Entrepreneurs are driven and passionate about what they do. Starting a new business requires an intense degree of energy and commitment. Business owners can be so eager to build their new companies that they rush through their business plans. This can lead to vague, nonspecific descriptions. Did you get feedback from someone outside your organization…
The Department of Labor has just announced a Final Rule on overtime pay, which means 4.2 million more workers must be paid for overtime work. This Final Rule defines which white collar workers are protected by the Fair Labor Standards Act’s minimum wage and overtime laws. Employers must comply with these new regulations by December…
It’s estimated that Americans have $8 billion in unclaimed pension benefits each year. How is that figure so high? As it turns out, getting your hands on an old pension can be a frustrating process. Most businesses opt to offer the 401(k) as a retirement option, rather than the traditional pension plan. However, many baby…
When you think about networking, do you look forward to the chance to meet new people? Or are you filled with dread? Often, it’s the way we approach networking that colors the experience. Perhaps the biggest misconception about networking is that either you get it or you don’t. In reality, it takes some practice, but…
As a business owner, it’s your job to find the right 401(k) provider to fit your company’s needs. How do you start that process? Here are three questions to ask a prospective 401(k) provider. How would this provider help your employees? Will they be able to retire on time? Numerous employees don’t take advantage of…
Do you remember how you paid last time you got a cup of coffee? Did you unfold a five-dollar bill and hand it to the cashier or give a quick swipe of your card? How would you pay for a pack of gum at the gas station? Do you fish around for spare change or…
Employers wishing to take advantage of the work opportunity tax credit (WOTC) will be pleased to know they have more time to file the necessary paperwork. Earlier this month, the IRS announced an extension for employers filing paperwork to claim the WOTC for targeted employees. This credit was extended retroactively to January 2015, but there…
Business owners need to maintain not only clients but employees to keep operations running smoothly. One big mistake employers make is not promoting from within. Some positions won’t be able to be filled by your existing employee pool, but when they are not considered for vacant or new positions, loyal employees can feel underappreciated. This…
Mobile search and internet usage has surpassed desktop activity in recent years and continues to grow. However, many businesses create media and marketing campaigns on desktop computers and don’t take into account that mobile visitors will interact with this media differently than desktop users. To stay competitive, businesses need to address the different needs of…
No retiree wants to relinquish their hard earned money to the government. Though paying taxes is inevitable, there are several advantages available that can lower the amount going to Uncle Sam. An important first step is to get the standard deductions out of the way. By getting the obvious out of the way first,…
