How to Prepare Your Business for an Economic Slowdown
Financial winter is coming. Or is it? Despite renewed optimism that the US economy can avoid a deep downturn, economists say the chances of a recession in 2024 are still about even. Small businesses are feeling the pain from high inflation, declining consumer confidence, and other economic headwinds. Whether we officially enter a recession in […]
SECURE 2.0 Tax Credits for Small Business Retirement Plans
America is in the midst of a retirement savings crisis. Many people are not saving enough to replace their income in retirement, and some have no money saved for retirement. Employer-sponsored retirement plans enable people to save for retirement, but many private-sector workers do not have access to such plans.[1] Small businesses, the backbone of […]
Changing Your Business’s Legal Structure
Over time, your business can undergo significant changes. What may have started as a humble, one-person operation can grow into a more complex company, with multiple owners, employees, an evolving mission statement, and increasing risks. As the scope and goals of your business shift, an accompanying change in business structure might be warranted. There are […]
Changing Your Business’s Legal Structure
Over time, your business can undergo significant changes. What may have started as a humble, one-person operation can grow into a more complex company, with multiple owners, employees, an evolving mission statement, and increasing risks. As the scope and goals of your business shift, an accompanying change in business structure might be warranted. There are […]
How to Offer Group Health Insurance in Your Business
Small businesses with fewer than 50 employees are not legally required to offer health insurance to employees, but health coverage is one of the most desirable job benefits. Approximately two-thirds of business owners provide health insurance as a way to hire and retain the best workers. Whether employer-sponsored health insurance is required by law or […]
Using ChatGPT: Benefits and Risks for Businesses
No technology in recent memory has generated more hype, both positive and negative, than ChatGPT. ChatGPT is probably the most well-known of many generative artificial intelligence (AI) applications and tools that are currently available. There are many tasks that it can help to automate, optimize, and make more efficient. But it also has limitations and […]
Legal Considerations for Social Media Influencers
As a business owner, you may be considering leveraging social media to enhance your business’s engagement and reach. One way to do this is to employ the use of social media influencers. Social media influencers are individuals who have amassed large followings of people on various social media sites who trust their opinions on a […]
What You Need to Know About Paying Employees
Employees are essential to your small business. Hiring and retaining workers is one of the biggest challenges that business owners face. In this highly competitive labor market, employers are looking for competitive edges to attract—and keep—employees. While many workers currently place a greater emphasis on job attractors other than compensation, pay remains highly important to […]
Developing a Paid Time-Off Policy
Americans are known for putting in long hours with little rest, which can lead to burnout, lower productivity, and decreased job engagement. Although employers are not legally required to offer paid time off (PTO) to their workforce except in a few states, most choose to do so. Those that offer PTO benefits may have a […]
Developing a Paid Time-Off Policy
Americans are known for putting in long hours with little rest, which can lead to burnout, lower productivity, and decreased job engagement. Although employers are not legally required to offer paid time off (PTO) to their workforce except in a few states, most choose to do so. Those that offer PTO benefits may have a […]