Whether you’re still building your business or you’re firmly established and looking ahead to the next phase, it’s a good idea to be informed about retirement so you can best prepare. Social Security benefits Social Security benefits can begin between the ages of 62 and 67, depending on several factors. Benefits may be available to…
As business owners, there are numerous tasks demanding your time and attention. Hopefully you’ve got a great team to help you manage the workload. However, it can be hard for business owners to let go and share the responsibility with anyone else. When you first established your business, chances are, you did everything yourself. Your…
Fraud has been a hot topic this year, between fake IRS scams and retailer data breaches. However, one segment of the population may be especially at risk. Millions of seniors are being taken advantage of financially – in the form of inappropriate investment, unreasonably high fees for financial services, or other forms of fraud….
As you know, the Department of Labor announced new regulations in May regarding overtime pay for full time employees. Tammy McCutchen, the DOL’s former Wage and Hour Division administrator, spoke recently at a conference to address employers’ issues with implementation of the final rule. She had some advice for employers trying to comply with these…
Have you thought about planning for the day you sell your company? Maybe you’re still growing your business, or you’re still heavily involved in the day-to-day operations, and you haven’t thought about leaving anytime soon. Even if it hasn’t crossed your mind, it’s not too early to get a plan in place for that transition….
Industry experts have determined that benefits are growing in importance to job searchers. A new study suggests that 57% of prospective employees rate perks and benefits as major considerations when accepting or declining a job offer. Workplace trends have gotten lots of media attention, with more employers feeling the need to get creative with perks…
As we build greater protections against cyberattacks, criminals find ways to adapt. They adjust their strategies to stay ahead of the law and avoid detection. Their newest tactic is to send individually targeted emails – they aren’t as easy to catch as those that flood email servers by the hundreds. The attacks are not as…
Have you sat down with your CPA to discuss the tax provisions resulting from the passage of the Protecting Americans from Tax Hikes (PATH) Act in 2015? This includes many business deductions that had expired, and it extends others until 2019. The PATH Act contains over 100 tax provisions, so your CPA will be able…
Whether your workers are considered employees or independent contractors will carry significant legal ramifications. With respect to the IRS, ACA (Affordable Care Act), and Department of Labor, it is necessary that you classify your workers accurately. Why it matters Business owners with 50 or more full-time employees have responsibilities under the ACA to offer insurance,…
Are you getting the most out of your interactions with others? Are you hearing what’s being said, or just preparing your response as the other person speaks? Active listening creates an environment that invites an open exchange of ideas. However, we need to cultivate skills for the most effective listening and lead by example in…
