Gen Z Residents Reshape Multifamily Operations
This cohort is 44 million strong, extremely tech-savvy and used to instant results. Are you prepared to handle their living needs?
Protecting Your Legacy: Creating a Self-Storage Business Succession Plan
Part of being a good self-storage owner is having a succession plan in place in case you’re unable or no longer want to steer the ship. Here are four common methods of transfer to explore so your business will be protected.
What is funneling, and how can it work for your dental practice?
Funneling is a campaign designed to draw in potential patients so they learn about your dental practice and its services. Shay Berman says once patients show interest, you keep funneling so that they want to make that all-important appointment.
How to calculate ROI for dental technology
Dr. Chris Salierno reminds dentists they don’t have to rely on their instincts to make big investment and technology decisions. Calculating an ROI formula can work wonders in determining how a practice’s dollars should be spent. Get started now.
Digital documents with e-signatures aren’t going away
If your business hasn’t yet adopted the technology to use digital documents with e-signatures, you may want to reconsider. When you can review and sign a business document online, it can be transmitted instantly and approved much more quickly than a paper one. A trusted provider should be able to outfit you with software that not only allows you to use digital docs with e-sigs, but also keep the resulting files encrypted and safe. Most important, today’s customers increasingly expect digitized business transactions. We can assist you in evaluating whether now is the time to “go digital” and, if so, in setting a reasonable budget for the software purchase and implementation.
Give your 401(k) plan a checkup at least once a year
Just as you presumably visit your doctor annually for a checkup, you should review the administrative processes and fiduciary procedures of your 401(k) plan at least once a year. Study your plan’s investment choices to determine whether the selection available to participants is appropriate. Calculate the amount of current participant fees associated with your plan’s investments and benchmark them against industry standards. Document how your plan selects and monitors investment managers and solicit participants’ feedback on the plan administrator’s performance. Last, but certainly not least, ensure your plan is fully in compliance with current regulations. Contact us for more info.
Tax credits may help with the high cost of raising children
If you’re a parent, or if you’re planning on having children, you know that it’s expensive to pay for their food, clothes, activities and education. Fortunately, there’s a tax credit available for taxpayers with children under the age of 17, as well as a dependent credit for older children.
Do you run your business from home? You might be eligible for home office deductions
If you’re self-employed and work from home, you may be entitled to home office deductions. However, you must satisfy strict rules. Eligible taxpayers can deduct direct expenses such as the costs of home office repairs. You can also deduct the indirect expenses of maintaining the office such as the allocable share of utility costs, depreciation, insurance, mortgage interest and real estate taxes. In general, you qualify for home office deductions if part of your home is used “regularly and exclusively” as your principal place of business. If your home isn’t your principal place of business, you may still be able to deduct home office expenses. Questions? We can explain more about the rules.