Posts by Angela Cordle
How to Retain Employees
High turnover is not uncommon in small business, but it is expensive. Most small businesses cannot afford to constantly hire and let go of employees. Having a dedicated staff is one aspect of a successful company that should not be overlooked. Particularly when working for a startup whose outlook could change from great to grim…
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What Are Disparate Impact and Disparate Treatment?
Perhaps the most common type of discrimination claim that employers face is disparate treatment. Disparate impact and disparate treatment are two legal theories of discrimination, and it’s critically important that you protect yourself and your business from these kinds of actions. Good intentions are not enough to defend yourself in these claims, which are all…
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Things to Consider About Telecommuting
While there are many potential advantages to telecommuting for your business’s employees, there are also many things you need to consider and work out before setting up any arrangements. These include both personal and technical considerations, and will go a long way toward determining whether telecommuting is a good option for your employees. It’s also…
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Deductible Employee Benefits
You can deduct some types of payments to your employees. Some of the payments you may be able to deduct are listed below. For an explanation of each of these items, see chapter 2 in Publication 535. Types of Deductible Employee Benefits Bonuses Employee achievement awards that meet certain requirements Loans or advances that you…
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Pros and Cons of Job Sharing
You may have encountered the concept of job sharing, whether from your research while starting your business or just in everyday life. It’s been around for a long time, and has become more and more prevalent in recent years. But do you know what job sharing is, and whether it would be right for your…
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Finding Entrepreneurial Employees
Hiring the right employees can go a long way when you’re an entrepreneur. Your business is a team, and you want to have the best team around you, people who both do good work and work well together. When you are interviewing potential employees, what characteristics and experiences are you looking for? Anita Campbell, the…
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Succession Planning
Most business owners want their businesses to survive after their own retirement. Survival of the business allows for the payment of retirement income and gives a sense of accomplishment to the founder. It can also be a valuable source of future income and employment for family members. So why is it that only 30% of…
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Quick Read: Social Security and Medicare Taxes Explained
Both the Social Security tax and the Medicare tax consist of two parts — an employee’s portion and an employer’s portion. Employers are required to withhold the employee’s portion of both taxes from the employee’s taxable wages and to pay a matching amount as the employer’s portion. Unless an employer pays employee’s tips, the employer’s…
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Insurance Checklist: Deductible vs. Nondeductible
Use this list to determine which types of insurance expenses are deductible for your small business. You can generally deduct premiums you pay for the following kinds of insurance related to your business. Credit insurance on losses from unpaid debts. Fire, theft, flood, or similar insurance. Group hospitalization and medical insurance for employees, including long-term…
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