Tags: Business Success

How to Make it Through a DOL Audit

How to Make it Through a DOL Audit

At any given time, your company could be selected for a U.S. Department of Labor (DOL) civil investigation (commonly known as an audit) to make sure your employee benefit plans are in compliance. The Employee Retirement Income Security Act of 1974 (ERISA) establishes standards governing the operation of employee benefit plans and grants the DOL investigative authority. In the past, DOL audits of employee benefit plans have focused primarily on retirement plans, such as 401(k) plans. Now that the DOL has started enforcing compliance with the Affordable Care Act, health... Read More

Top 10 Threats to Small Businesses—Part 1

threats to small business

Optimism is the fuel that drives the entrepreneurial spirit, so it isn’t surprising that most small business owners consider themselves optimists. Too much optimism, however, can get a small business owner into trouble. A business plan built solely on the “best case scenario” is like a house of cards—one gust of wind (or fire or wrongful termination lawsuit) and the entire business can come crashing down. That’s why smart business owners temper their innate optimism with a healthy dose of reality. In other words, they learn to manage risk. The... Read More

Happy National Small Business Week!

small business resources for success

It’s Small Business Week. May 4th-8th has been designated as Small Business Week by the Small Business Administration. As part of this week, the SBA has some exciting opportunities available. In addition to these SBA opportunities, there are many local resources available to help you start or grow your small business. First is the network of Small Business Development Centers. These are found in major cities in every state. At the SBDC, you can receive low-cost training, consultations and assistance for starting and growing your small business. Here in Colorado,... Read More