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Small Business News & Notes

HOT Issue Poll

Tax benefits of 529 plans extend beyond traditional colleges

Is your child or grandchild pursuing educational goals after high school, though not at a traditional four-year college?

Tax Tip of the Week

Emergency savings how much is enough

Figuring out how much to set aside in a rainy day fund isn't a one-size-fits-all proposition, though the rule of thumb of three to six months of living expenses is a reasonable guideline — and one that is widely disregarded.

Financial Tip of the Month

Shrink your companys shrinkage

If a significant portion of your company's balance sheet consists of inventory, you may find that "shrinkage" — the variance between physical inventory counts and amounts recorded in your company books — is the culprit behind declining profits.

Business Tip of the Month
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