Economy Surging | Tax Reform Boost | 2018 Tax Info | High Achievers

StaffLink’s Small Business Week — January 19 Highlights

In StaffLink’s Small Business Week this week, the economy continues to set records; passage of the tax reform bill prompted many companies to increase employee wages and bonuses; 7-Eleven raids in Florida serve as a cautionary compliance tale for employers; 2018 tax information and tips for businesses preparing for the coming tax season; a look at workplace legal trends; and, how high achievers start their days.

Trump, the Economy, and tax reform 

Love Him or Hate Him, Trump deserves Credit for Booming Economy announces Investor’s Business Daily’s January 12, 2018, editorial. The editorial cites increased wages, bonus payments, and industrial expansions as evidence.  He is not alone, even some of the President’s media critics are now granting the president begrudging praise about his economic policies.

CNBC’s Market Insider with Patti Domm wrote Trump economy’s sustained growth pace unlike anything seen in 13 years. Will the good times last? Some economists tell Domm that they are waiting to see what happens in Q1 of 2018, but for the most part, there is strong optimism in the business community.  In fact, small business optimism is the highest its ever been in the 45 years since it was first measured. 

Corporate America is also proving critics wrong about the impact of tax reform.  More than 164 companies have either increased wages, paid bonuses, or both, including Apple, Walmart, JetBlue, American Airlines, and several large banks, to name a few.  You can find the list in Paul Bedard’s  article, Boom: 164 companies give bonuses, lower fees to millions. 

Which company is serving up the biggest bonus awards? The Street’s Annie Palmer tells us that most employees of Apple will receive $2,500 bonuses in Apple Just Handed Employees the Biggest Tax Bill-Related Bonus So Far.

What can we learn from the mistakes of others?

As the dust settles following the Department of Homeland Security’s raids on 100 7-Eleven stores, including several in Florida earlier this month, Workforce contributor Montserrat C. Miller examines what we can learn from the event. Miller also offers his tips to ensure that your business has its paperwork in order in Raid on 7-Elevens a Stark Lesson in I-9 Immigration Compliance.

Withholding tables plus small business tax hacks for 2018.

The new tax law included several changes that affect individual income withholdings. What should employers and employees do about the changes? SHRM’s Stephen Miller explains in IRS Issues New Withholding Tables for 2018. According to the article, the Trump administration anticipates that ninety percent of wage earners will take home more of their pay following the adjustments.

What can small businesses do to keep more of their money out of the tax collector’s hands? Entrepreneur contributor Peter Daisyme offers up 10 Tax-Savings Hacks That SMall Business Owners Often Miss to help us out. Save those receipts!

Making the most of your morning.

Inc. contributor Christina DesMarais says that high achievers get a head start by starting their mornings right. She tells us their formula for success in Here’s How the Highest Achievers Start Their Days Differently Than Everyone Else.

A look at the latest workplace legal trends.

Sharing good news and bad, SHRM’s Lisa Nagele-Piazza and Allen Smith have put together 8 Workplace Legal Trends for 2018. They predict that the Department of Labor will be employer-friendly and the Obama era overtime rule will see a rollback. Business challenges will include navigating harassment and retaliation claims. Plus, companies will need to adjust to changes in various state drug laws.

Watch This–

Political and social division is deep in many places, not just the U.S.  And, both sides are to blame.  But in the ‘down under’ one organization thinks it’s come up with a solution, and their ad was voted ‘top ad’ in the world this week in BestAdsonTV.   

There may be ‘mutt-in’ better than lamb to heal the  political divide.

Week’s Best – March 24 – Ryan Withdraws Healthcare Bill – 2017 HR Trends – 10 Top Interview Mistakes

As we pass the end of month two in the Trump administration, the Trump administration suffered a legislative defeat on its Obamacare bill replacement; but, there is good news on the economic front.

The fate of Obamacare was to be decided today, but President Trump and Speaker Ryan did not drum up enough votes to pass the American Healthcare Act; instead they withdrew the bill.  Ryan says we’ll have to live with Obamacare for the short-term – Reuters has the story.

Economically, SHRM reports ‘Job Cuts are Down 40% Year Over Year‘; and, at the same time, Business Insider reports that the Gallup organization finds Economic Optimism is at Its Highest Level in 9 Years.  Inc. also reports a 9-Year High in Economic Optimism Among Business Leaders.

SPECIAL EXCLUSIVE:  STAFFLINK has published a great, free resource for small and mid-size companies called THE 2017 HR TRENDS Toolkit.  You can receive a free copy by clicking this FREE DOWNLOAD link.  The Toolkit provides you all the latest HR changes and trends you should know about this year; it is user-friendly, and also contains free resources.

 

The 2017 HR TRENDS Toolkit covers;

  • Recruiting & Hiring

  • Employee Benefits

  • Compliance

  • Risk

  • Employee Engagement

Get Your FREE COPY and keep it on hand.

In HR, Inc. posted an article about The 10 Most Common Job Interview Mistakes.  The post provides advice on what ‘to do’ instead … and, Inc.’s Marcel Schwantes’ believes The Job Interview Will Soon Be Dead; find out why, and what is replacing it in his post … and, a controversial new bill has been introduced that appears to mandate ‘genetic testing’ of employees – is that true?  SHRM provides the details.

In Productivity, 7 Ways to Use Data Analytics to Grow Your Company is a helpful review of a small business case study.  The article makes data science a little more practical, and less nebulous.

In Tech & Trends, Business Insider published The Retail Apocalypse Has Officially Descended Upon America – a revealing look at the slow death spiral of American malls and retail chains … and Apple unveiled its new iPhone 7 – in red.  You can read and watch one of the better reviews here in The Verge.

Enjoy Your Weekend.