Summary: Companies have found that effective managers possess an all-too-often-overlooked but critical quality — being empathetic. Click through for ways your organization can support empathy to create an employee-focused work environment. In today’s business environment, organizations need to be more than efficient and effective. They also need to be able to adapt quickly to any […]
Summary: An employer of record is your legal representative in a country where you want to hire employees. Click through for tips on how to select an EOR in the place you want to expand your business. If you have the opportunity to do business in the European Union, it can be an exciting step […]
Summary: Diversity and inclusion initiatives address a spectrum of minority and disadvantaged groups, but sadly those with either visible or invisible disabilities are often forgotten. Click through for some advice on how to keep them in mind at your business. Despite diversity initiatives, at least one important cohort still trails in corporate practices — those […]
Summary: The Fair Labor Standards Act provides that unless exempt, employees covered by FLSA must receive overtime pay at established rates. But that’s just the basic outline of an important series of rules. Click through for an introduction to the details and exemptions. Before we can fully understand what overtime is, we need to understand […]
Summary: HR and payroll management can be particularly challenging for small businesses because they tend to have fewer resources than larger employers. But there are options. Click through to discover how solid planning can lead to HR and payroll success.Because small businesses often have limited assets, it’s vital that they prioritize their human resource objectives. […]
Summary: In order to pay your workers properly while remaining in compliance with both IRS- and state-mandated requirements, you must correctly classify the people who work for you. Incorrect classifications can be detrimental to your business operations. But how do you know whether you’re classifying your workers correctly? Click through to understand the differences between […]
Summary: When we think of assets, especially in the context of estate planning, we think of cash and homes, for example. But certain assets are deemed “intangible,” and handling them can be complex. Click through for an overview of this special category. Intangible assets have long existed — rights such as copyrights, leases and government subsidies […]
Is this the trend of the future: employees working only a four-day week? And what we’re really talking about is fewer hours (not longer days) — while maintaining productivity. Click through for a fresh look at this concept. It is hardly surprising that employees would prefer to work 28 hours a week instead of 40. […]
In an effort to provide transparency and enhance the overall clarity of operations, the IRS requires pass-through entities that have relevant international income, deductions, credits and other miscellaneous items to file Schedule K-2 and Schedule K-3. Click through to read more about Schedule K-2, Schedule K-3 and the importance of these business-related documents. In alignment with […]
What triggers a small-business audit? The truth is that quite a few things do, though if you’re prepared, being audited as a small business doesn’t have to become a major stressor. Click through to understand what the IRS sees as red flags, so you can try to avoid an audit — or at least be […]