Are you leaving money on the table? The Work Opportunity Tax Credit (WOTC) is like free money. WOTC provides a tax credit for companies that hire employees from designated target groups. Employers use WOTC to reduce federal income tax liability. (In HR circles, the acronym is pronounced as a word and rhymes with Yahtzee.) The…
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Why Should You Organize Your Business? Do you waste time searching for documents? Is your inbox full of unopened messages too old to be relevant? Organization can save your sanity as well as your business. Whether you are a start-up or business veteran, improved organization will pay off. When your business is organized, you are…
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3 minute read Department of Labor Overtime Increase Update On March 7, 2019, DOL Secretary Alex Acosta announced a proposal to increase the salary threshold to $35,308 ($679 per week). This means that non-exempt employees covered under the FLSA would be eligible for overtime pay if they earn that amount or less. The current overtime…
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How do you set up a business accounting system for your startup? Let’s discuss what you need to do. 1. Find a Good Business Accounting Advisor Don’t try to do this yourself. If you do it wrong, your business may never get off the ground. Find an accountant with expertise in setting up a new…
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In June, the Supreme Court ruled, banning mandatory union fees for non-union employees. That ruling means that employees in 22 states can now choose whether or not to fund union dues. This is a major change for many union employers who must now obtain consent to charge for union dues. Let’s dive into what you…
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Benefits of Using a PEO for Your Small Business Have you heard about a PEO and wondered what all the buzz is about? You’ve come to the right place! This article explores a Professional Employee Organization and why many small businesses use them. Swipeclock is not a PEO but does work with many PEOs to…
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People seeking to upgrade their employment appreciate how the low unemployment rate has expanded their job opportunities. Small business owners, however, are not as thrilled. Many are experiencing the hiring challenges of an ever-shrinking pool of talent. Business owners who solve their hiring problems have a better chance of thriving in any economy. The Most…
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The Failure Rate of SMBs isn’t as HIgh as You Think Have you heard that 8 out of 10 small businesses fail in the first 18 months? It’s complete bunk! If you have lost sleep over this widely quoted statistic, just rest assured that 75% of all statistics are made up on the spot .…
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Are you relishing the last few weeks of summer? You probably don’t want us to remind you about the tax paperwork that comes at the end of another year of business ownership. Though it’s unpleasant to think about it, tax season is just a few months away. If you have employees—especially freelancers—you need to be…
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Emotional Intelligence: The missing key In 2010, Grant Thornton UK undertook some unorthodox steps to grow their already successful accounting firms. The process took 5 years. The result? A 35% revenue uplift! And a 16% increase in client satisfaction! What did they do? What made the difference? Grant Thornton UK undertook a massive transition in…
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