Family Business/Succession

Let employees know your fraud policies
Should you let employees know when fraud prevention tactics are put in place? The simple answer is a resounding “yes.” Think of your fraud prevention policies like a patrol car policing your neighborhood. Officers don’t patrol because they are hoping to catch criminals in the act. They patrol so that their presence will deter crime. (6/22/2009)

Check potential employees for 'EQ' as well as IQ
Have you ever hired someone who was highly intelligent but didn’t pan out as an employee? People may have great educational credentials and be clever and articulate. Unfortunately, sometimes they can’t get organized, are easily flustered, don’t enjoy the respect of co-workers or suffer any number of other shortcomings. One likely explanation is that an employee can possess a high degree of traditional cognitive intelligence, which we know as IQ, but lack in emotional intelligence, sometimes called EQ. (6/8/2009)

Four ways to keep employees happy
With the tight economy, you may be looking for ways to motivate your employees that involve little or no cash. You’ll be happy to know that an employee survey recently conducted by George Mason University showed that, when it comes to motivation, cash was not king. In fact, it came in at a distant fifth place. (5/25/2009)

The technical information here is necessarily brief. No final conclusion on these topics should be drawn without further review and consultation. Please be advised that, based on current IRS rules and standards, the advice contained herein is not intended to be used, nor can it be used, for the avoidance of any tax penalty assessed by the IRS.