By John Egan The U.S. trucking industry is barreling down the road toward an alarming shortage of drivers. In an October 2022 report, the American Trucking Associations (ATA) estimated the industry was weighed down by a shortage of 78,000 drivers. That’s an improvement from the shortage of more than 81,000 in 2021, but it’s...
Keep personal and business finances separate to avoid confusion and ensure accurate reporting. This means having separate bank accounts and credit cards for business expenses. Too many times the small business owner co-mingles their accounts, which leads to poor accuracy of financial reporting. This can even cause issues when it comes to taxes.
Changing the culture of a company can be a complex and long-term process, but it is achievable with a well-thought-out strategy and commitment from leadership and employees. Here are some steps you can take to begin changing the culture in your company: Define the Desired Culture: Start by clearly defining the culture you want to...
A chart of accounts is used to categorize income and expenses and makes it easier to track financial activity. This will also help with tax preparation and reporting. You wanna make sure you think through the development so that you have a clear and concise listing. I’ve seen too many cases where not enough thought...
By Kathryn Mayer Amazon has rolled out a slew of new benefits for its employees, including an emergency savings fund, a mental health app and financial counseling, as wellness challenges mount for workers. The new benefits come as employers navigate a precarious time: Companies are seeing massive dips in employee well-being, while at the...
You want to regularly reconcile bank and credit card accounts to ensure that all transactions have been recorded accurately and to catch any errors or discrepancies. With so much fraud going on these days, reconciliations are a way to catch them before it’s too late to recover. Having accurate books that are reconciled enables you...
While many businesses do just that, I recommend the use of accounting software in the long run. It saves you time and provides a check and balance system. No need to understand debits and credits. The software does it for you. What’s the best software? Well, it depends upon your needs, but most small businesses...
Handling employee rebellion, which typically refers to a situation where a group of employees openly rebels against the authority or policies of the organization, can be challenging. Here are some general steps to consider when facing such a situation: Assess the Situation: Gather all relevant information to understand the reasons behind the employee mutiny. Listen...
By Matt Gonzales Maintaining a healthy work/life balance is a challenge for many employees. But for Kay Lee Mynatt, it’s a necessity. She is the mother of two children. Her youngest son, Spencer, 1, has Down syndrome. Mynatt takes Spencer to multiple therapy sessions per week—physical, occupational and speech—to boost his motor skills, strengthen his...
Copyright by People First INC. All rights reserved. 2022
2022 Copyright by People First Inc. All rights reserved.
