Learn if Cloud Accounting might be right for your small business. Intuit describes the benefits of cloud accounting in this report and how it plays an important role in security, efficiency, and reliability. It also describes multi user access, synchronization features, and future growth that can possibly save on costs and promote greater productivity. Trends show that small business [...]
In comparison to large companies, small businesses may encounter greater Human Resource challenges. This could be due to many factors, including a lack of available resources within the company. ADP recently released a report on the top 5 HR challenges faced by small businesses. These include hiring, benefits' cost, productivity, employee handbook, and compliance. This report lists action items [...]
The SBA identifies small businesses in different socio-economic categories so that they might be able to optimize procurement opportunities. One of those categories is Small Disadvantaged Business (SBD). This site will help you understand the eligibility criteria to becoming an SDB. Click here to learn more.
On April 13, 2017, President Trump signed the Congressional Review Act (CRA) that bars city-run auto-IRA requirements for small businesses. The Senate will also vote on a similar requirement for small businesses to participate in state-government IRA's. Both would impact the Employee Retirement Income Security Act (ERISA) imposed requirements, under the Department of Labor (DOL) regulations. [...]
The National Association of Women Business Owners (NAWBO) is an outstanding organization that represents the voice and interest of women entrepreneurs in the economic, social, and political arenas. As a Chair of the NAWBO Orlando Chapter, I'd like to inform you about the NAWBO National Conference that is coming this Fall. It will consist of a [...]
As a small business owner, it's imperative to know how to classify the employee(s) being hired. This site discusses the differences between identifying the candidate as an employee or independent contractor. As the employer, you must consider the legal perspective as well as the additional requirements needed in each category (i.e. benefits, compensation, etc.). Your employee classification criteria is also [...]
One business accounting excercise is to create several financial statements in order to measure the company's performance and future growth. The balance sheet is one of those statements. Once completed, it will help to determine how to increase profitability and cash inflows. This site will help you understand the purpose of the balance sheet as well [...]
SCORE recently released a first in a series statistic report on over 18,000 pre-start, start-up, or established small businesses. Survey topics include critical concerns, employment contribution, financing opportunities obtained, growth projections, and information sources, to name a few. Future reports will include subtopics on start-ups and business financing. Click here to access the full report.
SCORE will be hosting another live webinar, for small business owners, on how to be compliant with hiring laws. Subject matter will include the latest trends in hiring-related legislation and how they might impact your business. For example, the difference in hiring laws from state to state, pay equity laws, EEOC advice, and best practices, to name a [...]
On Thursday, June 8th, 2017 from 12 pm to 5 pm (EST), SCORE will be hosting a live virtual conference titled: Small Business Success. The conference will include discussions on business' credit profile, social media trends, hiring employees' laws, and more. This is a great opportunity to learn more about SCORE and the many benefits it [...]