Tag Archives: Small Business

Hiring an independent contractor offers employers many advantages. Employers do not pay taxes on independent contractors’ wages, nor are they expected to provide benefits as they must with traditional employees. Employers often save 30 to 40 percent on labor costs by using independent contractors. Since independent contractors are usually hired for a specific period orContinueContinue reading “Employee or Independent Contractor? How to Make an Accurate Worker Classification”

There are certain things that are ok for startups to forget, and then there are these five. Of course, a good chunk of the business world is based on luck, so there’s a chance you could blunder your way to success. But is it likely? Absolutely not. A startup can be built by anyone, ofContinueContinue reading “5 Startup Features You Can’t Afford To Forget”

The Fair Labor Standards Act (FLSA) regulates what constitutes compensable time or hours worked. Under the FLSA, compensable time includes all work an employer “suffers or permits” its employees to work. This may occasionally include an employee’s travel time. In addition, a workday begins when an employee starts their principal activity and ends when heContinueContinue reading “What are the Rules for Compensable Travel Time?”

To help small businesses looking to resolve incorrect claims, the IRS recently published special warning signs that an Employee Retention Credit (ERC) claim may be questionable or incorrect. With the March 22, 2024 deadline approaching for the ERC Voluntary Disclosure Program – which is for anyone who filed a claim in error and received a payment,ContinueContinue reading “7 Warning Signs an ERC Claim is Incorrect”

Effective communication is crucial to fostering a positive relationship between employers and employees. It can show employees they’re valued and heard, improving employee satisfaction and retention. Conversely, poor communication can lead to workplace inefficiencies, foster employee discontent, and create engagement and retention issues. These concerns can significantly impact workplace productivity and organizational revenue; according toContinueContinue reading “How to Create Effective Employee Communication and Avoid Common Mistakes”