This month’s Commonsense CPA focuses on an attractive retention tool that is generally underutilized by small businesses: Educational Assistance Programs. You may not be able to beat the entire labor market by expanding your benefits, but I believe that investing in your people will always pay dividends, plus a well designed plan can be easy to administer and adapt to the current economic conditions of your business.
Tax Reminder: Guaranteed Payments vs. W2 Wages
The Restaurant Rule of Thirty Percent
“It’s not a lie, it’s an adjustment. It’s the rule of three….if a guy tells you how many girls he’s hooked up with, it’s not even close to that. You take that number and divide by three, then you get the real total. So if Kevin’s saying it’s been three girls, it’s more like one. Or none!....The Rule of three, it’s an exact science. Consistent as gravity.” – American Pie