Resources

How to Leverage Fringe Benefits and Make More Competitive Bids

In general, government contracts are awarded to the lowest bidder. Yet prevailing wage laws require contractors to pay wages that are comparable to those for similar work in the same city or geographical area. Such laws can make it difficult for contractors to win public projects. However, you may have an opportunity to reduce costs and make your bids more competitive by leveraging fringe benefits. Let's look at this strategy.

If Coronavirus is Declared a Pandemic, What Do You Need to Know?

Currently, the Coronavirus is slowing down in China but is seeing increasingly greater spreading to other parts of the world.  As of Monday, Chinese official figures released showed there had been 409 new cases of the Novel Coronavirus and 150 new deaths from the outbreak in China, bringing the total confirmed cases to 77,150, with a cumulative death toll of 2,592.

When to Value an ESOP

One option business owners choose for succession planning is an employee stock ownership plan (ESOP). ESOPs can empower and retain employees as well as provide tax savings, but careful consideration needs to be given to how and when these plans are valued.

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