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Cadillac Health Plans

Employers must start making decisions on health care plans for 2018 with the knowledge that, for now at least, Obamacare is still the law of the land.   The law includes the so-called Cadillac tax on high-cost plans, a 40% excise tax on plans costing at least...

Asset or expense?

In my dealing with clients the subject of employees comes up a lot.  Beyond the basic payroll and HR components employees have a tremendous impact on your business.   I have clients who view their employees as expenses plain and simple.  They know that every...

The Downfall of Sears

Granted I have written on this topic before, but it now looks like Edward S. Lampert has Sears swirling th drain.   The stock is trading is trading below $8 per share.   But apparently the media is too blame and not the incompetency’s of Lambert.  Believing...

The life cycle of the family business

I was watching the TV show “Billions” specifically the episode “Yumtime”.  The main character Axelrod, bought a 4.9% stake in a publically traded business.  This business was being run by the third generation of the family.   Axelrod was dissatisfied by the...

The categories of entrepreneurship

During my career I have run into entrepreneurs that fall into roughly five different categories.   First there are those who have their own ideas and plan to build their business from the ground up.  This is the way I started my business.   The second...

Customer Service

About a month ago I was delivering a client’s return to the Shiller Park offices of the IRS.  I was doing this because the client had not filed corporate of personal returns for a few years and I wanted to ensure that the first years was filed immediately upon...

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