Choosing a technology platform is a time-consuming process leading to a critical decision. You need to be confident that the platform supports your multi-year benefits strategy, and that the HR technology vendor you select will meet your needs today—and in the future. When it comes to choosing the right vendor and solution, it is crucial to ask the right questions.
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It's clear that tax reform is just one manifestation of the changes happening across the tax function. What was once a relatively routine field now faces shifting regulations and compliance issues both at home and abroad. The role of the tax professional is changing from numbers-cruncher to strategic leader, and adept tax professionals in 2019 and beyond will need to prioritize adaptability, process efficiency, data analysis, and effective communication around total tax liability to maximize their impact.
More and more families are looking to ensure that their philosophy and values align with their goals in creating trusts. A results-oriented trust is one that has been particularly designed as a tool to encourage beneficiaries’ behaviors in their realms of work, charity and socially responsible choices. Often times beneficiaries feel guilty, embarrassed or even anxious about their trusts, compared to the stereotype of the entitled beneficiary. This webinar provided insight on structuring trust documents to balance settlor’s intent with the needs of the beneficiary.
While major cyber incidents and data breaches at large corporations capture global headlines, middle market companies are starting to recognize that they are often the prime target for cybercriminals. With generally limited resources, middle market organizations must place a premium on awareness and benchmarking to help mitigate the threat of cybersecurity attacks and to comply with data privacy regulations.
Cyber security is a subject that continues to make headlining news. Because every business is at risk of a cyberattack, it’s important to know what types of threats your business could be subject to and understand the techniques you can implement to help prevent attacks from happening.
In the course of administering an employee benefit plan, many decisions must be made. Whether those decisions are being made by an individual or a committee, the process for making the decision must be prudent. Importantly, if the decision later is challenged by a participant by making an ERISA claim in federal court, how can the person or committee who made the decision demonstrate prudence? Becoming informed is the first step in demonstrating prudence.
Potential drains on business efficiency include groups of remote workers unable to communicate well with one another, tools that make it hard to adapt to changes or new needs quickly, and the high cost of equipment and IT personnel. Cloud-based solutions address these areas and more. In fact, four options provide the opportunity for your business to become more efficient in very little time.
If you find your growing business suffering from a lack of support in the technology department, then your company may benefit from outsourcing IT. While some businesses struggle to find room in the budget to add support staff, there are others continually adding staff only to realize they are unable to keep up with demand. An alternative to those issues is to take six helpful steps to transition to outsourced IT.
New cyber breach scenarios are constantly emerging, and they bring with them a variety of new claims. The fact that there’s no industry-standard cyber policy language makes it a tremendous challenge to ensure your Cyber Risk insurance will really protect you. Insurance oversight can lead to costly consequences. It’s critical to know the four truths about cyber risk claims denials, beginning with truth number 1: claims can be denied due to your failure to act.
Every public, private, or nonprofit organization needs to be protected from within with Director and Officers (D&O) liability. If a claim is brought as a result of a corporate decision you make, your D&O policy will kick in. Without one, you lose the business and your personal assets. Understand how D&O works on your behalf and ways you can avoid claims denials.