Avoid Accounting Headaches by Properly Calculating Overtime

Federal law requires that hourly employees (with a few exceptions) who work more than 40 hours in a typical week are subject to receiving overtime pay. Some small businesses make the mistake of not properly tracking employee hours which can lead to claims of not being paid properly later on. It…

Using the Redesigned W4 Form for 2020

For the first time in 33 years, the IRS has changed the W-4 form.   In 1987, the form was redesigned to comply with the Tax Reform Act of 1986.  Today’s redesign is to comply with the federal tax code changes based on the Tax Cuts and Jobs Act of 2017.  The…

How Employer Contributions to an HSA can Help you Save Big

A study from the Kaiser Family Foundation (KFF) revealed that the average premium for employer-sponsored health coverage amounted to $6,896 for single coverage and $19,616 for family plans during 2018. They also noted that the average single premium rose by 3% over the previous year, while the average family premium went…
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7 Ways To Be Effective When Leading By Example

According to a 2015 Global Workforce Leadership Survey from Saba, 46% of companies say that leadership is a hard skill to find among employees. That’s in contrast to other information from that group, which indicates that 68% of American workers view themselves as leaders. (more…)
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Create Performance Improvement Plans that Provide Dynamic Results

A survey from the Society for Human Resource Management (SHRM) reveals that it costs an average of $4,129 to hire an employee. The average time to fill a position is also 42 days. With so much time and money being spent up front, terminating an underperforming employee is not always in…
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Coronavirus: How Small Businesses are Effected and What You Can Do

One of the most heartwarming things we have heard in the midst of the COVID-19 pandemic is efforts of big businesses. The corporate giants of the world are contributing with aid funds, emergency pay, prioritized essentials, and some are even opening their doors as shelters and hospitals. But these efforts are…
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If you’re a small business owner today, knowing what type of accounting method to use might have been the last item on your check-list before you opened doors to your business. However, what we are about to cover is the reason you want to take a good look at your books…
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3 Key 2020 HR Trends Reshaping the Hiring Process (and HR Outsourcing)

Getting a job isn’t what it used to be.  Neither is attracting top talent.  Driven by an essentially full employment economy, CEO’s and human resources managers understand that job candidates have more choice and tend to be more discerning through the application and interviewing process.  And because it typically costs about…
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COVID-19 & the Economic Response: What To Expect in the Next Weeks

The COVID-19 pandemic will be effecting economies on every level for the next several months, possibly even a year or more. From the tiniest niche markets and local economies, through states, nations and around the globe, a severe economic slump is inevitable. It’s going to be a struggle, but eventually, business will get…
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5 Signs That You’re a Bad Boss

You’ve probably heard that people “don’t quit jobs, they quit bosses,” before– and it’s true, more than half of the time. According to a 2019 study, 57 percent of workers have left a job because of their bosses, a statistic that should have employers everywhere taking a hard look in the…