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Day: October 1, 2020

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  • It is legal to hire family members, but you should be aware of the special tax requirements for this situation.
  • The benefits of working with family include more trust and a sense of dedication to a shared goal, while the downsides are potential damage to the relationship and abuse of power.
  • To successfully work with family, you must establish clear expectations and boundaries right from the start.
  • This article is for small business owners considering hiring and working with their own family members.

Working with your family members can be a wonderful way to grow closer and benefit your business – or it can be a frustrating and problematic situation. If you’re considering hiring family members, know that it will take a lot of preparation, dedication and communication to make it work. Before deciding whether to hire a family member, you should

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If you believe ideas matter, President Donald Trump clearly won the debate on Tuesday night. The president defended his record and, for the most part, made strong arguments for his ideas. 

Having said that, it is hard to tell if the performance changed any minds during the debate. Data shows that undecided voters were turned off by both candidates. Frank Luntz described their mood about the debate, saying “my undecideds looked at that and said, how do you expect me to make up my mind if you behave like this?” They were more concerned about the style than the substance of the debate.

Strategically, Mr. Trump was right to occasionally interrupt former Vice President Joe Biden when he was saying things that were incorrect. The president clearly dominated the stage. Ironically, it reminded me of the 2010 vice presidential debate where then-Vice President Biden consistently spoke over then-Congressman Paul

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The number of new Michigan residents filing for jobless benefits remained at elevated levels last week, a sign that the state’s economic recovery has slowed.

New claims in Michigan increased slightly to 18,040 in the week ending Sept. 26, up from 17,402 the previous week, the U.S. Department of Labor reported Thursday. Last year at this time, there were 7,400 new unemployment claims in the state.

Nationally, new unemployment claims dropped to 837,000 last week, down from 873,000 the week prior on a seasonally adjusted basis.

In Michigan, it’s a troubling sign heading into October, with major airlines such as American and United warning employees that there will be mass furloughs and layoffs as federal aid expires.

Business graph unemployment and inflation in newspapers (Photo: JLGutierrez, Getty Images)

In Michigan, new unemployment claims are much lower than when they peaked in early April at nearly 400,000. They’ve steadily declined

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(Bloomberg) — The largest share of U.S. small businesses since the end of 2018 say they plan to add workers in coming months, indicating demand is improving enough to take on new hires despite challenging labor-market conditions.

The National Federation of Independent Business said Thursday that a net 23% of small firms in September were planning to create new jobs, up 2 percentage points from the prior month and the fifth straight increase. At the same time 36%, the most since February, said they had open positions they were not able to immediately fill.

chart: U.S. small-business hiring plans highest since end of 2018; openings also up

© Bloomberg
U.S. small-business hiring plans highest since end of 2018; openings also up

“Covid-19 restrictions and regulations put on small businesses vary by state, but we are starting to see a jobs recovery as small businesses continue to increase business operations,” William Dunkelberg, chief economist at the NFIB, said in a statement.

The survey points

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PALO ALTO, Calif., Oct. 1, 2020 /PRNewswire/ — Senior Care Authority, a national leader in eldercare consulting and senior placement has launched a dynamic new website with extensive information for consumers, corporations, as well as for prospective franchise owners.

Senior Care Authority excels at providing timely and needed information through trusted local advisors who compassionately assist with their expertise in care transitions, decision-making, and advocacy.

Families will find enhanced resources on the new site, including the opportunity to work with advisors who are experienced with eldercare—someone outside of the emotional landscape of the family who conducts research on appropriate placements, talks to providers, organizes paperwork, helps families come to consensus, and knows how to access special programs/resources.

Those interested in exploring the possibility of becoming a Senior Care Authority business owner will find valuable content as well. Videos by current franchise owners lay out a roadmap for future owners

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(RTTNews) – Despite paring a substantial portion of its early gains, the Switzerland stock market ended moderately higher on Thursday.

