Remove accounting what-are-liabilities
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Ten Tax Planning Tips for 2022

Money Talk

In an earlier blog post , I described 12 tax planning topics for 2022. There are online calculators like this one than can show you what you could save. Also consider some savings in taxable and/or tax-free accounts so you have tax diversification (i.e., Take time now to research potential account custodians.

Taxes 262
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Financial Improvement Strategies for a New Year

Money Talk

Reconcile and file bank checking account statements monthly. Be sure to cover “big ticket” risks, such as liability, disability, loss of a breadwinner’s income, and destruction of your home, that would wipe out your savings without insurance coverage. Below are ten suggestions to improve your finances during the year ahead: 1.

401(k) 238
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Why Your Firm May Need Professional Liability Coverage

InterWest Insurance Services

Many companies are leaving themselves exposed to lawsuits for errors and other issues that crop up in their work because they lack professional liability insurance. Coverage gaps If you are relying solely on a general liability policy, it may not cover you in the event of a lawsuit over an issue with the services that you have rendered.

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‘Nuclear’ Jury Verdicts Blowing Up Businesses

InterWest Insurance Services

The sizes of large jury verdicts have exploded in recent years, putting a strain on businesses not only for what they have to pay out of pocket, but also the size of the premium they pay for their liability coverage. Each of these lines is now in hard-market territory as rates continue rising to account for these large jury awards.

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Growing Risks of Benefits, Payroll Platforms

InterWest Insurance Services

The results of a hacker gaining access to the company’s payroll systems, sloshing with cash, as well as employees’ personally identifiable information can be devastating both to the employer as well as its workers, according to a blog by the law firm McLane Middleton. Bank account information for employees and dependents, and.

Payroll 98
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As Risks Rise, You Need a Commercial Umbrella

InterWest Insurance Services

As a responsible business owner, you no doubt make sure that you are properly insured for any liabilities resulting from damage to other parties. But, imagine the following scenarios: What if a visitor trips and falls at your business, breaking a leg and is unable to work for a few months while they recover? Business auto liability.

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The Significance of Ethics in a Business Setting

Qandle

These principles include honesty, fairness, transparency, accountability, and respect for stakeholders’ interests. What is the significance of ethics in business? What are leadership and employee ethics? Ethics play a critical role in shaping the way businesses operate and are perceived by society.