Montgomery County (MD) employers must be aware that effective July 1, 2019, the minimum wage for their employees increases to $12.50 per hour for businesses having 50 or fewer employees and $13.00 per hour for businesses with 51 or more employees.
It is a violation of the Maryland Wage & Hour law to not pay the minimum wage of your jurisdiction; and you should be aware that the penalties for underpaying an employee can be severe, in addition to the damages that could be awarded in a lawsuit.
Avoid lawsuits and penalties by making sure that your business is in compliance with wage and hour laws as well as the many other laws and regulations applicable...
Small business owners around the country are preparing for a recession, according to a new survey by Bank of America Corp, and the bank wants to put more business specialists in branches to help, an executive told Reuters.
More than two-thirds of business owners surveyed by the bank said they had taken steps to prepare for an economic downturn, including setting cash aside or planning to reduce expenses.
Of the 69 percent of owners who had started preparing for a recession, only 19 percent had opened a line of credit, a figure that Bank of America’s head of small business Sharon Miller said was too low.
“When you need a line of credit, you often can’t ge...
The Clayton Law Firm recently represented a District of Columbia business in an administrative hearing initiated by the District of Columbia Department of Consumer and Regulatory Affairs ("DCRA"). The DCRA alleged that the Clayton Law Firm's client had been operating without a current business license and sought to impose a fine in excess of $2,000.00.
At the hearing, the DCRA presented evidence allegedly showing that there was no record in its database of Jefferson Grill having renewed its license and that its information specifically showed the license as expired on the infraction date. The Clayton Law firm defended the allegations by introduc...
In a case filed in the Montgomery County Circuit Court, the Clayton Law Firm defended Global Express Limousine, Inc. and its owner against claims of tax fraud employee misclassification in violation of 26 USC Section 7434. The lawsuit alleged among other things, that the Defendants had improperly designated the Plaintiff as a independent contractor as opposed to as an employee under the Fair Labor Standards Act.
The stakes in the litigation were very high since penalties for worker misclassification can be quite severe. In this instance, the complaint asked that the Defendants be responsible for payment of treble (i.e., triple) damages, Plaintiff's co...
It’s no secret small business owners are a foundational support to this country’s economy. In fact, small businesses made up 99.9 percent of U.S. businesses and created 1.9 million net new jobs in 2017, according to a 2018 report by the Small Business Administration.
A longtime advocate for small business owners, NFIB understands the importance of small business and its contributions to local communities and economies. NFIB-commissioned research conducted by Morning Consult shines a light on how many American adults view the impact of small business—economically, culturally, and representatively.
Furthermore, the study finds that Americans trust small bu...
MONTGOMERY COUNTY, MD — The minimum wage payable by Montgomery County employers increased effective July 1, 2018. The size of the wage increase is determined by the number of workers a business employs; county businesses with 51 or more employees must pay workers $12.25 per hour and employers with 50 or fewer workers will be required to pay employees $12 per hour.
The new measure (County Bill 28-17 Human Rights and Civil Liberties – County Minimum Wage) was signed into law on November 17, 2017 by County Executive Ike Leggett. Under the law, the new wage payments will be:
On July 1, 2018: Large employers will pay employees $12.25; mid-sized and s...
Whether restaurant or retail, this is your guide to getting the right coverage.
You may already be familiar with the different types of insurance available for small businesses, but the question of what kind of coverage is best for your specific business warrants a more in-depth consideration.
Earl VanBuskirk Jr., strategic product manager for Select Solutions Insurance Services, and Keith Turnbaugh, NFIB member and owner/broker of Kansas Preferred Insurance Group, weighed in on the issue. Here’s a look at the most important types of insurance to consider for the five most common business types.
Let’s talk about values. Not family values or stock values, but company values: the bedrock of an organization. A company’s core values define it in a way nothing else can. They support the vision and shape the culture. They are the principles and beliefs that define the work. They are what drive the company.
Some leaders consider values a soft sell or nice-to-have. Small businesses, in particular, are often hyper-focused on the product in a rush to get to market, forgetting to acknowledge the underlying foundation that helps a company run smoothly. But research shows that companies that lead with their values are better positioned to achieve strong cus...
If you own a restaurant, plumbing company or other small business, you may be intrigued by the expected expansion of association health plans under a new rule that got a stamp of approval from the Trump administration last week.
Will they meet your needs? Save you money?
Those are important questions for small businesses and self-employed people who struggle to buy affordable insurance for themselves and their workers.
Federal officials say the new rule would help level the playing field for these businesses, giving the kind of flexibility on benefits and leverage to negotiate with providers that large companies may have.
Virtually every small business owner is familiar with handling stress in the workplace. From financial concerns, multiple responsibilities, working long hours, and balancing work with family life, it can all take a toll on your mental health.
But with risk comes reward, which is why so many Americans still choose to run their own business, be their own boss, do something they love, and control their own schedule—despite the stress that might come with it.
Read on for an overview of recent mental health awareness initiatives, find resources for greater work-life balance, and get 10 tips to help manage stress at work—for you and your employees.