Elgin Area Chamber Of Commerce: December News From PKF Mueller

Elgin IL

08 December, 2021

2:30 AM

Description

Press release from the Elgin Area Chamber of Commerce: December 07, 2021 Can't see the table below? Click here to view the original story.   PKF Mueller Email Firm New Benefits Study: How to Fill Risky Gaps in Coverage, Knowledge Many employers aren't on the same wavelength as their employees when it comes to benefits, according to a recent study. However, gaps in knowledge and perception can have potentially costly consequences, especially in today's tight labor market. Closing potential gaps can help reduce turnover, frustration and the possibility of financial disaster for underinsured workers. Here's a look at the study. Full Article 7 Personal Financial Resolutions for 2022 As we welcome the New Year, you may be contemplating ways to improve your financial fitness. This could mean reviewing your investment portfolio, managing debt or trimming the fat from your budget. However, the truth is, without plenty of forethought, most resolutions are soon broken. Here are seven strategies to help you be more financially successful in 2022 and beyond. Full Article Medical Costs: Can I Really Get a Tax Break for That? Can you deduct the cost of a facelift? How about "Lasik" eye surgery or the cleaning solution for contact lenses? Some of the procedures that pass muster with the IRS may surprise you. Take a look at a chart with eligible and not-eligible medical expenses. There are some unusual qualified expenses that might allow you to get a tax break. Full Article A Legally Binding Contract Contracts require precision and clarity, and the more complex the deal, the greater the chance of ambiguity that could lead to a legal dispute. Click "Full Article" for some basic tips about drafting binding agreements and some common special provisions you may want to include. Full Article What Lenders Require in Today's Economy When credit is tight, cautious lenders require more frequent and complex financial statements. Companies must be prepared to satisfy these requests. Here are some of the requirements your business may face when credit markets are squeezed and how to comply with them so that access to credit continues. As access to credit is crucial, companies must be prepared to satisfy bankers' requests before they are made. In light of the coronavirus (COVID-19) and the effect on our economy, you can't assume you know what bankers will want to see. Full Article This press release was produced by the Elgin Area Chamber of Commerce. The views expressed here are the author's own.