Consultant’s Corner: Tax Treatment of Tipped Employees

Question: Are tips received and reported by a waitress taxable for unemployment calculations? Tips reported by a restaurant waitress to an employer are taxable for unemployment tax calculation purposes, subject to certain thresholds and guidelines. Also, there are additional tax treatment considerations for different types of food service businesses and tip and gratuity procedures that […]

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How to Invest Time in Your Team

You might be looking at your business’s team and wondering where to invest your time—how to identify the people you should be spending the most time on. As a head football coach managing a wide range of personalities, talents, and people, Ohio State’s Urban Meyer developed what he calls the 10-80-10 Principle, described in his […]

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Success is Not an Accident

One of the many lessons I learned playing football that has completely translated into my life in business is that success doesn’t happen by accident; it takes a lot of hard work. Every player on the team has to work hard and learn all the fundamentals, the blocking and tackling, catching, reading a defense. And […]

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How to Save Time with Your POS System

If you rely on your POS system for time and wage data, that is some of the most important data you have, and manual data entry can be time-consuming—and ultimately very expensive in terms of using your time as the business owner. But there are ways to use your POS system and transfer all that […]

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Consultant’s Corner: Hiring Your First Employee

Question: I’m growing and am thinking about hiring my first employee. What should I do? When growing a business, entrepreneurs typically reach a point in the process where they must consider the prospect of adding staff. There are several important things to consider when hiring employees, which include: labor laws, compensation structure, fringe benefit programs, […]

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Stop Going Through the Motions

Have you ever seen someone who was clearly just going through the motions? Someone who mindlessly asks you a question that you’ve already answered just because it’s the next question in their script? Or asks a question that is clearly irrelevant to your situation? Many people start to go through the motions, especially as the […]

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Small Biz Stories: Enjoy the Entrepreneurial Ride

“Be flexible. Whether you’re the type of person that has a 14-page business plan, or a napkin with an early stage logo and that’s all you want to do, you have to be flexible and ready to take big turns.” That’s the number one piece of advice Simms Jenkins of BrightWave Marketing has for fellow […]

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Friday 5 for October 13th, 2017

4 Female Athletes Successfully Embracing Entrepreneurship By Deborah Sweeney All throughout October, female entrepreneurs everywhere are celebrating National Women’s Small Business Month. There are more than 11 million woman-owned businesses… 4 minute read Pay Attention to Passive Job Seekers By ADP When we’re looking to hire a new employee, many of us focus on active job […]

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Earn Your Disappointment

I didn’t make the cut. During my junior year in high school, I tried out for the varsity basketball team. Now don’t get me wrong—I put on a respectable showing during tryouts. But you know what? It wasn’t enough. I was the last cut made. I fell one spot short of making the team. And […]

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4 Female Athletes Successfully Embracing Entrepreneurship

All throughout October, female entrepreneurs everywhere are celebrating National Women’s Small Business Month. As reported by the SBA, more than 11 million woman-owned businesses can be found in the United States, generating more than nine million jobs and $1.6 trillion in annual revenue, and conquering every industry from healthcare to social services. Going the distance […]

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