The Department of Labor announced new rules that will require financial advisors and brokers to act in the best interests of their clients when handling individual retirement and 401(k) investment accounts. Seems like common sense? It is, but unfortunately the advice provided by brokers isn’t always in their client’s best interest but rather the amount [...]

Employer anxiety about offering you a 401(k) plan is rising rapidly, and for potentially good—and expensive—reasons. Class-action lawyers are targeting a wider variety of alleged breaches of fiduciary duty in retirement offerings and suing a broader range of entities, including college and university 403(b) plans. The latest burst of litigation came Wednesday by Schlichter Bogard & Denton, a law firm with a track [...]

Whether it’s “Family First” or “America First,” small business owners say economic policy is their chief concern heading into the presidential election. In Manta’s most recent election poll, small business owners rated economic policies, health care reform and immigration policies as the most important factors in voting for either Donald Trump or Hillary Clinton. Asked [...]

There are plenty of reasons to get married. Your taxes may not be one of them. Some couples—generally those with one person who earns far more than the other—will see their tax bills fall after marriage. But for two well-paid professionals, tax bills can soar post-marriage, as their combined incomes put them in the highest tax brackets. And [...]

As a small business owner, it’s easy to fall into the trap of thinking that a business valuation simply isn’t necessary, at least not yet. After all, you’re busy trying to grow your business. You can worry about what your business is worth down the road, when it’s time to sell or think about retirement, [...]

In most banks, trust accounts are offered as an option, and it comes with the possibility of controlling the funds and holding funds for specific purposes, such as paying for an exact bill. It is also an account for savings where you can administer the funds for the benefit of an individual or a group. [...]

Numerous business owners do not have the inherent ability to completely grasp all the financial fundamentals of their company because of a clear lack of adequate reporting as well as transaction tracking. Knowing where a business is heading is essential in producing successful ventures. Many businesses look for simple, affordable means to monitor all their [...]