Be aware of tax requirements for your business and stay up to date on changes in tax laws. This will help you avoid penalties and ensure that you’re properly reporting income and expenses.
By Dave Zielinski A core requirement in a recently enacted New York City law governing the use of artificial intelligence in employment decisions promises to impact how HR leaders choose, contract with and oversee technology vendors for years to come. The law, which took effect July 5, requires employers in New York City to conduct...
By Leah Shepherd Extreme heat waves this year have intensified pressure on U.S. regulators to finalize a national standard for heat illness prevention in the workplace. In 2021, the U.S. Occupational Safety and Health Administration (OSHA) released a proposed rule on workplace heat standards, but a final rule hasn’t come out yet. In the meantime,...
You want to keep your receipts organized. The best way is to keep receipts organized by date and category and consider using a digital system to store them and manage them. This will make it easier to track expenses and prepare for tax season. Accounting software allows you to upload receipts under each transaction, saving...
Track expenses consistently. Make it a habit to track expenses as they occur rather than waiting until the end of the month or year. This will help you stay on top of your finances and avoid missing any deductions. Don’t count on your memory a year later to record an expense.
Employee engagement surveys can be effective tools for gathering feedback and insights from employees, provided they are well-designed, properly implemented, and followed up with appropriate action. Here are some key factors to consider regarding the effectiveness of employee engagement surveys: Feedback and Insight: Employee engagement surveys can provide valuable feedback and insights into employees’...
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...
Copyright by People First INC. All rights reserved. 2022
2022 Copyright by People First Inc. All rights reserved.
