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Are You a Joint Employer?
Companies that use a lot of subcontractors have long awaited clarification of the joint employer rules under the Fair Labor Standards Act (FLSA). Designation as a joint employer is a critical distinction, since joint employers are responsible for payment of wages and compliance with overtime rules. Historically this issue has been most important in the construction industry, where the use…Read More -
Are You a Joint Employer?
Companies that use a lot of subcontractors have long awaited clarification of the joint employer rules under the Fair Labor Standards Act (FLSA). Designation as a joint employer is a critical distinction, since joint employers are responsible for payment of wages and compliance with overtime rules.
Historically this issue has been most important in the construction industry, where the use…Read More -
How to Prepare Now for Looming Bookkeeper Shortage: A SMB Guide
The conventional wisdom for several years has been that bookkeeping and accounting clerk positions are doomed for extinction. Automation has been expected to take the place of many manual and repetitive tasks in the accounting world, reducing the need for these paraprofessional positions. A recent article in Strategic Finance magazine puts a different spin on this topic. It’s two major conclusions are:…Read More -
How to Make the Most of Your Multigenerational Workforce
Many of today’s businesses employ workers from across the generational spectrum. Employees may range from Baby Boomers to members of Generation X to Millennials to the newest group, Generation Z. Managing a workforce with a wide age range requires flexibility and skill. If you’re successful, you’ll likely see higher employee morale, stronger productivity and a more positive work environment for…Read More -
Acquiring a Business? Ask Yourself These Questions First
Completing a business acquisition can be very exciting and rewarding. Set yourself up for long-term success by hiring financial, legal and business advisors to walk you through the process. Here are three key questions to ask yourself in the preliminary stages of an acquisition and then several other items to consider as you move into due diligence. Before considering the…Read More -
How to Prepare Now for Looming Bookkeeper Shortage: A SMB Guide
The conventional wisdom for several years has been that bookkeeping and accounting clerk positions are doomed for extinction. Automation has been expected to take the place of many manual and repetitive tasks in the accounting world, reducing the need for these paraprofessional positions.
A recent article in Strategic Finance magazine puts a different spin on this topic. It’s two major conclusions are:…Read More -
How to Make the Most of Your Multigenerational Workforce
Many of today’s businesses employ workers from across the generational spectrum. Employees may range from Baby Boomers to members of Generation X to Millennials to the newest group, Generation Z.
Managing a workforce with a wide age range requires flexibility and skill. If you’re successful, you’ll likely see higher employee morale, stronger productivity and a more positive work environment for…Read More -
Acquiring a Business? Ask Yourself These Questions First
Completing a business acquisition can be very exciting and rewarding. Set yourself up for long-term success by hiring financial, legal and business advisors to walk you through the process. Here are three key questions to ask yourself in the preliminary stages of an acquisition and then several other items to consider as you move into due diligence.
Before considering the…Read More -
4 Creative Ways to Attract Millennials and the Newest Generation
The once private matter of how students are funding their education, has become one of the most talked about, and debated, topics of the past five years. We have all become painfully familiar with the facts; there is currently and estimated $1.6 T in outstanding student loans, with about 11% of borrowers already in default of their loans – compared…Read More -
3 Best Practices for Achieving Organic Sales Growth
Most business owners would probably agree that, when it comes to sales, there’s always room for improvement. To this end, every company should strive for organic sales growth — that is, increases from existing operations unrelated to a merger or acquisition.
That’s not to say a merger or acquisition is necessarily a bad idea, but you can’t rely on major…Read More -
6 Business Trends CFOs Should Follow in 2020
To remain competitive, it is imperative to consider key trends in the market. As finance leaders, you must stay up to date on marketplace trends in not only finance and accounting, but also across the entire business. As you head into 2020, consider the following trends, their potential impact to your business, and how you may work across the organization…Read More -
Cost Management: A Budget’s Best Friend
If your company comes up over budget year after year, you may want to consider cost management. This is a formalized, systematic review of operations and resources with the stated goal of reducing costs at every level and controlling them going forward. As part of this effort, you’ll answer questions such as: Cost management can help you clearly differentiate activities…Read More