Archive for the ‘Business Savvy’ Category

Non-compete agreements are prevalent. The trend has been for employers to require everyone (lawn care workers, interns, summer camp workers, etc.), regardless of skill, to sign non-competes. This trend is poised to change. Recently, a journalist challenged the validity of her New York non-compete agreement when her former employer (Lexis Nexis d/b/a Law360) informed her […]

According to the National Federation of Independent Business (NFIB), 63% of small businesses were affected this year by the rise in insurance premiums, and 52% of those businesses suffered financial loss.  33% raised their prices to help cover the costs associated with the rise in premiums.  Small business owners can expect to pay even more […]

During the holiday season, you may find that you need extra help in operating your business.  In this case, many businesses employ seasonal workers for a limited duration of only a few weeks.  Both employers benefit by having the extra hands available during a busy time, and employees benefit from being able to make extra […]

Making the decision to fire an employee can often be a difficult one.  Additionally, many employers worry about the possibility of litigation arising from such an action.  However, there are many instances in which firing an employee may be necessary for the company.  For example, if an employee is not performing their duties in a […]

As of October 1, 2015, credit card companies will be shifting liability for fraudulent transactions to merchants. Credit card companies are issuing new cards called EMV (Europay, Mastercard, and Visa) that will include a microchip to authenticate chip-card transactions and lessen the likelihood of fraud. For small businesses, this means a technology upgrade in credit/debit […]

Recently, the New York State Office of the Attorney General announced the felony conviction of an upstate New York retail shop owner on tax fraud counts. The investigation found that for seven years, the businessman underreported income by $632,383.20 on his personal income tax returns for two retail stores he owned. He ultimately owed back […]

If you own a business that employs several or more people, chances are you have to be concerned with how best to deal with scheduling. Ten percent of the American workforce is subjected to on-call scheduling practices. Recently, the New York State Attorney General conducted an inquiry regarding the scheduling practices of thirteen major retailers […]

If you are running a small business, employing interns for extra help may seem like a win-win situation. College students can gain valuable real world experience, and employers can have a few extra hands around at little or no cost. As competition in the job market increases, many young adults look to internships as a […]

Many small business owners are concerned with how raising the minimum wage will affect their business. For many small businesses, employee wages are a large percentage of expenses. Recently, there has been much coverage in the media concerning the “fight for fifteen,“ a movement in New York and California to raise the minimum wage to […]

Antitrust laws were designed to help promote the free trade of the American economy.  The Sherman Antitrust Act was created in 1890 to prevent businesses or individuals from monopolizing or conspiring to monopolize an industry.  Subsequently, the Federal Trade Commission Act and the Clayton Act were both passed to further the goals of the Sherman […]

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