The Department of Education has issued new rules for campus-sponsored debit and prepaid credit cards that are directly linked to financial aid disbursements. While many financial institutions have partnerships with colleges to market these products as financial aid tools, consumer groups argue that they sometimes come at a high cost to students. As a result,…
On May 18, 2016 President Obama and Secretary Perez announced the publication of the Department of Labor’s Final Rule which ends two years of speculation regarding the effect which the proposal would have on both employees and employers. According to the Department of Labor, these rules will affect more than 4 million workers. The Final Rule…
I often get questions from clients, friends, friends of friends and acquaintances who are facing litigation. The common thread among them is that they just do not know what to expect. Many of the attorneys I have worked with are excellent at educating their clients on the case and the path a litigation will take,…
Keeping a close eye on your company’s finances may seem tedious, but it is a critical task for the success of a growing business. Consistent financial management allows you to make more informed spending decisions and better the future of your company. Follow these five tips to keep your finances in top order: Separate your…
While retirement confidence among U.S. workers appears to be stabilizing, confidence among today’s retirees continues to climb, finds the Employee Benefit Research Institute (EBRI) in its latest Retirement Confidence Survey. Workers who said they were “very confident” in their ability to afford a comfortable retirement rose from 13% in 2013 to 22% last year. In…
The federal income tax filing deadline for most individuals is Monday, April 18, 2016. That’s because Emancipation Day, a legal holiday in Washington, D.C., falls on Friday, April 15, this year. If you live in Massachusetts or Maine, you have until Tuesday, April 19, to file your return because Patriots’ Day, a legal holiday in…
Many business owners become so focused on developing income that they underestimate the importance of sufficient security measures, and the cost of exposing your information to cyber attacks. Digital criminals are betting on your company to have more worthwhile data than individuals, but with less advanced protection than larger corporations. From 2011 to 2012, the…
You worked hard to obtain the funding your company deserves, but how can you be sure your finances won’t diminish too quickly once you’ve reached your goal? Too many business owners get so caught up with funding that they can unintentionally neglect the long-term quality and stability of their organization. Rather than drowning from all-too-common,…
There’s still time to make a regular IRA contribution for 2015 You have until your tax return due date (not including extensions) to contribute up to $5,500 for 2015 ($6,500 if you were age 50 by December 31, 2015). For most taxpayers, the contribution deadline for 2015 is April 18, 2016 (April 19, 2016, if you…
Nonprofit organizations are leading the way for innovative environmental practices that help save our planet, and their funding. Adopting these energy-efficient standards will help you make the most of your valuable efforts and spread the word about your mission, all while decreasing your footprint: Supplies and Operations Switch to LED bulbs for long-lasting, efficient lighting,…