April 23, 2024 the Federal Trade Commission issued a final rule to promote competition by banning noncompetes nationwide, protecting the fundamental freedom of workers to change jobs, increasing innovation, and fostering new business formation. “Noncompete clauses keep wages low, suppress new ideas, and rob the American economy of dynamism, including from the more than 8,500 […]
Blog
Strategies to Help Your Business Stay in Regulatory Compliance
Regulatory compliance is essential to running a successful and sustainable business or staffing agency. As the staffing crisis continues, many recruiting agencies find themselves struggling to manage compliance with state and federal requirements. Why Regulatory Compliance Is Important Some companies choose to prioritize other areas of their business, such as revenue generation or marketing, over […]
Regulate Your Use of Noncompete Agreements before the FTC does it for you
Boston Beer Co., the brewer of Sam Adams and other craft beverages, is taking heat for its overuse of noncompete agreements. In a recent article, the Boston Globe cites examples of several former lower-level Boston Beer employees forced out of the industry they love because of the noncompete agreements their former employer forced them to […]
Business valuation can be important, the key factors that affect business valuations, and how to best estimate valuations.
Knowing the true market value of your business can be useful for many reasons, not just for selling it or raising investment. Putting a price on the company may be the first time a business owner – especially one with a small, entrepreneurial, founder-based, or family-owned business – comes to fully understand how outsiders view […]
How to take the home office deduction without triggering an audit We are less than a month away from the April 15 tax deadline.
As of March 15, the IRS had processed nearly 71 million returns, with the average refund hovering near $3,100. The home office deduction is not allowed currently for expenses related to being a W-2 employee. [It’s] allowed only for self-employed individuals. One key requirement for the deduction is that a portion of the home needs […]