Supply chain shortages. Inflation (which grew in May at an annualized rate of 5%). Higher wages to fill job openings (up in April and May at an … Read more about What About Raising Your Prices Now?
25 Ways to Cut Expenses
With inflation and rising prices, higher wages and employee benefits, and other pressures on profitability, it’s essential for small businesses to … Read more about 25 Ways to Cut Expenses
Lending Money to Your Business: What to Consider
With the pandemic waning, the time for government assistance programs ending, and the economy growing, your business may need money now. Additional … Read more about Lending Money to Your Business: What to Consider
Getting a Handle on Your Business Expenses
While revenue is picking up for many businesses in 2021, profits won’t grow unless you have business expenses under control. This means knowing where … Read more about Getting a Handle on Your Business Expenses
Recovery Strategies: Show Me the Money
The famous quote from Jerry McGuire …"show me the money"… is something that many small business owners are taking to heart these days. As a result of … Read more about Recovery Strategies: Show Me the Money
American Rescue Plan Act: What It Means to You
A $1.9 trillion measure —the American Rescue Plan Act (ARPA) —was signed into law on March 11, 2021. The key feature of the new law, also referred to … Read more about American Rescue Plan Act: What It Means to You
How Much Should You Pay Yourself?
The topic of minimum wage is in the forefront to ensure that workers receive adequate compensation for the services they perform. For small business … Read more about How Much Should You Pay Yourself?
Regulations in Limbo: What This Means for Small Businesses
On his first day in office, President Biden issued an executive order freezing for 60 days various federal proposed regulations as well as those … Read more about Regulations in Limbo: What This Means for Small Businesses
Recovery Strategies: Using Tax Credits to Hire and Retain Employees
“To win in the marketplace you must first win in the workplace.” Doug Conant, former President and CEO of the Campbell Soup CompanyYour staff is your … Read more about Recovery Strategies: Using Tax Credits to Hire and Retain Employees
Worker Status and Changing Times
The pandemic has highlighted, but did not create, a growing diversity of worker status. There are a variety of employee types, from at-will hourly … Read more about Worker Status and Changing Times
5 Last Minute Tips for W-2s and 1099s
The deadline for providing employees with their Form W-2 for 2020 and independent contractors who received at least $600 in 2020 with their … Read more about 5 Last Minute Tips for W-2s and 1099s
Recovery Strategies: 5 Issues for Long-Term Work-From-Home Policies
As has been our practice in the past couple of years, we’ve adopted a theme for a monthly blog. This year’s theme: Recovery strategies. When the … Read more about Recovery Strategies: 5 Issues for Long-Term Work-From-Home Policies
What’s New for Employee Benefits This Year?
The Consolidated Appropriations Act, 2021 (CAA), signed into law on December 27, 2020, changed some important rules impacting various employee … Read more about What’s New for Employee Benefits This Year?
Company Support for Working Parents: Win-Win
According to a study by Maven and Great Places to Work, companies that provide support for employees with childcare responsibilities have 5.5 times … Read more about Company Support for Working Parents: Win-Win
Not Like Last Year’s New Year’s Resolutions
2020 began on a note of high optimism for small businesses. The NFIB Small Business Economic Trends in January 2020 showed an optimism rating of … Read more about Not Like Last Year’s New Year’s Resolutions
