The federal government recognizes that “illicit actors frequently use corporate structures such as shell and front companies to obfuscate their identities and launder their ill-gotten gains through the U.S. financial system.” To enable the government to catch and penalize these bad actors—drug dealers, money launderers, foreign operatives, and others—the Corporate Transparency Act (CTA) of 2021 imposesContinueContinue reading “Get Ready for the Beneficial Ownership Information Reporting Rule”
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Recession-Proofing Your Business: All About Cash
The old expression “cash is king” really hits the mark during a recession. SCORE reports that 82% of small businesses fail due to cash flow problems. To help recession-proof your business, be sure to have cash and manage it wisely. Here are some ways to do it: Getting the cash you need For most businesses, havingContinueContinue reading “Recession-Proofing Your Business: All About Cash”
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 giving workers comp time. The thresholds for determining whether certain employees are subject to this overtime rule was last changed in 2019. Now, the DOL has proposedContinueContinue reading “Proposed Changes in Overtime Rules and What to Do About Them”
10 Work Arrangement Options for Office Employees
The labor shortage that resulted from the pandemic persists today. This means that employers must devise work arrangements to attract and retain valued employees. During the pandemic, working from home became the norm for many employees. Is that still a desirable arrangement? What is best for employees that can meet employer needs? There’s no one-size-fits-all.ContinueContinue reading “10 Work Arrangement Options for Office Employees”
The Good and the Bad of Using AI to Create Content
Today, anyone (including me) can figure out how to use ChatGPT (Open AI) to create content. It can produce blogs, marketing materials, video scripts, and more. This generative AI tool is free and can be helpful. But there are some serious issues to note. Here’s my take on how I’ve been using it and whatContinueContinue reading “The Good and the Bad of Using AI to Create Content”
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