Imposing Restraints on Top Employees

How a 15 works How can you stop one of the rising stars in your company from leaving for greener pastures? While you cannot permanently block a move, one technique employers often rely on is to use a noncompete agreement. Essentially, the employee may be barred from revealing trade secrets or pilfering clients for a
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Pressing Needs for Corporate Minutes

Protection for your company Naturally, it takes some time to record corporate minutes in a business setting. But it is usually time well spent. Plus, it is now easier to have minutes prepared than it was years ago, due to improvements in computer software. Significantly, corporate minutes can serve as the proof you need in
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Seven Ways to Delegate Work

Increase the chances of success If you have owned a small business for several years, you have probably come to the realization—finally—that you cannot do all the work yourself all the time. That means delegating some of the tasks, especially those time-consuming jobs that are not top priority, to others in your employ. But this
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Cash In on the Unique NUA Tax Break

Benefits of company stock in retirement plans One significant tax reform target remains on the books. It is a unique tax break available to employees, including business owners, who own company stock in their retirement plan. If you handle things right, you can avoid paying tax on the appreciation in the stock’s value, called the
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How to Be a Better Business Leader

Exhibit more of these important traits Are you an effective business leader? Do not automatically answer “yes” without thinking it through. After you take a closer look and apply high standards, you may find room for improvement. Here are several ways to polish your performance: Become more organized. Dis­organization often leads to chaos in the office.
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9 Best Ways to Start a Business Budget to Spur and Guide Growth

Building a business is a process that requires careful attention to many individual points, all with the goal of increasing customers, improving products, and building profit. There are many elements that contribute to the ability of a company to grow. One key area to focus on is the budget. From the foundation of the business,
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2018 Standard Mileage Rates Announced

As it does every year, the Internal Revenue Service recently announced the inflation- adjusted 2018 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable or medical purposes. Beginning on Jan. 1, 2018, the standard mileage rates for the use of a car (or a van, pickup or
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February 2018 Business Due Dates

February 12 – Non-Payroll Taxes File Form 945 to report income tax withheld for 2017 on all non-payroll items. This due date applies only if you deposited the tax for the year in full and on time. February 12 – Social Security, Medicare and Withheld Income Tax File Form 941 for the fourth quarter of
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Caution: Someone Is Watching You Online

How to discourage information tracking It can certainly feel like “Big Brother” is watching us with the way our online activities are being tracked. Typically, the information is being gathered for legitimate marketing means, but that will not necessarily make you feel any better. What’s more, tracking increases your exposure to potential identity theft. You
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Five Ideas for a 2018 Business Plan

Practical suggestions for the year It is 2018 … do you know where your business plan for this year is? Developing a business plan for the upcoming year is a laborious task, but it is often critical to the continued success of the operation. Although the details will vary from company to company, the best
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