L&K Principal, Anita Abrol, to Speak at the MSU Management Education Center
Catch Anita Abrol, L&K Principal, on 11/5 @ the MSU Management Education Center, where she'll speak about Defining Revenue Cycle Management. Revenue Cycle Management is the key to: determining patient insurance eligibility managing compliance information simplifying claims filing collecting co-pays Understanding how to maximize this process will assure a steady stream of revenue for your…
Timing business income and expenses to your tax advantage
Typically, it’s better to defer tax. Here are two timing strategies that can help businesses do this: Defer income to next year. If your business uses the cash method of accounting, you can defer billing for your products or services. Or, if you use the accrual method, you can delay shipping products or delivering services. Accelerate…
Social Recruiting: Expand Your Reach for Excellent Candidates
With close to 2 billion active users on social media, there’s an opportunity for recruiters to connect with people they usually wouldn’t. The social recruiting trend is increasing and if your company isn’t on board yet, it can’t hurt to test the waters. Recruiters and HR professionals are increasingly using social media to reach out…
AMT triggers could boost your tax bill if you’re not careful
A fundamental tax planning strategy is to accelerate deductible expenses into the current year. This typically will defer — and in some cases permanently reduce — your taxes. But there are exceptions. One is if the additional deductions this year trigger the alternative minimum tax (AMT). This is a separate tax system that limits some…
The Science of Customer Retention
You’ve probably heard the old adage that it costs more to get a new customer than it does to keep an existing one. Not only are new customer acquisition costs higher, but successful customer retention helps to strengthen your brand identity and business reputation. Surprisingly, many businesses don’t have a customer retention strategy. If your…
Clients Making Headlines: Diplomat Pharmacy Launches IPO
Congrats to Phil Hagerman, CEO, and the rest of the team! Diplomat Pharmacy is now the nation’s largest specialty pharmaceutical company. The company serves about one percent of the nation’s sickest patients by providing drugs for complex treatments for cancer, Crohn’s disease and other illnesses. Diplomat started trading its stock publicly on on 10/10/14. To…
Self-employed? Save more by setting up your own retirement plan
If you’re self-employed, you may be able to set up a retirement plan that allows you to make much larger contributions than you could make as an employee. For example, the maximum 2014 employee contribution to a 401(k) plan is $17,500 — $23,000 if you’re age 50 or older. Look at how the limits for…
Increase Your Sales with Small Steps
Keeping the big picture in mind can help you get a larger bottom line. Large sales sometimes happen with little efforts, including asking for referrals, using a team approach to sales and re-purposing work you’ve already completed. Try implementing these small changes to increase your sales: Change your sales process. Ask for a referral after…