I have a small business with 14 employees. We currently have a group health insurance plan but are considering making some changes in an effort to cut costs.

We consulted with a local agent and he gave us information on the Section 125 cafeteria plan. According to the information we will save around $50k per year.

I spoke to a friend who sometimes gives me financial advice for my business and he said their are ‘too many grey areas’ with the 125 plan and that I should stick with the group plan.

Can you tell me what the grey areas of this plan are? Saving $50k per year would be fantastic but I want to make sure this is legit.

Thanks for your help.

I need a resource in finding highly qualified CFO or controllers. Please advise any known resources??

We are software development & consulting company, doing business for more than 5 years with positive cash flow.

* We are growing company and  we are expecting $2.3M sales in 2011. (more…)

What kind of credit score is necessary to get a small business loan? Is it even possible in this economy.

What is the best/all way(s) to get a loan here in the US, lets say $300,000 to finance a business in a foreign country? Plan to pay it off within 3-4 years even w/ a high interest rate too. Any additional information on other requirements will help too. Thanks!

Hello: I am a new physician….and I am trying to decide wheter or not I should incorporate. I am presently being paid as an independant contractor. The billing company I work with has notified me that they can pay me as either an independant contractor, or can pay me as a corporation. However, If I get paid as a corporation, then they will deduct an additonal 1% from my salary.

About half of the physicians I work with are incorporated, and the other half are independant contractors. The people with corporatons tell me that they save much more in taxes, and have more flexibility in dispersing their money into various tax sheltered accounts. They feel this is worth the extra 1%. They also do things like making their wives as employees of the corporation, and their kids….to protect their money.

The other half say that new tax laws dont really make a difference in tax savings. They say the additonal 1% deduction, the higher cost in accounting fees to maintain a corporation, and te more hassle involved in managing a corporation simply do not make it worth while.

Im gonna try to schedule a meeting with a financial planner who can give me some advice. Let me know what you guys think as well.

Thanks for all your help.

I know I can do a company better than it is doing now. I have considered buying them out, but I think I could also just kill them out of the market with my better business strategy. Any thoughts?