Here’s what your small business needs to know about complying with federal overtime regulations before the Dec. 1 deadline. With changes to the Fair Labor Standards Act (FLSA) scheduled to take effect on Dec. 1, you probably have questions about how they apply to your business. The law, which affects businesses with at least two [...]
Small business owners may not be aware that lenders and creditors make funding decisions using your business credit score, not just your personal credit score. If you’ve ever considered outside funding for your business, you know there can be a seemingly unending list of information lenders might require. You’ll likely need your bank statements, income [...]
The contribution limits for 401(k) plans and individual retirement accounts will stay the same in 2017. Workers remain eligible to defer paying income tax on up to $18,000 that they save in a 401(k) and $5,500 in an IRA. And employees age 50 and older continue to be able to save an additional $6,000 in [...]
Before you need to apply for business financing, a simple calculation will help you determine how much you can afford to borrow. As a small business owner, there will be times when you need to prove your credit worthiness—especially when applying for a loan. But savvy business owners want to know the financial well-being of [...]
Across America, new rules take effect this week for managing the development of our manufacturing workforce On October 18, 2016, new Federal rules took effect for how workforce development is to be accomplished in America. These rules implement the Workforce Innovation and Opportunity Act that was signed into law in July of 2014 along with [...]
Small business owners are rushing to get their companies — in particular their employees — ready for an upcoming change in overtime rules. With federal regulations that are expected to affect the paychecks of 4.2 million workers going into effect Dec. 1, human resources consultants say they're seeing a surge in calls from owners seeking [...]
Don’t let the complexities of sales tax rates, use tax rules and tax exemption management take you away from running your small business. When you started your small business, you probably didn’t plan to spend your days calculating sales tax rates or answering customer questions about which of your products and services are taxable. But [...]
Paying property taxes is not one of the joys of homeownership. Those necessary — but often hefty — payments cost the average American household $2,127 a year, and helps to fund local governments and schools. That annual levy is even higher in states such as New Jersey or Illinois, which are among the highest average [...]
Before you get wrapped up in the upcoming string of holidays and the inevitable bustle that goes with it, financial advisors recommend dedicating some time to taxes. And no, they're not trying to be funny. The fact is this: If you want to reduce your 2016 tax bill, most of the available strategies must be [...]
The U.N. health agency on Tuesday recommended that countries use tax policy to increase the price of sugary drinks like sodas, sport drinks and even 100-percent fruit juices as a way to fight obesity, diabetes and tooth decay. The World Health Organization, in a statement timed for World Obesity Day, said that the prevalence of [...]
