Small Business Owners Have Decisions to Make in Light of New Overtime Regulations

Small Business Owners Have Decisions to Make in Light of New Overtime Regulations

On May 18, the Department of Labor released its final rule doubling the minimum salary needed to qualify for overtime exemption from $23,660 to $47,467. The new regulations take effect December 1, 2016. Small business owners need to have a plan in place to address those employees that will become eligible for overtime come December 1.

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15 Financial Terms Every Business Needs to Know

Entrepreneurs go into business with a variety of built-in skills. Some are natural salespeople, while others have the ability to come up with ideas that sell themselves. But while there may be a handful of entrepreneurs who are truly financially savvy, the majority cringe at the thought of preparing financial statements and managing their books. Wherever you may fall, there are some basic financial terms every entrepreneur should know as their business grows. These terms may come up in meetings with potential investors, partners and clients, so it’s important to be aware of them and to understand how they might affect your business.

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EMV Compliant? The Way Consumers Pay is Changing

In an effort to reduce credit card fraud, the standard for payment cards is moving from the magnetic stripe to EMV chip technology. To protect your business from liability and enable a safer checkout experience, it is important to take the proper steps to ensure you comply with EMV standards at the point of sale.

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