The Perils of A Looming Shutdown

Screen Shot 2015-09-30 at 4.33.34 PMGeoff Orazem at The Hill has put into words the thoughts that many small businesses have regarding the threat of a government shutdown:

Working with the government has always meant slim margins, delayed payment, and possible jail time if you make a mistake during the complex sales process. But it also meant a long term, stable revenue stream with a trustworthy client and that predictability encouraged many small businesses to focus on government, which in turn enabled them to grow develop innovative products for both the public and private sector.

However a government shutdown breaks that trust and predictable revenue stream, leading to lay-offs, delayed research and development, or even bankruptcy.

Emphasis ours.  Read more at The Hill.

Ask for Help

Three in four owners said they should have consulted an expert early on. The areas of consultation small-business owners particularly needed help with were tax and legal support, as well as marketing and promotion. Nearly one in five respondents said they lacked the tax and legal expertise they needed to effectively run their businesses. About 37% of respondents said although they were planning a marketing strategy, they wished they had consulted a marketing expert.

Data from a 2014 poll discussed at NerdWallet.

Making a Good Impression in an Interview

Contractor vs. Employee?

News on DOL clarifications can be found here.

One takeaway:

As a result of this new guidance, employers will likely find it increasingly difficult to defend independent contractor classifications. Importantly, this guidance does not have the force of law, but it is intended to advise the public of how the DOL interprets its own statutes, and courts will consider this interpretation in future litigation. As a consequence, employers should observe the new DOL guidelines to prevent future liability with respect to misclassification.