One of the most underutilized and often misreported charitable giving strategies is Qualified Charitable Distributions (QCD). Taxpayers 70.5 and older can use their IRA to gift directly to charity without creating a tax liability. In addition, if required to take annual Required Minimum Distributions (RMDs), the charitable gift will reduce the annual RMD. That sounds like a no-brainer, right?... Read More
Strategic planning has always been a crucial aspect of business success, but in today's rapidly changing landscape it's more important than ever. Artificial intelligence has the potential to transform the way we approach strategic planning.... Read More
As spring sprints by and summer eagerly awaits us, race season is here. Indianapolis is a buzz of activity full of race flags and graduations. This time of year is full of light.... Read More
Missing in most of the discussions about today’s tight job market is one of the biggest costs associated with employee turnover. It can take a while for new hires to reach full productivity, because there’s so much to learn.... Read More
If your organization does business in the growing global marketplace, there may be times when you need to communicate with people in languages other than English. While it’s tempting to simply translate your existing materials, that may not be the most effective approach.... Read More
Artificial Intelligence technology is quickly becoming the biggest disruptor across all industries. ChatGPT brought AI to the mainstream. Rapid advancements in these chatbots have captured the attention of everyone from higher education to B2B technology companies to government regulators. We are still in the early stages of AI development and application, but how will it impact you? More specifically, how will AI impact your finances? ... Read More
Indiana recently became the seventh state to enact a comprehensive data privacy law. The General Assembly passed the legislation unanimously, and it has now been signed into law by the Governor.... Read More
The Federal Deposit Insurance Corporation (FDIC) is one of our government’s most successful programs. In fact, it’s so successful most Americans aren’t really sure of what it does or how it works.... Read More
Entrepreneurs and startup founders often concentrate solely on their business ventures and neglect crucial aspects of their personal and financial well-being. This lack of preparation can lead to negative outcomes when it comes time for an exit event. To avoid these potential consequences, it's important to consider the following key steps well ahead of time, ideally at least one to two years prior to a liquidity event.... Read More
As he signed Indiana’s next biennial budget hours after it passed the General Assembly, Gov. Holcomb remarked, “(This) isn’t just your average, ordinary, typical, two-year budget…it is a generational impact budget.”... Read More
The strength of the consumer is a vital part of economic growth in the United States. Over 70% of the U.S. economy, as measured by GDP, is based on personal consumption. Therefore, studying the consumer's habits—how much we spend, save, and borrow—can help provide a sense of the short-term direction of the economy. So how strong is the U.S. consumer right now? ... Read More
In Indiana, many factors contribute to the widening gap between available talent and open jobs. The low labor participation rate – which stood at 62.4% at the end of 2022 and had been declining since at least 2001 – is perhaps the most alarming.... Read More
We've been asked to "choose a side" since childhood. It may have been on the playground or in a friendly relationship. What happens when neither of those sides is what we seek, support, or can be trusted to be accurate? It calls for critical thinking, consideration of unbiased perspectives, and greater objectivity. Our society could use more of those qualities in today's discourse and deciding where to expend our valuable resources.... Read More
Over 90% of web search volume is handled by Google. With that huge statistic in mind, there is an opportunity for growth, when it comes to marketing.... Read More
“My staff would care about their jobs more if they knew what it felt like to be in my shoes," said every business owner at least once. What if you gave your employees the chance to feel an ownership stake by providing them an ownership stake in the company? We did and its working.... Read More
With its aggressive rate hikes in 2022 and continued moderate hikes in 2023, the Fed has raised rates to the point where investors can now find yield without taking on too much risk. The days of earning 0% yield on bank accounts and not much more on conservative bonds are behind us for the moment. So what does that mean for investors?... Read More
Business websites are a lot like homes. We devote a considerable amount of thought, time, and effort to building or buying the perfect one. And moments after we settle in, we notice imperfections we’d really like to change.... Read More
Health care in Indiana is flatlining, but some members of the state legislature are suggesting cures that are more dangerous than the disease. Hoosiers who have been to a hospital lately have experienced the shortages of nurses and health care staff that have become commonplace. ... Read More
Your business is healthy and it’s growing. The demand for your products or services is strong, and as word spreads about your advantages, your share of market keeps getting bigger.... Read More
As the 2023 session of the Indiana General Assembly begins wrapping up, I'm proud of many of the bipartisan education bills that have passed through the chambers. As a retired educator myself, I know firsthand that the work legislators do has a lasting impact on classrooms throughout the state. ... Read More
