Credit Card Settlement: Is It Good for Your Business?
Visa, MasterCard and other banks have agreed to pay more than $7 billion to settle an antitrust case brought on behalf of retailers. Is this settlement good for your business? Every time you use your credit card, a percentage-based fee is created. This percentage varies based on the amount of the purchase and the type of credit card. For the retailer, […]
Coming Soon: 401K Plan Disclosure Rules Take Effect
If your company has a self-directed 401K plan, there are new disclosure rules that take effect no later than Aug.30, 2012. The U.S. Department of Labor (DOL) legally requires the plan sponsor to disclose in writing the fees and other “reasonable” nature of the funds selected in the plan. Additionally, specific Employee Retirement Income Security Act (ERISA) language requires plan sponsors to […]
Indiana State Unemployment Taxes: Did Your Company Overpay?
Legislation passed in 2009 increased the employee taxable wages from the first $7,000 to the first $9,500. This increase had a start date that was later postponed to a date later in the year. Many companies failed to correct this postponement and may have overpaid. In fact, according to a recent IBJ article, of 91 businesses audited by the Department […]
Credit Card Processing Fees: Helping Your Processing Statement with a Little More Green!
“The creditor hath a better memory than the debtor.” – James Howell According to the American Bankers Association, credit cards are responsible for more than $2.5 trillion in transactions a year and are accepted at more than 24 million locations in more than 200 countries and territories. Your business likely processed your fair share of that $2.5 […]