Ever found yourself frustrated by a customer who just doesn’t seem to pay on time? After all, you thought your terms of payment due in 30 days was pretty fair. Yet, as you check the mail, again, you wonder how can it be so difficult? You think, maybe you are overacting and should just give them a little more time….well…
We all seem to collect mounds of paper no matter how paperless we try to go. Trying to decide which documents we should keep and for how long can also prove challenging, particularly when you are looking to unload some of that paper. So what should you keep and for how long? According to the IRS, the American Institute of…
It’s becoming a more and more frequent practice for insurance companies to include a benefit-cutting clause in business insurance policies. What is this? In the past, business insurance policies generally instructed the insurance carrier to cover the entire cost of legal fees and related expenses, even when only part of the claim was covered by the policy. However, several insurance…
Last year, it came to light that the Small Business Administration had allowed hundreds of Fortune 1000 firms to receive billions in federal small business contracts. Companies such as AT&T, Lockheed, Boeing, Nike, Sprint and Hewlett Packard had erroneously received federal small business contracts through “miscoding” and “computer glitches,” according to SBA officials. Obviously, many were upset and vowed action….
Business structures such as an LLC, LP, S Corporation or C Corporation are legitimate, legal structures. When you form one of these entities, you also reap certain benefits in terms of tax savings, limiting liability, etc. However, you need to fulfil the requirements that the federal government and states sets up in order to keep that structure. Too often, business…
The SurePayroll Small Business Scorecard Business for March 2007 found that business owners continue to hire new employees and pay higher salaries. In fact there was a 47 point increase in the index from the previous month. While the pace of salary increases appears to be slowing, salaries are still increasing. The average small-business salary nationwide is now $31,791. That’s…
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