The actual deferral percentage (ADP) test and actual contribution percentage (ACP) test are both required to be administered every year to ensure traditional 401(k) plans are in compliance. While ADP considers only employee deferrals, ACP also includes employer contributions. However, plan sponsors must conduct both tests regardless of whether or not they match. If you’re…
About the Author
Dock David Treece
Dock's professional background is deeply rooted in the securities and investment advisory industry. As a former registered investment advisory rep and former registered securities rep, Dock assisted clients with critical personal financial planning and decision-making. As an experienced columnist, he has provided engaging and actionable commentary on financial markets and economic developments. While serving on the Finra Small Firm Advisory Board, he assisted industry regulators in understanding the state of the industry and regulatory initiatives.
6 Best Cash Back Business Credit Cards for 2018
Cash back business credit cards offer cash back rewards on different types of purchases. The best cash back business credit cards offer rewards up to 5 percent plus benefits like 0 percent interest periods. After reviewing dozens of business credit cards, we’ve listed those with the best rewards, lowest fees and most additional benefits for…
6 Best Business Credit Cards for Travel in 2018
The best business credit card for travel is one that offers travel rewards, rewards for travel-related expenses or other perks for business travel. We’ve examined the rewards, introductory offers and costs of business credit cards to identify the best business credit card for travel. Each has introductory offers and strong travel-focused rewards programs that are…
BlueVine vs OnDeck: Who Offers the Best Line of Credit in 2018?
BlueVine vs. OnDeck Capital are online providers that offer business owners quick access to capital and competitive rates through business lines of credit. While OnDeck has the lowest possible cost for prime borrowers, BlueVine has the best business line of credit for most small business owners because of its higher limit and longer term. When…
15 Best Small Business Credit Cards 2018
The best small business credit cards offer high reward payouts, specific rewards categories, and low introductory and ongoing interest rates. Based on these criteria, we’ve compiled a list of the top 15 small business credit cards and ranked them based on costs, application process, and rewards for various business needs and types of borrowers. Best…
401(k) Vesting Schedule: Cliff vs Graded [+ Examples]
![401(k) Vesting Schedule: Cliff vs Graded [+ Examples]](https://fitsmallbusiness.com/wp-content/uploads/2018/06/401k-Vesting-Schedule-Cliff-vs-Graded-Examples-300x200.png)
A 401(k) vesting schedule is used by employers to control when ownership of retirement contributions transfer to employees. While many 401(k)s vest contributions immediately and no schedule is needed, there are two other types of schedules, cliff and graded, that employers can use to vest retirement contributions over time or all at once. If you’re…
Self-Directed IRA: Rules, Services, & Checkbook Control
A self-directed IRA is a tax-deferred retirement account that allows you to directly manage your investments and buy alternative assets that aren’t available in traditional IRAs. An account with a self-directed IRA service costs more to set up and maintain but allows you to invest in things like real estate, private companies, and precious metals….
When Using Credit Cards to Fund Your Business is Right
Using credit cards to fund your business is typically the right thing to do if you need a small amount (less than $30,000) of flexible financing or if you can’t qualify for a bank loan. Credit cards have the added benefit of earning you rewards on routine purchases for your business and typically carry an…
Limited Liability Partnership Agreement Template + Pros & Cons
A limited liability partnership (LLP) agreement is a professionally licensed partnership that protects partners from personal liability of business decisions. These legal entities serve as pass-through entities for tax purposes and are organized to specifically help certain licensed professionals such as lawyers, accountants or architects. An LLP is easy to set up and administer. Commingling…
7 Best Business Credit Cards for Startups
There are lots of business credit cards, but few that are specifically structured to benefit startups. We compared business credit cards to identify the seven best business credit cards for startups. These cards are easier to qualify for, have lower APRs, and higher rewards that are designed specifically to benefit new and growing companies. Best…
7 Best Free Business Checking Accounts 2018
Free business checking accounts don’t charge monthly account fees, but even “free” checking accounts vary. We looked at national providers and choose the seven best free business checking accounts. These accounts don’t charge monthly fees – although you may need to meet certain criteria – but limit monthly transactions and have additional costs for extra…
10 Best 0% Business Credit Cards 2018
A 0% business credit card is one that offers a 0% introductory APR period. These business credit cards have different rewards and costs, but don’t charge interest on purchases for the first six to 15 months. Zero percent business credit cards are used by business owners to float working capital expenses or transfer existing balances…
