<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=905697862838810&amp;ev=PageView&amp;noscript=1">

BusinessHub

SWBC's BusinessHub blog is a one-stop resource for business owners and company decision makers.

 

Recent Posts

How to Calculate Your Paycheck as a Business Owner

As a business owner, you're tasked with making a number of decisions on behalf of your business, including what to pay yourself for the services you provide. Though a number of methods exist for determining a proper pay rate for yourself, you should keep a couple things in mind about all methods:

Read More

Why It's Crucial to Have a Business Transition Plan

In 2016, the American Institute of CPAs (AICPA) published a survey conducted by the Private Companies Practice Section (PCPS) and Succession Institute LLC. In the report, the PCPS states that less than 10% of sole proprietors and only half of multi-owner firms have a business transition plan in place. Whether you feel ready or not a business transition plan can safeguard your business and give you the power to create a smooth path for your successors. The more thorough your plan, the better.

Read More

Addressing the Benefits Coverage Gap for Executives

In a competitive job market, finding and keeping top management talent is more difficult than ever, and providing benefits that increase financial security is one of the best ways to find and keep top talent. Your organization could be missing a particularly vital aspect of employee benefit plans that help ensure the financial security of your key talent, and ultimately, their loyalty to your organization. Unfortunately, many companies discover this the hard way—when a highly compensated executive (HCE) suffers a long-term illness or serious accident and then has to manage a physical recovery with as little as 20–40% of their pre-disability income.

Read More