When you’re in business, you’re bound to deal with credit and loans. So, are you extending credit to customers, requesting credit, borrowing a loan from lenders, or doing all of the above? If so, you need to know about the Consumer Credit Protection Act.
Read More An Overview of the Consumer Credit Protection Act
You’ve worked hard to build your business. Although you might not want to share your business secrets, you probably need to when you hire employees. To prevent employees from revealing sensitive information that could jeopardize your business, you might have them sign an employee confidentiality agreement.
Read More Safeguard Your Business’s Sensitive Information With an Employee Confidentiality Agreement
As an employer, you may decide to experiment with flexible work schedules to boost productivity, combat turnover, and improve work-life balance. One type of flexible work arrangement you can try out is a compressed workweek. But, how does a compressed week work, and what’re the perks of having one in your business?
Read More Looking for Some Flexibility? Consider a Compressed Workweek
Here’s a number: $287,923. That’s how much the Department of Labor recovered in back wages and liquidated damages from a business that offered comp time instead of overtime. So, what is comp time, and when is it OK to give?
Read More What Is Comp Time? What Employers Need to Know
If you have employees, you need to compensate them. So, you set an hourly rate or salary. But, you might also give other types of wages to your employees. And if you do, you need to know if those other wages count as compensation. Why? Knowing what is compensation is a key part of putting […]
Read More What Is Compensation? | Employer Guide
What makes one worker an employee and another not an employee? It can be confusing to determine which is which. But, it’s essential that you understand the difference. So, let’s take a look at who is an employee.
Read More Who Is an Employee? Understanding Worker Classification and Control
Typically, employers provide hourly or salary wages to workers. However, some business owners pay commission to employees. What is commission?
Read More What Is Commission, and How Does It Impact Businesses and Employees?
You work long hours as a small business owner. And if you have children or dependents, you might need help providing care while you work. But with 58% of families expecting child and dependent care expenses to cost more than $10,000 per year, things can add up quickly. Did you know the IRS offers some […]
Read More What Is the Child and Dependent Care Credit?
Only 44% of custodial parents receive the full amount of child support. And when a parent doesn’t voluntarily meet their child support obligations, employers might be involved in the child support process.
Read More What Is Child Support Withholding?
Hiring employees can be exciting, especially if it means your business is growing. But if you’re hiring someone under 18 years old, you need to know child labor laws. Why? Because the employment of minors carries stricter regulations than adult employment. Not to mention, ignoring child labor laws can result in penalties from the federal […]
Read More Keep It Legal: What You Need to Know About Child Labor Laws to Avoid Penalties