How the latest health care reform changes will affect businesses
The Treasury Department made it a little easier for companies to comply with the Affordable Care Act (ACA) by delaying the employer mandate to provide health insurance for companies with 50 to 99 employees. Those businesses will have until January 2016 before facing potential penalties, while companies with 100 or more full-time equivalent (FTE) employees […]
How managed service providers monitor, manage computer networks
Managed services are increasing in popularity, as more companies outsource their computer network management. “A structured managed services program provides the benefit of reducing your IT costs and risks of hardware failure while standardizing IT management through streamlined efficiency, often all at lower costs than the company could manage by doing it in-house,” says Eric […]
How to determine the limits of liability for your organization
Figuring out how much liability coverage to buy isn’t easy, but it’s very important. General liability covers an entity for bodily injury, property damage, personal and advertising injury, and medical payments to a third party because of negligence of the insured. So, adequately selecting the appropriate limits provides defense costs and indemnification to that third […]
How to claim up to a $125,000 deduction when filing Ohio state income taxes
The Small Business Investor Tax Deduction, new this tax season, allows individuals to save thousands of dollars in taxes on business income — if their tax preparer knows it’s available. “Your CPA can help you with this deduction, but they may need to do some research since it’s new. The software used by many tax […]
How to be ready for health plan audits when the government comes calling
With the ongoing implementation of health care reform, many employer groups have missed the obligations set forth in the Employee Retirement Income Security Act of 1974 (ERISA). “The federal government has started systematic audits of group health plans, primarily for compliance with health care reform. They will also include compliance for ERISA. A key provision […]
How to deal with alcohol and drug abuse in the workplace
Abuse of alcohol and drugs in the workplace is a reality that employers cannot afford to overlook. According to a 2008 study by the Substance Abuse and Mental Health Services Administration, more than 70 percent of the admitted drug and alcohol abusers in the country are employed, and a majority of those are full-time employees. […]
How to address legal issues when looking to do work in Europe
Companies looking to expand overseas may experience a different business culture and need to be aware of the legal issues they may face. “It’s important to prepare beforehand and ensure you’re complying with all of the different EU and German laws that come into play,” says German native Katja Garvey, an associate at Kegler, Brown, […]
Strategic execution is the secret sauce of success
If I were to identify one book pivotal to my company’s success, it would be “Execution” by Larry Bossidy and Ram Charan. Simply put, it shows how to get the job done and deliver results … whether you are running a company or in your first management job — plus, it is chock full of […]
How to protect your interests when selling a business
Every day, small business owners make mistakes by failing to disclose issues when selling their businesses, risking potential legal entanglements. “Selling a business is not unlike selling a house. In California, there is a duty to disclose. Although a broker representing the buyer or seller has fiduciary obligations, by law, the onus of disclosure falls […]
Paul Witkay: Five steps you can take to instill clarity and courage
I’ve read hundreds of great quotes from amazing leaders describing “leadership.” One of the simplest comes from Fuchan Yuan, who identified three essentials: “humility, clarity and courage.” Humility seems to be a character trait that people either have or don’t. Although many people perceive CEOs to have large egos, great leaders know that leadership is […]