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What is Business Benchmarking, and Why is it Important?

Regardless of the current economic environment, business strategy should always take priority. While creating ambitious goals, organization can fall into the habit of focusing on internal growth without observing and learning from the surrounding business environment. However, with business benchmarking, you can avoid minimal and temporary growth. In the content below, we define business benchmarking and explore why it is important. Defining Business Benchmarking Before discussing the importance of benchmarking, we must introduce the term and its functions. Essentially, benchmarking

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IRS Guidance Provides RMD Rollover Relief

IRS Guidance Provides RMD Rollover Relief

The CARES Act was enacted in an attempt to mitigate the economic effects of the COVID-19 pandemic. Among other things, it extends favorable tax treatment to qualified individuals who take so-called “coronavirus-related distributions” (CRDs) from IRAs, 401(k) plans and certain other retirement plans.

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