It used to be that contractors could hold onto customer deposits for liquidity until the end of a project, but some new contracts are requiring reimbursements back to the customer as the job progresses. Contractors need to pay close attention to their contract terms to maintain liquidity. It also helps to have processes in place …
Key person insurance can be an essential component of business continuation planning. The business, or the owners and key persons who are essential to operating the business, purchase these policies. If an owner or key person dies or becomes disabled, this insurance could help make up for lost sales or earnings, assist in satisfying the …
Continue reading Funding Options for Key Person Life Insurance
On July 19, 2017, New York State (NYS) released final implementing regulations confirming that employees who regularly work 20 hours or more each week will become eligible for NYS Paid Family Leave (PFL) after working 26 consecutive weeks for their covered employer. Employees who regularly work less than 20 hours per week become eligible on …
Continue reading New York State Paid Family Leave: The Facts
