Summary: It’s important to prioritize accurate payroll processing because employees like to get paid consistently and on time. But that’s only the beginning. Click through to learn about processing payroll laws. Processing payroll accurately is essential. Even a minor mistake can lead to significant financial and legal consequences, regardless of whether it was intentional. For […]
Summary: As family business owners and sole proprietors approach retirement, they may face an existential dilemma: What will happen to my business when I no longer manage it? Click through for some advice on involving adult children in the transition. What, in fact, constitutes a family business? The definition covers any enterprise operated by two […]
Summary: A family business is owned by people who are all related to one another. But who should take over when the owner passes away or steps down? Click through to learn about what you can expect regarding the inheritance of a family business. Fairness isn’t always about equal shares — it’s often about what […]
Summary: Taking your small business to the next level does not come without risk, especially during uncertain times. Click through for signs that will help you decide whether the time to grow your business is now. The most successful small-business owners are not the ones who only have great original ideas. They are successful because […]
Summary: Job seekers want to work for companies with a reputation for being a good place to work. Many companies such as Apple, Eli Lilly and American Express are highly regarded for their corporate culture, leadership and performance because they prioritize employer branding. Click through for ideas on how you can develop your employer branding. […]
Summary: Companies generally look for certain attributes in employees: knowledge, skills, abilities or a mix. What is best at your company? How do you navigate through the choices? Click through for tips on sound hiring practices. The various qualities you look for in new staff may be referenced interchangeably, but actually embody different traits. Ideally, […]
Summary: Employers must ensure that break policies comply with wage laws, especially when employees work through lunch, answer emails after hours or remain on call. Similarly, misclassifying paid and unpaid breaks can lead to wage violations and legal risks. Click through for key guidelines on tracking break time and maintaining compliance. Employees often engage in […]
Summary: Understanding the advantages and disadvantages of the business structure you choose when you start your company is essential. You want the structure to align with your business goals, and you want to understand how profits will be taxed and what personal assets may be at risk. Click through to explore these distinctions further. Choosing […]
Summary: Is there an activity you enjoy so much that you’d like to turn it into a business? This can be the start of a new, great chapter in your life. Click through for some financial advice on your road to living your dream. Maybe you see how an off-hours activity can become a profitable […]
Summary: Investments in real estate are not without risks, but can be one of the safest bets. Owning a vacation rental home can be a great way to do this, but you must understand the financial implications. Click through for a review of the tax issues. Purchasing a vacation home and renting it when you […]