October 20, 2016
Many businesses have no idea what is ahead as it relates to DOL enforcement and how the IRS will be involved. Some may have heard of ACA, but most know it as "Obamacare". Some have heard about new regulations on overtime, but have no idea that they are impacted. Most businesses know there are issues with contractor vs. employee rules, but have no idea of how it applies to them and that the cost of mistakes is growing and why it is a bigger enforcement issue now than in the past. All of these areas fall in the enforcement side of both the DOL and IRS.
It is much better to find out now and be proactive than to sit and wait for an action. We will host a presentation on October 27th to hear from Ross Carmichael with Higginbotham Insurance Group. Ross is a former DOL investigator and heads up Higginbotham's compliance team. We have worked with Ross and Higginbotham for a number of years and find them to be a great resource when it comes to employee benefits compliance. Just email us and we will send you more information on the presentation.
Small business owners in many communities offer downtown trick or treat events. Take advantage of this opportunity to build your business reputation. Involvement in local events goes a long way with both existing and prospective customers—indicating a vested interest in your community. Find creative ways to make your business stand out this trick-or-treat season. We hope the following suggestions will spark fun promotional ideas:
October marks Women’s Small Business Month, and we are happy and proud to recognize women in business both locally and around the world. Successful business women of the past and present continue to forge new paths for female entrepreneurs. We celebrate all those who are breaking the glass ceiling and serving as role models and mentors to women everywhere.
For many business owners, September tends to bring a bit of a slowdown. The chaos of getting kids prepared for going back to school has passed, and a focus on saving money tends to kick in as people prepare for the coming holiday spend. Combined, this can often translate into a lull for business owners.