The Department of Labor (DOL) and the Internal Revenue Service (IRS) are both increasing their enforcement efforts with random audits and imposing considerable financial penalties when they discover that a worker has been classified incorrectly. It is crucial that business owners correctly determine whether the individuals providing services are employees or independent contractors. In most […]
Consumers getting government subsidies for health insurance who are later found ineligible for those payments will owe the government, but not necessarily the full amount, according to the Treasury Department. The clarified rule could affect some of the 300,000 people facing a Sept. 5 deadline to submit additional documents to confirm their citizenship or immigration […]
The BEST of michbusiness Awards Program is dedicated to one thing – recognizing those companies and individuals that make Michigan a top-notch place to do business. Join us: November 18, 2014 – International Banquet Center at the Atheneum Suite Hotel, 400 Monroe Street, Detroit CLICK HERE for more information
Individuals living or working in Macomb, Oakland or Wayne Counties and whose employment was lost or interrupted due to the severe storms and flooding on August 11-13, 2014, may be eligible for federal Disaster Unemployment Assistance, the Department of Licensing and Regulatory Affairs said Friday. Disaster unemployment assistance is available for workers who temporarily lost […]
By Mike Semanco President & CEO Hitachi Business Finance In a credit market where bank liquidity is at an all-time high and financial institutions are now lending to well-established companies, the argument for asset-based lending and factoring being used to fund high-growth, entrepreneurial companies remains very strong. In the last 60 days, we have […]
By Spencer Silk Franklin CIO Services, LLC Metrics are used to drive improvements and help businesses focus their resources on what is important. Metrics vary be company and can vary from those that are mandatory for legal, safety or contractual purposes to those that track increases in efficiency, reductions in complaints, greater profits and better […]
A study that connected with over 12,000 small business owners across our nation is shedding some new light and also reaffirming past findings. This survey conducted by Thumbtack, in partnership with the Ewing Marion Kauffman Foundation did not include manufacturers or retail operations. The overall findings suggested that small businesses nationally felt reasonable, well-enforced licensing […]
By Larry Klimek President JKL Associates I’m sure we have all heard the statement – If you truly love what you do then you will never work a day in your life! This is more easily said than accomplished by most people in the workplace. If you look around at the people in your company […]
By Daron Powers Consultant Facts: • You want a profitable business. Communication and marketing are key elements in attracting more business. • It’s easy to become embroiled in the day-to-day—and often next to impossible to find the time to focus on strategy or the bigger picture. • Hoping and wishing for more business doesn’t work […]
By Larry Grudzien Attorney at Law September 2014 Introduction The Affordable Care Act (“ACA”) created new reporting requirements under Internal Revenue Code (“Code”) Sections 6055 and 6056. Under these new reporting rules, certain employers must provide information to the IRS about the medical plan coverage they offer (or do not offer) to their employees. Code […]
