Here are this week’s links to a few good stories that we found and selected because we feel they might add valuable insights and perspectives for small to medium size businesses.
- Robin E. Shea of Constangy, Brooks & Smith, LLP and writing for JD Supra Business Advisor has some excellent New Year’s resolutions for the business owner. At the top of her list in 15 for ’15: Employment And Labor Resolutions For The New Year is to make sure your “independent contractors” are really independent. Government oversight in this area continues to grow and the penalties for those who offend can be significant.
- The only constant about small business trends is change. Barry Moltz, writing for Small Business Trends, highlights a few in Will You be Taking Part in These Future Small Business Trends? A trend that we see here at Genesis and with many of our clients is the use of remote resources. Moltz writes: “While it can be comforting for small business owners to look out from their office and see their team, this version of the company is a thing of the past. Instead, all managers need to get comfortable with leading and building a team culture with remote resources that they do not see every day.” I agree, and feel that this is a trend that will continue to expand.
- Lastly, new income brackets, an expansion of capital gains and the annual increase of payroll taxes are just some of the tax changes small business owners should be aware of as the new year begins. Mike Periu, president of Proximo, LLC and writing for American Express Open Forum gives a quick summary of the changes lawmakers gave us in 2014. Read What You Must Know About Small-Business Taxes for 2015 to learn more. For something more detailed, download our e-book Small Business Guide to Year-End.
If you have questions or would like to learn more, please reach out to Genesis HR Solutions at AskUs@genesishrsolutions.com or 800-367-8367.
Genesis HR Solutions is the premier PEO provider for Massachusetts based businesses.