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Business owner beware: FLSA compliance and personal liability

Insperity

In fact, when considering lawsuits about back wages, the federal government has the authority to deem a business owner an “employer” if certain criteria are present under the Fair Labor Standards Act (FLSA). Control or maintenance of employment records. Authority to hire and fire employees. Staying compliant.

Legal 187
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Should You Consider a Reverse Mortgage?

Success

Prior to legislative changes that began under the Reagan administration , banks had many avenues to take the equity in a home, Walton says. government, are available through Federal Housing Administration-approved lenders, which provides both legitimacy and security for these mortgages. They took everything.

Banking 52
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Chance to retrofit offices is going begging, report claims

Workplace Insight

Firstly, through missing the “easy wins” –low cost, low disruption measures that reduce energy consumption – and secondly, through missing key “trigger points” in lease and maintenance cycles that facilitate easier, more efficient retrofit.

Reporting 111
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How to Choose an Employer-Sponsored Retirement Plan

Insperity

Some small businesses find that it’s helpful to contact a financial institution such as a bank or insurance company to assist in establishing and managing the plan. Although some of these services come with a fee, it’s typically a good idea unless you have strong expertise in the areas of finance and government regulation. .

Planning 100
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What to do if you run out of money in retirement

Work Life

Reverse mortgage rules A reverse mortgage works exactly the way it sounds: Instead of you paying the bank a mortgage payment every month, the lender sends you a monthly payment that you can use for whatever you need. You must stay up-to-date on property taxes and home maintenance. state governments.

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The four day week and a case of less is more

Workplace Insight

100 percent pay, 80 percent time provided by staff and the maintenance of 100 percent of normal, that is, five-day productivity.” What the four day week is not is a form of condensed working. Explained Barnes: “It’s the 100/80/100 rule. As one of his members of staff commented: “It’s about choice.

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SUCCESS’ 2024 Women of Influence

Success

Davenport is a member of the Forbes Business Council , and under her leadership, CASBO was named the winner of a Bronze Stevie® Award in the Organization of the Year for a nonprofit or government organization in the 20th Annual International Business Awards®. She is also a Ph.D.