyone realizes it, they become “lost” participants. This article details the steps to take when dealing with these participants.
Did you catch our post on prepping for year-end? We know you are busy, so if you happened to miss it, No. 10 on the list was familiarizing yourself with the new tax law changes. Wondering where to even begin? Well, the research and development (R&D) tax credit is one you will not want to miss. This article takes a closer look at the logistics to this tax credit and how it can benefit startup companies and growing businesses.
You may remember that we recently posted our essential year-end checklist. In this article, we take a closer look into the strategy of using up your end-of-the-year budgets to maximize your tax deductions in the current year.
Auto-enrolling 401(k) plan participants without also incorporating an auto-escalation feature might be a counterproductive exercise. Survey data suggests that average 401(k) plan deferral rates have been trending downward even though more employers are adopting auto-enrollment. The apparent culprit: low auto-deferral rates. This brief article highlights how to use both auto-enrollment and auto-escalation clauses to help benefit employees.
Many business owners are coming up on what may be an especially hectic time: year-end. In light of this busy time of year, we polled our staff and came up with a checklist to consider as you approach the end of 2016.