Business News for November 2015

IRS Announces 2016 Pension Plan & Retirement Item Limitations In October, the Internal Revenue Service announced cost‑of‑living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2016.  While the pension plan limitations generally remained unchanged, certain other limitations will change due to an increase in the cost-of-living index. Limitations that…

Business News for August 2015

Proposal to Expand Eligibility for Overtime Pay May Add to Number of Low-Paid Workers Under a proposal by the Obama administration, salaried employees earning less that $50,400 annually would be eligible for time and a half pay when they work more than 40 hours a week.  However, some experts predict that the current proposal to…

Business News for May 2015

IPO Stocks May Not Be Worth Their Hype Many people are interested in whether they should invest in an Initial Public Offering (IPO), which are the first shares offered by a new publicly traded company.  IPOs often draw a lot of media attention relative to companies that obtained fame prior to their status as a…

Business News for November 2014

Independent Health Becomes More User Friendly Offering a health care plan that is user friendly and promotes the health and well being of its members may benefit small businesses.  Independent Health has made an effort to become more user friendly in order to benefit employees and employers.  They offer a full range of plan options…

Business News for August 2014

Government Grants are Worth Exploring When Considering the Expansion of Your Business Applying for government grant funds is probably not the first course of action small business owners consider when looking for capital to upgrade equipment or expand their business. However, there are a variety of programs in New York State intended for just that…

Business News for May 2014

President Obama Issues Executive Orders to Curb “Pay Secrecy Policies” At the Workplace “Pay Secrecy” refers to workplace policies that prohibit employees from discussing how much money they make.  A survey of private-sector employers from 2001 found that more than one-third of companies had specific policies that banned workers from discussing their compensation with their…

Business News for November 2013

The Government Shutdown has Lasting Effects on the Bottom Line for Many U.S. Companies Although the federal government shutdown is behind us, many companies are still feeling its impact by way of a decrease in expected earnings for the year. This may have been foreseeable for some companies, but other businesses are reeling from the…

Business News for May 2013

Earning More But Spending Less: Consumerism Tightens as the Economy Grows The stock market has reached historically high levels, unemployment rates are at an all-time low, and educational achievements and job approval are skyrocketing.  Despite the most successful sustained growth in the economy since the 2008 recession, consumers remain resistant to reinvestment in the retail…