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Using Drug Testing For New Hires

October 23rd, 2013 by Renee in Human Resources | No Comments »

When prospecting for new employees, most employers would prefer not to hire anyone who may use drugs while on the job or even on their own time. Many private companies and even some public organizations use drug testing as part of their hiring process. The U.S. Supreme Court has ruled that employment drug trusting, when obtained unobtrusively, is not harmful to employees. In fact, the Drug-Free Workplace Act of 1988 requires that employers that receive federal grants be drug-free workplaces or lose funding. However, if you are considering using drug testing for your business as part of the hiring process, there are rules and regulations that need to be followed. Read More »

Understanding Truth-In-Advertising Rules

October 9th, 2013 by Renee in Entrepreneurship, Social Media Marketing | No Comments »

The Federal Trade Commission (FTC) and the Federal Trade Commission Act have strict rules on what is considered truth-in-advertising. Most businesses use marketing and advertising in one way or another to promote business and it is important to understand what rules and laws must be adhered to in ads placed by the business. Although what is considered the “truth” sometimes may be a matter of opinion, there are certain standards that must be met. Read More »

Protecting Your Business From Premise Accident Liabilities Claims

September 25th, 2013 by Renee in Entrepreneurship | No Comments »

Any business that has a brick and mortar store front or office can be in jeopardy of having a customer or client sue them for a premise liability claim. Although most businesses will have general liability insurance to protect them against loss, claims can make premiums skyrocket and may even become larger than the insurance policy will cover. Although having liability insurance is prudent, business owners should also be looking to avoid claims altogether by understanding their liability and preventing any accidents that they can. Read More »

Keep Business Tax Records Safe From Natural Disasters

September 4th, 2013 by Renee in Tax News | No Comments »

Each year storms hit throughout the country, whether it is the devastating impact of a hurricane on the east or southern coasts, floods washing away the northwest or tornadoes tearing apart the Midwest. Often there is little time to prepare for these disasters and many homes and businesses are left with large physical losses. Unfortunately, many times documentation that is needed for tax purposes is lost in these storms, putting business owners in a precarious tax situation. The IRS strongly recommends that all businesses start safeguarding their tax records in case a fire, flood or other natural disaster strikes. Read More »

How To Use Information From A Balance Sheet

All businesses, big and small, should have a monthly or quarterly balance sheet that calculates the current financial state of the business. This snapshot of the businesses finances does not show the how or why a business is where it is or where it is going, however, it is a valuable tool for managing finances and goals. Whether an accountant prepares the balance sheet or it is done internally, these financial reports should be used to monitor financial stability and make adjustments as needed. Read More »

How To Save Money On Business Insurance

August 7th, 2013 by Renee in Business Financial Management | No Comments »

Most businesses need to have some type of insurance to protect their assets. However, not all businesses need the same amount or types of insurance protection and many times a business may be paying more than they need to for insurance. Insurance needs change as the business changes and what may have seemed necessary coverage when the business first started may no longer apply. Business insurance should be evaluated yearly to ensure the coverage is not too little or too much and to look for ways to save money on the policy. Read More »

Creating A Competitors Analysis

July 24th, 2013 by Renee in Entrepreneurship | No Comments »

It is a competitive and ever-changing marketplace for all businesses, from small mom and pop stores to large chains. Although most business owners have an idea of who their competitors are, many do not take the time to do a comprehensive analysis on these competitors as well as keep ongoing files on their activities. Compiling and using information on what your direct and indirect competition in the marketplace is doing to lure customers, including your client base, into their businesses can be vital to staying ahead in marketing and advertising techniques. Read More »

Legal Issues Regarding Starting An E-Commerce Site

July 10th, 2013 by Renee in Entrepreneurship | No Comments »

Starting an e-commerce website is common both for new enterprises and as another avenue for existing brick and mortar businesses to gain new customers. However, there are many tax and legal issues that need to be considered before beginning to sell products and services online. Taking the time to examine all the legal implications before launching an e-commerce site can save many small businesses owners from inadvertently getting in legal hot water. Read More »

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