Most small business owners have significant knowledge about the products or services they sell and the industry they’re in. However, not all small business owners have a formal business education. Even those that do may find that they have some gaps in their knowledge. That’s where our business education services could be an invaluable resource.
Our team is full of highly-educated and experienced business experts. We can help educate and guide you in various business aspects to help you make the most informed decisions possible. The following are just a few areas where we can help you:
There are countless regulations, both on federal and state levels, that you must abide by. Falling out of compliance can result in harsh fines that most small businesses can ill afford to pay. Of course, you need to be aware of what these regulations are to remain compliant with them. These regulations include tax, labor, advertising, environmental, licensing, and privacy regulations, to name a few. Our team is well versed in both federal and California state regulations, which means that we can help you achieve a compliant avoid business compliance issues obtain and remain compliant.
Tracking expenses is crucial to calculating your cash flow and performing a break-even analysis. It’s also vital for tax purposes. You’ll want to save as much money as possible on state and federal taxes. Our team of tax specialists can track your expenses and make sure that you’re taking every deduction you’re entitled to when it comes time to submit your tax return. We can also make sure you don’t take any deductions you’re not entitled to so you can avoid potential fines.
Employee classification is based on the hours worked and how long they are expected to work. The primary classifications include part-time, full-time, and temporary. However, you must classify your employees correctly since it affects how you pay them. For instance, both state and federal laws require that you pay hourly workers overtime if they work more than a specific number of hours in a day or week. These laws do not apply to full-time employees. Not only can we make sure that you’re fully informed about employee classification, but we can also help ensure that you’re compliant with federal and California labor laws.
The more efficient your business operations are, the more likely you are to grow. Increased efficiency can help save money and time — and one of the most effective ways to boost efficiency is by implementing automation solutions. For instance, using automation tools for something as simple as scheduling and sending out an email newsletter can save time and energy focused on more pressing tasks. We can help identify and implement automation solutions that will improve your company’s efficiency.
A lackluster retirement and benefits package can harm your ability to attract talented employees. You may even lose valuable employees to your competition as a result. We can help you choose a retirement and benefits package that suits your company’s needs and your employees. There are all kinds of retirement plans and benefits packages available, and we will work closely with you to explain your options.
Comprehensive business education can improve your decision-making and avoid potential pitfalls as you adopt a business strategy. However, we understand that not every business owner has had the privilege of formal business education. We provide the expertise you require to fill any gaps you might have in your business knowledge. Not only is our team of business specialists experienced and knowledgeable, but we also emphasize continuing education to ensure that we stay up-to-date with all the latest business practices.