Category: Running a Business

7 Things You Can Do If You Can’t Make Payroll

7 Things You Can Do If You Can’t Make Payroll

If you’ve experienced a sudden change in cash flow or an unexpected expense, it can throw off your plans for your business. In some cases, it could impact your long-term goals. But in a worst-case scenario, it can have immediate ramifications, including not being able to make payroll. Not only would a late paycheck anger your employees, but it could also be a violation of the Fair Labor Standards Act (FSLA) and incur legal penalties. What’s more, employees may also… Read More
Should You Take Out a Loan for Payroll?

Should You Take Out a Loan for Payroll?

When cash flow slows, becomes stagnant, or is otherwise disrupted (large purchases, overdue accounts, etc.), business owners can become vulnerable to a variety of financial woes. Bills can go unpaid, vendor relationships can become strained, and, if the problems persist, your credit can take a quick slide downward. Unfortunately, cash flow problems can also impact another essential part of your business – payroll. Aside from leaving employees disgruntled, failure to meet your payroll obligations is considered a violation of the… Read More
Do I Need a Will? – Why Small Business Owners Should Have an Estate Plan

Do I Need a Will? – Why Small Business Owners Should Have an Estate Plan

With the passing of Aretha Franklin a few short weeks ago, the world lost a musical legend and cultural icon. Dubbed the “Queen of Soul,” she’ll leave behind a legacy that will shine through history, impacting music for decades to come. The famed singer also left behind a considerable fortune, with some estimating her estate to be worth $80 million. However, while family and friend grieve a tremendous loss, they also must contend with another reality – the absence of… Read More
Association Health Plans Now Available to More Small Businesses

Association Health Plans Now Available to More Small Businesses

A lot has been going on with insurance these days. Despite a fast-moving and somewhat tumultuous political landscape, many small business owners are still asking “what are we going to do about health care?” With many of the main components of the ACA gutted, and several Obama-era rulings reversed, much of what companies have been hurrying to comply with is no longer relevant. What remains has left many small businesses without options for their modest pool of workers. The Department… Read More
How to Handle Sick Leave as a Small Business Owner

How to Handle Sick Leave as a Small Business Owner

Getting paid time off when you’re ill used to be a trademark of more traditional, full-time career employment; it came standard for many workers, along with pension (and a gold watch) when you retired. This was part of the picture only for some American workers, however, as most part-time employees, laborers in certain industries, and freelancers rarely received sick leave. While the Labor Department 2018 numbers revealed a slight increase in workers who got paid sick time (a change from… Read More
8 Business Services You May be Paying for That You Can Get for Free

8 Business Services You May be Paying for That You Can Get for Free

Looking to make some trims to your operational budget? Just getting started and need business solutions that won’t break the bank? There are a lot of bills that are unavoidable – utilities, suppliers, etc. – but today’s digital environment connects small business owners with a variety of products that can help them run their business without adding to their bills.   Cut your costs by checking out these eight free business services. Doc Storage – Google Drive Google may be… Read More