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Although it may sound like a ton of paperwork (which, to be clear, it is), this time of year also presents tons of savings opportunities for smallbusinesses like yours. With January in the bag, most smallbusiness owners have sent out tax forms to their employees and independent contractors.
For smallbusinesses, it’s worth finding out if your PEO sponsors a 401(k) plan that would allow your employees to defer compensation for retirement while taking advantage of employer matching or other contributions. This relieves the potential burden from your business, as a client of the CPEO. Retirement plans.
And for the more than 30 million smallbusinesses that make up 99.9 In creating a plan now (even if reactively) to keep your business functioning in times of crisis, you’re not only better able to handle what’s happening at present, you’re also more prepared for the future. None of us saw it coming.
Most smallbusinesses have encountered forced changes this last year involving commerce, tech, and customer shifts. We sat down with well-known smallbusiness advocate and journalist Loren Feldman of 21 Hats , to talk about collaboration, creativity, and resilience among smallbusiness owners.
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