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Benefits of outsourcing HR for small businesses

BMT Office Administration

HR administration is an essential component of running a small business, but it’s often one of the most challenging to manage in the early stages of small business or start-up operations. Explore the benefits of HR outsourcing below to find out if outsourcing human resources is right for your small business.

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How to Spot Employee Theft and What You Can Do About It

Insperity

Actions can vary from updating your employee handbook to employee termination and legal intervention. One of the biggest mistakes small business owners make is putting one person in charge of the finances. Alert law enforcement if legal action is required. Many times theft can occur out of opportunity.

Supplies 179
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Can employee ownership improve capitalism?

Work Life

Consequently, retiring business owners looking to sell their business to their employees often find accessing needed financial, legal and other supports to be challenging. Indeed, many retiring business owners will not even consider this option, as none of their advisors are likely to mention it.

Finance 98
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Can AI improve one of the most expensive (and boring) parts of work?

Work Life

Today, Gusto , a payroll and HR software platform for small businesses, rolled out a new AI “assistant” named “Gus” that promises to simplify compliance and save companies from crushing fines. But for now, think of AI as a way to help early small business owners. businesses spends between 1.3%

Payroll 98
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10 New Business Books to Add to Your Summer Reading List

Success

There are a variety of exciting titles coming out this summer for small-business leaders and entrepreneurs. Legal Guide for Starting & Running a Small Business (18th ed.) Here are some of the most promising new releases: 1. Spreng and Patricia M.

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2021 tax deduction checklist: 10 expenses small business owners can write off

Ruby

Although it may sound like a ton of paperwork (which, to be clear, it is), this time of year also presents tons of savings opportunities for small businesses like yours. With January in the bag, most small business owners have sent out tax forms to their employees and independent contractors. Or upgrade your equipment.

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How Do You Survive When Your Business Isn’t Profitable at the Start?

Success

If you left a high-paying job to start a business of your own, you deserve credit for your boldness and willingness to follow your dreams. But you also need to be prepared for your finances to change dramatically. Estimates suggest that most small business owners make an average of $40,000 a year in their first five years in business.

Finance 111