Failure to Comply with “Wage Theft Prevention Act” Can Yield Huge Fines

In case you haven’t heard, the “Wage Theft Prevention Act” took effect in April 2011. This means that by February 1 (of each year) employers will have to give a written notice of wage rates to all of their employees. This is in addition…

Monitoring your Business and the Local Environment for Risks

One vital aspect of running a business is being able to understand the risks you face. Once you have a handle on that, you are in a much better place to initiate strategies for risk management. NY is a big, busy city with a large population…

Preparing for a Workers Comp Audit

,
What exactly is an audit? The dictionary says it is a thorough examination or check – an in-depth examination of every part of a process. That applies whether you’re talking about accounting audits or workers compensation audits. You usually…

IRS Releases 2012 Calendar for Small Business

The Internal Revenue Service just released their 2012 calendar for small business which includes all of the neccessary filing dates for most of your perfunctory transactions.   Although the corporate filing deadline remains  March…

Protecting your Supply Chain

Operating a business means maintaining complex operations. Streamlined operational procedures are vital - not least for keeping track of all the potential loose ends in your supply chains, which may be key for your risk management. NY is one…

Developing/Maintaining Efficient Work Systems

The best preparation you can have for any kind of audit is good record keeping, efficient systems and standard operating procedures that are adhered to at all levels. This is true of all business audits, including financial audits, stock audits…

Risk Management: NY Small Business Tips

Start researching the topic of business plans and sooner or later you will come across the term risk management. NY business owners can find that there are several benefits that can be derived from implementing risk management strategies into…

10 Most Cited OSHA Violations for 2010

10 Most Common Occupational Safety and Health Violations for 2010 The Occupational Safety & Health Administration (OSHA) lists the 10 most commonly reported worksite/occupational safety and health violations discovered after inspection.…

Workers Compensation Audits to the Rescue!

As a business owner, you already spend thousands of dollars on your business a year. Between hiring, payroll and investments, it may seem like you are always dishing out money. And then paying for insurance on top of all that? You may wonder…