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Business owner looking at business financials undergo asset impairment testing

Should You Undergo Asset Impairment Testing?

By Small Business

Businesses require assets to function, generate cash, produce profits, and provide a return on investment for their investors, owners, and stockholders. Assets are a key element of each business’s net worth, meaning it may be time to undergo some asset impairment testing.  A business asset is something of value that generates revenue and creates value for…

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Salaries vs. wages how to pay employees

Paying Employees Salaries vs. Wages 

By Small Business

No business runs magically by itself. Rather, businesses operate with highly valuable human talent. And that talent costs money. Labor costs are a significant percentage of each business’s cost structure, generally ranging between 15-30 percent, but varying based on industry. A key cost consideration for business managers is to determine the payment of salaries vs. wages for…

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Labor laws and payroll regulations staying compliant writing check to employee

Complying with Labor Laws and Payroll Regulations

By Outsourced Payroll

It is often expressed that “employees are the lifeblood of every organization.” Ann M. Mulcahy, former CEO and chairwoman of Xerox Corporation, said, “Employees are a company’s greatest asset—they’re your competitive advantage. You want to attract and retain the best; provide them with encouragement, and stimulus, and make them feel that they are an integral part…

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business payroll management and compliance outsource

Simplified Payroll Management: Tips for Efficiency and Compliance 

By Outsourced Payroll

It has been said that people are a business’s most important asset. Given that truth, it makes absolute sense to handle your employee payroll in the best way possible. The key objectives for every payroll management system should be to process payroll accurately, on time, and in compliance with all laws and regulations.   Why Effective Payroll Management is Vital …

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Business owner talking with a lawyer about employee sue claim

8 Most Common Reasons Employees Sue Their Employers 

By Small Business

No business owner should want to have an employee lawsuit to deal with. But unfortunately, we live in a lawsuit-oriented age and lawsuits are sometimes unavoidable, even with good business practices. Employees sue for varying reasons, especially when they get fired. In every case, a lawsuit can be disruptive, time-consuming, costly, and can negatively affect company…

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