Category Archives: Protection Planning

Business Interruption Insurance Can Help Some Companies

Natural disasters and other calamities can affect any company at any time. Depending on the type of business and its financial stability, a few weeks or months of lost income can leave it struggling to turn a profit indefinitely — … Continue reading

Posted in Business Briefs, Business Owner, Planning Tools, Protection Planning | Tagged , , , ,

Fortifying Your Business with Enterprise Risk Management

Hundreds of years ago, prosperous towns managed the various risks of foreign invaders, thieves and wild animals by fortifying their entire communities with walls and towers. Today’s business owners can take a similar approach with enterprise risk management (ERM). Assessing … Continue reading

Posted in Business Briefs, Planning Tools, Protection Planning, Special Situations | Tagged , , ,

Make Sure Your Company is Prepared for Any Disaster

What could stop your company from operating for a day, a month or a year? A flood or fire? Perhaps a key supplier shuts down temporarily or permanently. Or maybe a hacker or technical problem crashes your website or you … Continue reading

Posted in Business Briefs, Planning Tools, Protection Planning, Special Situations | Tagged , , , ,

Are Your Employees Trained to Guard Against Risk?

Many companies, especially smaller ones, minimize in-house training to cut costs. But the current business environment — with its hard-to-predict changes, external threats and regulatory demands — is causing some owners to rethink this strategy. A strong training program can … Continue reading

Posted in Business Briefs, Planning Tools, Protection Planning, Special Situations | Tagged , , , ,

Taking Advantage of Tangible Property Safe Harbors

If your business has made repairs to tangible property, such as buildings, machinery, equipment and vehicles, you may be eligible for a deduction on your 2015 income tax return. But you must make sure they were truly “repairs,” and not actually “improvements.” Why? … Continue reading

Posted in Accounting Resources, Protection Planning, Tax, Tax Planning | Tagged , , , ,

Is an annuity an investment vehicle or an insurance policy?

Question:  Is an annuity an investment vehicle or an insurance policy? Answer:  An annuity is a distinctive financial product. Although it’s not an insurance policy per se, it is a contract with an insurance company. Many different types of annuities … Continue reading

Posted in Planning Tools, Protection Planning, Retirement Planning | Tagged , , , ,

Tax Tips: Long-Term Care Insurance

Your chances of requiring some sort of long-term care increase as you age, and long-term care insurance (LTCI) can help you cover your long-term care expenses. Although tax issues are probably not foremost in your mind when you buy LTCI, … Continue reading

Posted in Planning Tools, Protection Planning, Tax Planning | Tagged , , , ,