Here are this week’s links to a few good stories that we found and selected. We feel they might add valuable insights and perspectives for small to midsize businesses.
We recently pointed out the implications of the impending implementation of the “Cadillac Tax” and the concerns raised by many in Congress, the health care sector, and the small business community. On December 18, 2015, in a vote by Congress to approve an omnibus spending package (65-33 in the Senate and 316-113 in the House), a provision to extend the start date of the Cadillac Tax from January 1, 2018, to January 1, 2020, was also approved. Furthermore, once the tax is implemented, it will be tax deductible, which is a provision that was not allowed in the original legislation. President Obama signed the bill.
A major component of the PEO service offering is to allow the small business owner better leverage when competing with larger companies for talented workers. David Hayes, president and founder of HireMinds, speaks to the many ways a small business owner can enhance the value proposition for potential new hires in his article, How To Compete With Big Companies & Attract Better Candidates.
“Choose a job you love, and you will never have to work a day in your life.” Confucius is credited with the saying, and it’s the message Natalie Young delivers in her article, 5 Simple Steps to Build a Business (and Life) You Love. She writes: “For small business owners, success is measured by more than just money. Put relationships first—and remember your wins—to stay passionate and proud about your company.” This is great advice indeed.