What has the Affordable Care Act meant to your business so far? When it was first passed, many small business owners were concerned about new complexities and potential added costs and disruptions to their business operations. Now that important provisions of the law have been in force for a while, the Minnesota Society of CPAs offers a review of some of the highlights and some timely advice.
October is Domestic Violence Awareness Month. Domestic violence has been much in focus in the past month because of the Ray Rice and Adrian Peterson incidents. Every day in every district court in Minnesota, judges hear cases involving domestic violence. It could be a hearing for an order for protection against a spouse or significant other, or a criminal charge of domestic assault, or even a juvenile delinquency petition against a minor for assaulting a household member. Domestic violence touches thousands of homes in Minnesota every day, including where you live.
I don't know what it says about me that watching a dream come true involved me donning a sheep costume and getting mounted. I'll leave that to mental health professionals. But I will say that seeing characters I created come to life before my eyes, to the delight of audiences, was a thrill.
Basic residential telephone and cellular service can be costly, but luckily for low-income consumers, Lifeline, a program promoted by the Public Utilities Commission, provides discounts. At least half of eligible consumers nationwide do not take advantage of these telephone discounts, so I wanted to raise awareness for those who can benefit from the service.
Teachers and those who appreciate their significance in the world will celebrate the 20th anniversary of World Teachers Day on Oct. 5. This day is devoted to appreciating, assessing, and improving the educators of the world. I cannot overemphasize the importance of providing time to look at and address the issues facing both teachers, and students. Setting aside a day to celebrate this important profession was put together party because of many societies’ views on teachers and the lack of respect all too many educators receive.
Perhaps no one said that to you this past Sept. 17, the day we annually celebrate Constitution Day. However, it is an annual reminder of the importance of our constitution and the foundation it provides for the enduring magnitude of the United States. What is Constitution Day and why do we celebrate at this time?
Could your business bounce back if a disaster occurred? A minimum of 25 percent of small to midsize businesses that close temporarily due to a natural or other disaster ultimately never open their doors again, according to the Institute for Business and Home Safety. It is possible to weather any type of business interruption, however, only if you’re properly prepared. The Minnesota Society of CPAs (MNCPA) offers these tips to ensure you’re ready for anything.
About 40 percent of U.S. households — nearly 50 million — own individual retirement accounts, which provide tax-advantaged options for saving for your retirement years. The Minnesota Society of CPAs offers the following tips on how to avoid some common mistakes people make when managing IRAs.