March 20, 2012, 3:46 pm
Employers may unintentionally violate employment laws and never realize the risk they create for the company. Trying to provide some flexibility for an employee, saving money for the company, or just being nice are all ways that an act of kindness can become a business liability.
CalChamber’s “The Top 10 Things Employers Do to Get Sued” white paper details some of the mistakes that could lead to employee lawsuits. Topics include:
- Exempt and nonexempt employee classification
- Meal breaks
- Independent contractor status
- Harassment and discrimination
- Hours of work
- Termination
- Leaves of Absence
- Final paycheck
- Deductions from wages
- Vacation policy
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March 20, 2012, 9:52 am
The 2010 law governing gift and estate taxes is set to expire at the end of this year. For 2013, assuming Congress does not act, the lifetime limits on gift tax will fall from $5.12 million to $1 million. That means an individual can gift, over his lifetime, no more than $1 million tax-free starting in 2013. The top gift tax rate on amounts of more than that $1 million threshold is also scheduled to rise from 35 percent to 55 percent starting next year.
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March 15, 2012, 10:24 pm
Optimism amongst small U.S. businesses rose to its highest level in more than four years in February, data released Tuesday showed, yet business owners remain concerned about future prospects.
The National Federation of Independent Business‘s small-business optimism index rose 0.4 point to 94.3 from 93.9 in January. The February figure was its sixth consecutive monthly increase and its strongest level since December 2007.
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February 13, 2012, 7:01 pm
U.S. small businesses that initially rushed to Chinese factories to get their products made are now dumping them for American manufacturers.
And the shift is gaining traction, said industry experts who match U.S. small companies with domestic firms.
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February 6, 2012, 1:49 pm
It’s not unusual for America’s wealthiest individuals to invest through angel groups or sit on boards at venture capital firms. But these days the superrich also want to own and operate small companies where their deep pockets and powerful networks can create growth, says Mindy Rosenthal, executive director of the Institute for Private Investors in New York
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