Christine Hradsky No Comments

What Can Employers Do with Forfeited Employee FSA Balances?

FSA Balances

FSA balances can be forfeited back to the employer, pending several options and rules.

When unused flexible spending account (FSA) balances are forfeited back to employers under the “use-it-or-lose-it” rule, employers have several options for what they can do with the money. Here is what employers need to know after first covering some necessary background information. Read more

Christine Hradsky No Comments

A Strategic Plan Should Also Include a Succession Plan

Strategic Plan

“If you fail to plan, you are planning to fail.” — Benjamin Franklin

Many small businesses prepare — and regularly update — a strategic plan, but many overlook this important task.

Whether your business falls into the “have” or a “have-not” category, a strategic plan can be an invaluable resource to help your company accomplish its ultimate objectives. And part of this process involves having a succession or exit plan. Read more