Stocks moved higher as investors reacted positively to the latest batch of economic data, and on optimism about a potential coronavirus relief package in the U.S.

Worries about the spread of the coronavirus virus continued to weigh, limiting market’s uptick..

The benchmark SMI ended with a gain of 51.12 points or 0.5% at 10,238.12, well off the day’s high of 10,312.37. The index touched a low of 10,209.99 in late afternoon trades.

Givaudan, Sika, Lonza Group and Swatch Group gained 1.3 to 1.7%. Alcon ended 1.1% up, while Richemont, Nestle, ABB, Novartis and Swisscom gained 0.5 to 0.75%.

Bank stocks Credit Suisse and UBS Group declined 0.9% and 0.3%, respectively.

Among midcap stocks, AMS moved up 2.5%, extending recent gains. Kuehne & Nagel and Helvetia gained 2% and 1.8%, respectively.

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SEATTLE (AP) — Boeing said Thursday it will shut down the original assembly line for its two-aisle 787 jetliner near Seattle and consolidate the plane’s production in South Carolina as the airline industry tries to weather the global pandemic.

The move will begin in mid-2021. The company intends to keep assembling other jetliners — the 737, 747, 767 and 777 — in the Seattle area.

“Consolidating to a single 787 production location in South Carolina will make us more competitive and efficient, better positioning Boeing to weather these challenging times and win new business,” Stan Deal, CEO of Boeing’s commercial aircraft business, told workers in an email.

The company did not immediately say whether jobs would be eliminated in the move, but Rep. J.T. Wilcox, the Republican leader of the state House of Representatives, posted on Facebook following a call with the company that the decision would affect about 900

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A Division Bench of the Calcutta High Court on Thursday declined an ad interim stay on the Single Bench order of the same court directing the removal of Harsh Vardhan Lodha from all the positions within the MP Birla Group of companies during the pendency of the suit involving the contested will of the late Priyamvada Birla.

However, the Division Bench, of Chief Justice Thottathil B Radhakrishnan and Justice Shampa Sarkar, has clarified that there is a restriction on Harsh Lodha from holding any office in any of the entities of the MP Birla Group during the pendency of the suit (testamentary) “on the strength of shares referable to the estate of Priyamvada Birla”.

“We see that the impugned order refers to material facts; reflects reasons and demonstrates judicial consideration and determination of matters which fall within the domain of Section 247 of the Succession Act. We cannot treat it

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shape, arrow: Yellow arrow with the word leadership on blackboad

© Getty Images
Yellow arrow with the word leadership on blackboad

Effective people management is key to running a successful organization. Successfully managing teams of individuals often requires more than corporate training and development courses. In fact, most who take on leadership roles develop their style of leadership based on their own experiences and personalities.

“The great leader is seen as servant first …”

It’s common for those newly placed in management positions to try to work out what kind of leadership style they embody in order to try and identify areas of improvement and take tips from other successful leadership styles.

In this article, we’ll focus on servant leadership. Servant leadership is a style of management ruled by a people-first mindset. This type of leadership style focuses on employee satisfaction, with the intention of attaining better business results. We’ll go through common characteristics of the servant leadership approach to

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“No recess without relief” is the refrain from a coalition of business groups, which this week sent a letter to congressional leaders imploring them to not leave Washington for the 2020 elections without passing additional stimulus. 

More than 200 public- and private-sector groups–calling themselves the Covid Relief Now Coalition–signed the letter, urging Congress to pass additional economic relief for small businesses before the November 3 election. Otherwise, they said, millions more jobs will be lost, millions of those now unemployed will lose benefits, and hundreds of thousands of companies could close their doors forever.

“This is a pivotal moment,” the letter reads. “Congress needs to rise to the occasion and cast partisanship aside to provide a lifeline to get through this pandemic. Congress’s failure to act now will result in negative economic ramifications that will reverberate for decades.”

The letter was sent amid renewed stimulus talks between congressional Democrats and

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