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The Right Way to Reject a Job Candidate

The Right Way to Reject a Job Candidate

Most small businesses today know about the importance of online reputation and the power of social media to help or hurt that reputation. Dozens of websites and rating services, from the majors such as Yelp, Twitter and Facebook to those serving specific business sectors such as travel, are open for anyone to express an opinion. […]

9 Ways Small Employers Attract Lawsuits

9 Ways Small Employers Attract Lawsuits

Lawsuits filed by disgruntled employees or independent contractors against small businesses are one of the most vexing problems that business owners continue to face. Many are constantly on edge, fearing frivolous legal actions that can ruin the business even if the complaint has no merit. Other small businesses – and especially those new to the […]

How Business Owners can Fight Rising Fraud

How Business Owners can Fight Rising Fraud

 “Back office” and other types of financial fraud are rising at U.S. companies, and are hitting small businesses especially hard. Fraud experts point to the lingering effects of recession, cutbacks that have eliminated financial checks and balances at many businesses, and simple complacency as key reasons. According to Joseph Wells, a CPA and founder of […]

What 1099 Reporting Rule Repeal Means to Small Business

What 1099 Reporting Rule Repeal Means to Small Business

Okay, small business owners just dodged a bullet. Chalk one up for common sense. The insane expansion of 1099 reporting hidden in 2010’s massive health care reform bill is now toast. President Obama put a stake in its heart on April 14. Expansion of mandatory IRS 1099 form filing would have required every small business […]

Essential Guide to Hiring Teens for Summer Jobs

Essential Guide to Hiring Teens for Summer Jobs

About four million teenagers will hold summer jobs in the U.S. this year.  If you plan to be among the millions of small business owners who provide those jobs it’s important to know the special rules that govern teenage workers. Government statistics show that young workers suffer a disproportionate share of on-the-job injuries.  According to […]

New SBA Study says IRS Small Biz Audit Crackdown is Bogus

New SBA Study says IRS Small Biz Audit Crackdown is Bogus

Ten years ago, a landmark IRS report claimed that small business owners under-report income by $80-100 billion yearly and account for over half of the U.S. “tax gap” of owed by uncollected taxes.   As a result, small business owners have been subjected to increased audits and reporting requirements, including the controversial new 1099 rule. But now […]

Why You Need a Business Buyout Agreement

Why You Need a Business Buyout Agreement

A business buy-sell agreement – sometimes called a buyout or partner buyout agreement – is vital to any small business that has more than one owner.  And that includes family businesses. But the terminology is tricky. This is not about buying and selling businesses. Rather, it is an agreement between partners or co-owners governing these […]

Best and Worst Areas for Small Business Bankruptcies

Best and Worst Areas for Small Business Bankruptcies

Bankruptcy filings by small businesses in the U.S. have dropped sharply in some areas, but have actually risen in others according to a new study of bankruptcy trends among the nation’s 24 million small businesses conducted by Equifax, one of the major credit reporting agencies. While bankruptcy rates have slowed in many regions, California remains […]

Business Owner Guide to Top Legal and Tax Trends

Business Owner Guide to Top Legal and Tax Trends

Starting and operating a small business is never easy, and all of the tax and rule-making authorities that get in your way don’t help. Legal and regulatory issues, trends and requirements are always changing, forcing business owners to run a new gauntlet each year.  To keep you on top of things, here are 11 trends […]