The Fluctuating Workweek
Calculating and trying to budget overtime for salaried employees can be a headache. However, implementing a Fluctuating Workweek (FWW) method of calculation may alleviate some of your stress and help add predictability to your budget. The Fluctuating Workweek method of calculating overtime is an alternative to the traditional “time and one-half” method used for paying non-exempt employees who consistently work 40 or more hours in one week. It allows you, as an employer, to set the employee’s salary upfront and make the employee’s regular pay rate dependent of the number of […]
How to Get the Most Out of Your Attorney
All small-business owners would be well-advised to consult at least somewhat regularly with an attorney. And indeed, sometimes hiring an attorney becomes not just advisable, but absolutely necessary (if, for example, your company gets sued). Either way, it is extremely likely that at some point you, as a business owner, will hire an attorney. Here are some tips you should keep in mind when working with your attorney, in order to make that lawyer-client relationship as effective as possible.
(1) Be organized with your information […]
Three Simple Ways to Name Your Business Legally
Business name, DBA, assumed name—it’s all Greek to many people. But as a small business owner, you can’t afford to ignore the legal niceties when it comes to the names your company uses. When you do business in Minnesota, you are required to use a registered name for your business. If you use a name that is not legally associated with your company, you could lose any limited liability protections your business entity may provide.
Here are three easy options for ensuring that your company name complies […]
The Legal (and Illegal) Ways to Deduct Meal Breaks Automatically
Requiring employees to clock in and out for every unpaid meal break is the safest way to ensure your company doesn’t inadvertently violate labor law by under paying workers. But when you’ve got a crew out in the field, tracking breaks can become a logistical tangle. Many employers cut back on the paperwork by automatically deducting a 30-minute meal break for any employee who works a full shift. If you use automatic break deductions, however, it’s important that you follow the law precisely. Otherwise […]