With: Chad Nesbit
Chad explains the potential liability exposure that can hurt a business if something bad happens and there is no coverage. Errors & Omissions is a type of exposure that is not typically covered under your general liability insurance. We usually think of E & O coverage as something that Doctors, attorneys and accountants need to have. However is a coverage that all businesses should contemplate such as a trade business: contractor, plumber, electrician or HVAC firm in the instance of participating in the design of a system that ends up not functioning properly and leading to litigation. It should be considered by all businesses as he explains in this podcast.
Podcast: Play in new window | Download
In this podcast Mr Cameron and Nesbit talk to us about emergency planning for businesses. They cover the usual fire, theft, hail, tornado and other emergencies that first come to mind. They also discuss what could happen to a closely held business if the owner is suddenly disabled or killed in an accident. We cover life and disability insurance, buy sell agreements and succession planning questions. This podcast if important for business owners so that they can think about the possible risks that could disrupt a business, it’s employees, customers and venders and issues concerning the heirs.
Podcast: Play in new window | Download
In this podcast we get a more in depth review of affinity programs and more detail in how to find and use them to control all types of costs of a business including your insurance coverage. For anyone who is interested in this topic and has listened to Affinity Programs I this is a great follow up to show you how to use them to lower your costs.
Podcast: Play in new window | Download
Jeff W Jiang leads the China Strategies Consulting Group at his firm and is a native of China. His practice helps introduce business owners to China via seminars, organized trips to China and in helping them utilize his network of contacts in China to locate suitable partners to do business there. He tells us about the China economy and how to avoid problems doing business half the world away.
Podcast: Play in new window | Download
In this podcast Mr Locketz walks us thru the process of planning for possible disasters that could occur and disrupt a business. In the event of a fire, flood, tornado, the loss of data or other disruptions to a business it is essential to have backup plans that anticipate the possible risks that could have an adverse impact on your business. He discusses issues such as how to contact employees, customers, vendors and sources that could be available to keep your business running while you recover from a disaster. This podcast is a must listen for business owners so that you can anticipate possible problems and have a good idea how to deal with them should they occur.
Podcast: Play in new window | Download
The rules for successfully navigating qualified retirement plans require the advice of an experienced actuarial and benefits consulting group. We discuss the issues involved in simple IRA’s, 401(k) Profit Sharing Plans and Defined Benefit Plans in terms that are easy to understand and comprehend. We discover that the contribution limits, age discrimination rules and rules for setting up qualified plans that evenly weigh the benefits for employers and employees takes careful planning and implementation.
Podcast: Play in new window | Download
Most business owners have some key employees that require some sophisticated incentive plans to keep them happy. Since congress issues Section 409A in October 2004 the implementation of these plans has gotten more difficult in order to stop perceived abuses. We go over the types of plans that are subject to these new rules and the requirements in order to pass muster with the IRS. There are some serious consequences to not meeting these requirements that we go over as well. The recommendations referred to in this podcast will give you the information necessary to have a good discussion with your accountant to ensure that you are doing this properly.
Podcast: Play in new window | Download
This podcast is a discussion of recent tax changes as of April 2009. It includes changes to the net operating loss rule, bonus depreciation, code section 179, rules for re-acquired debt, debt forgiveness, changes to the “built in gain” rules and some new work opportunity credits such as for hiring eligible veterans. Easy listening for heavy tax changes that you will want to discuss with your accountant.
Podcast: Play in new window | Download
This podcast explains why using a personal assessment tool as sophisticated and easy to use and the Predictive Index can be helpful to business owners in hiring employees and understanding their talents and abilities helps you to put them in a position to be successful within your business. It also is valuable in understanding who they are and how to manage them so that both the employer and the employee are happy, productive and successful in their relationship.
Podcast: Play in new window | Download
