It’s been reported that about 4.4. million Americans will attain age 65 this year—12,000 people a day. While those attaining age 65 in 2024 won’t be … Read more about Succession Planning for Your Employees and the Knowledge Transfer
What IRS Statistics Tell Us About Partnerships and LLCs
“A partnership is not a legal contract between two equal individuals. It’s an emotional alliance between two people committed to each other’s … Read more about What IRS Statistics Tell Us About Partnerships and LLCs
Now’s the Time to Hold Your Annual Board Meeting: When, Where, and What to Do
In December, many businesses are in the midst of their busy season. Retailers are hoping for good sales. Accountants are helping businesses with … Read more about Now’s the Time to Hold Your Annual Board Meeting: When, Where, and What to Do
Labeled a Small Business? That’s Great!
A question that comes up frequently is “what’s a small business?" The SBA defines a small business as one with up to 500 employees (even more for some … Read more about Labeled a Small Business? That’s Great!
Succession Planning for Your Family-Owned Business
SCORE defines a family-owned business as “Is one in which any two or more family members operate the company, and the majority of ownership or control … Read more about Succession Planning for Your Family-Owned Business
Ending the Confusion About Designations of Do-Good Companies
Increasingly, you’ll hear about big companies using their profits for social good or to help the environment. Time listed the “best corporations” in … Read more about Ending the Confusion About Designations of Do-Good Companies
Get Ready for the Beneficial Ownership Information Reporting Rule
Alert: BOI reporting is out? On December 3, 2024, a district court issued a nationwide preliminary injunction against enforcement of the Corporate … Read more about Get Ready for the Beneficial Ownership Information Reporting Rule
Proposed Changes in Overtime Rules and What to Do About Them
If certain employees work more than 40 hours in a workweek, they must be paid time and a half. This requirement can’t be avoided in most cases by … Read more about Proposed Changes in Overtime Rules and What to Do About Them
AI Ethics for Your Business
According to FreshBooks study, 25% of small businesses are already using AI in some form, and 2 out of 3 businesses say they’ll be trying generative … Read more about AI Ethics for Your Business
Pay Transparency Laws: What You Need to Know
Many small businesses have job openings because of the tight job market today. NFIB’s Small Business Optimism Index for June 2023 (the latest … Read more about Pay Transparency Laws: What You Need to Know
New Federal Reporting Requirement for Small Businesses
If you asked most small business owners, they’d say that paperwork and red tape are the hallmarks of government and the bane of their existence. Well, … Read more about New Federal Reporting Requirement for Small Businesses
What the U.S. Supreme Court Tells Businesses
The U.S. Supreme Court is the final arbiter of whether actions by federal and state legislatures or the executive branch are constitutional. The U.S. … Read more about What the U.S. Supreme Court Tells Businesses
Small Biz Congressional Measures to Watch and What to Do
There’s tremendous partisanship reported regularly in the media. But in actuality, there’s considerable bipartisan action going on. Small business … Read more about Small Biz Congressional Measures to Watch and What to Do
Leave Time Requirements or Options for Your Staff
Business owners may be surprised to learn they aren’t universally required by federal law to provide any paid time off…no paid vacation days, sick … Read more about Leave Time Requirements or Options for Your Staff
Growing Your Staff: What It Means for Legal Obligations
If you need to hire additional employees, it means your business is good. You’re probably well aware of the additional costs for each new … Read more about Growing Your Staff: What It Means for Legal Obligations
