BIZ BASICS: Use new savings accounts to cover medical expenses

And with no end in sight to the cost crunch, the prognosis is poor. Panicked business owners now cite the rising cost of health insurance as their top concern. They know that workers value their medical coverage, but as owners they feel trapped-they must either pass along rate hikes or cut benefits entirely. A relatively new health plan option offers hope. Health savings accounts work in IRA-like fashion to cover out-ofpocket medical costs with tax-sheltered money. An HSA is an…

Read More

BIZ BASICS: Legal help doesn’t have to cost a fortune

We’re a start-Q: up and constantly need answers to basic legal questions about business structures, the hiring process, contracts, wages, safety, trademarks and more, but can’t afford expensive lawyers. What are some options? Legal issues often present a dilem-A:ma for cost-conscious small businesses, especially startups. You want the best information but paying legal professionals for every little thing gets expensive. The range of legal issues facing entrepreneurs is immense, from naming a business and obtaining licenses to complying with tax…

Read More