On April 23, 2024, the Department of Labor announced its new overtime rule, “Defining and Delimiting the Exemptions for Executive, Administrative, Professional, Outside Sales, and Computer Employees.” Effective July 1, 2024, an executive, professional, or administrative employee must receive a salary equivalent to $43,888 per year in order to be classified as exempt. This income […]
Help Wanted
It’s a challenging time to be an employer. It’s a challenging time to be an employer. That’s not a typo. That’s me anticipating all of you who just thought, ”You can say that again.” Here are some tips for small business owners who are facing these challenges:
Why I am in a band?
Clearly, it is unusual for a 66-year-old CPA to play drums in a bar band. Along with my friend and bass player, Jeff Strout, I have held down the rhythm section for the Bourbon Brothers band for eight years. Although disclosing this fact is a great icebreaker at parties, and even when meeting new clients, […]
Burke & Schindler, PLL merges with Richmond, Indiana CPA Firm
Cincinnati July 1, 2022 – Burke & Schindler, PLL a Cincinnati-based regional CPA firm, founded in 1984 and provider of tax, accounting, business advisory, HR and Staffing, and Wealth Management services, has merged with the Richmond, Indiana CPA firm of Gillam & Zetzl. Gillam & Zetzl (“G&Z”) was formed in 2001 as a result of […]
It’s Raining Great People – Is your Business Holding an Umbrella or a Funnel?
There’s a war for talent going on out there. Are you collecting the spoils of the war, or are you taking casualties? Today, in February of 2022, there are 11 million open jobs in the US. That’s two open jobs for every worker available to hire. And that’s why your job openings are taking longer […]
Characteristics of Bonus Incentive Plans
To retain key employees, the best business owners install Employee Incentive Plans that motivate them to stay. Here are the four keys to success.
Employee Incentive Plan and Bonuses: What’s the Point?
The purpose of installing an employee incentive plan bonus plan is to motivate them to help you pursue your goals, create value, and grow your business.
It’s time to retire the annual performance review
There are many reasons the annual performance review is a ridiculous remnant of 1940’s management philosophy. Here’s how to manage your managers better.
Fraud: Do You Know It When You See It?
The subject of employee fraud is a delicate one. Vigilance requires an investment of time and money in return for an uncertain payoff.
Either You Have It, or You Don’t
Business owners planning for a successful future should always begin by identifying and understanding their primary objectives for themselves, their families, their ownership and their businesses.