How to Give Feedback to Employees

Ways to improve business management If you do not tell your employees what they are doing wrong, they might not get it right. But providing feedback to employees is not as simple as stating some obvious “do’s” and “don’ts.” If done properly, it can be motivating and inspiring. However, if done improperly, it can result
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Five Steps to Close the Leadership Gap

Developing and refining workplace skills A perceived lack of leadership within firms of all sizes is a recurring theme in business journals and other literature. But how can you help close the “leadership gap” at your company? There are no guarantees, but these five suggestions could aid your efforts. 1. Focus on the specifics. It
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Coping with New Social Security Changes

New law eliminates two strategies A new law passed late in 2015—the Bipartisan Budget Act—effectively closes down two popular Social Security strategies for retirees. However, proper planning may still maximize your benefits in retirement. Basic rules: When you retire and apply for Social Security benefits, the monthly benefit is based on your personal work history
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Do’s and Don’ts for Small-business Owners

Strategies in good times and bad Despite its success, a profitable small business can expect times when sales slow down, level off or even decline. Instead of waiting for the inevitable, here are some “do’s” and “don’ts” to help. DON’T think you have it made forever just because your business has been prospering. All you
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How to Get Ready for Tax Filing

Seven steps of preparation Now that the holidays are over, another event that is looming on the horizon may not be a cause for celebration: filing your tax return. Nevertheless, you can relieve some of the stress by having your return professionally prepared. There still is a little “work” required on your part, but it
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Per Diem Rates

The government recently released per diem rates for business travel in fiscal year 2016 (FY2016). Private employers may also use these rates. For FY2016, the rate for specified high-cost areas is $275 (up $16 from 2015), composed of $207 for lodging and $68 for meals and incidental expenses (M&IE). The rate for low-cost areas is
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Seven Ways to Thwart a Data Breach

Recent high-profile data breaches, including those involving Anthem and Target, are cause for concern. Virtually every company, regardless of its size, is exposed to the potential dangers. The loss or theft of private information not only is expensive but also might harm business relationships and cause legal complications. In the worst case, the business could
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