Imagine being able to attract and retain the best people—frontline workers, managers, salespeople and others. How different would your life be not worrying about selling more work due to operational capacity constraints? What else could you accomplish if the burden of hiring and training vanished? How much more profitable could you be? There are a few employers in every industry... read more
Have you ever noticed line 79 on your individual income tax return (form 1040). It’s your estimated tax penalty. You paid your taxes and you may have even received a refund, so what gives? Per IRS rules, it’s not just enough to pay your taxes for the year. They must be paid at prescribed time intervals. The year is divided... read more
Starting an employee retirement plan is a great way to help employees plan for their futures while rewarding them in the process. It also may incentivize them to help grow the company while reducing taxes. Retirement plans present significant tax advantages for both employers and employees. Contributions from the employer are deductible and contributions from the employee are deductible and... read more
1. Don’t make new hires feel welcome and valued. Employees are most impressionable during the first 60 days on the job. Every bit of information gathered during this time will either reinforce a new hire’s “buying decision” (to take the job) or lead to “new hire’s remorse”—especially if he or she is shunted to menial, routine work while you do... read more
During the presidential election season, one issue that came up was whether or not Donald Trump paid any taxes. I have no insider information on his taxes, but as a CPA, I can come up with a scenario where it would be perfectly legal if he didn’t. Can a landscape or lawn care business owner avoid taxes the same way... read more
Before I make a presentation, I survey the attendees to find out their challenges when it comes to recruiting, interviewing, selecting and retaining employees. This year, the three biggest challenges reported across all industries are: Not enough qualified applicants; The ability to identify the applicants with the highest potential of becoming stars; and Keeping stars motivated and engaged. When asked... read more
