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With the best foundation, you can quickly qualify for business credit under new, restricted-credit conditions.
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By Don Sadler |  Filed In: Electronic Funds Transfer and Electronic Banking
EFTs enable businesses and their customers to exchange money between each other electronically instead of via checks or wire transfers.
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By Tim Devaney |  Filed In: Finances and Manage
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A few tips to remind employees that the holidays can be a "cyber" dangerous time of year.
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Ramon Ray
Security is like the forsaken child of technology. It's something we all think about, yet few of us have policies in place to ensure our businesses are as secure as they should be....
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Ramon Ray
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Miranda Marquit
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The online social media revolution that has bought us Facebook and Twitter actually started back in the late 90’s when the term “blog”, short for “weblog”, entered the lexicon. Blogs provide business owners...
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By  | Filed In: Corporate Tax and Tax Law
It’s not uncommon for QuickBooks users to use a single payrol liability account but it can be difficult to reconcile this account with payroll reports when the general ledger and the payroll reports...
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Sam Thacker
With small business credit getting tighter by the day, more and more innocent business owners are falling victim to crooks and thieves who are determined to separate honest business owners from their money.
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Marco Carbajo
While small business credit card usage is on the rise there is an ugly truth that surrounds the industry. Discover the truth behind business credit cards and what you should know before you...
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Ramon Ray
Yehuda Cagen of technology company Xvand Technology Corporation knows what businesses need and don't need when it comes to outsourcing IT expertise and support. She offers 9 "secrets of success" to ensuring the...
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By John Shovic  |  Filed In: Internet Retailing and Mail order & Internet Retailing
The new Web site promises to modernize the federal government procurement process, but does it really deliver?
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Business Glossary

Definitions for: pension plan integration with social security
pension plan integration with social security

offset or subtraction of Social Security benefits from earned benefits in a qualified pension plan to reduce a pension benefit. Many business firms offset their pension payments by the amount of a retiree's Social Security benefit. For example, John Smith has earned a monthly pension benefit of $950. His monthly Social Security payment is $688. If his employer applies 100% integration, his pension is reduced by the entire Social Security benefit; he will receive $950 minus $688, or $262 monthly. More commonly, integration is based on a percentage of Social Security. With 50% integration, 50% of the Social Security benefit ($344) would be subtracted from the $950 pension for a monthly benefit of $606. Offsets were limited by the tax reform act of 1986.

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