Kimberly DeCarrera, Fractional General Counsel and Fractional CFO

FTC Issues Rules Prohibiting Non-Competes in Employment

Today, April 23, 2024, the Federal Trade Commission (FTC) issued a final rule on employment non-competes. The Commissioners voted 3-2 to issue the final rule. The FTC estimates that by banning non-competes that there will be a 2.7% rise in

EEOC Issues Final Rules on Pregnant Workers Fairness Act

On June 27, 2023, the Pregnant Workers Fairness Act (PWFA) went into effect, and today, April 15, 2024, the Equal Employment Opportunity Commission (EEOC) issued regulations implementing the law. The final rule will be published on April 19, 2024, and

The Value of the Niche: Narrow Services for Profitable Businesses

Can you be the master of everything? Usually not. Especially not within our professional service firms. However, we can become an expert in a small focused area of a market. And when you do this, it can lead to a

Most Common Employee Benefits

As we look to build and scale our companies, we will have to hire employees (not just contractors). In order to attract and retain the best employees, we typically have to offer a variety of employee benefits. Let's take a

Employee or Independent Contractor? New Rules for 2024

Whether it is your first hire or your 1,000th, you are going to need help to scale and grow your company. The question is whether you hire those individuals as employees or independent contractors. Why Companies Often Prefer Independent Contractors

Corporate Diversity in 2024: What Companies Should Be Doing

Diversity in the workplace remains an important topic and issue, facing companies of all sizes. It may have come under fire recently as companies look for budgets to cut, but that does not mean that we should be leaving corporate

FUTA Credit Reduction Hitting California and New York Employers in January

This January, employers in California and New York will be paying a little extra to repay the states' loans from COVID-era unemployment claims. Both states have outstanding unemployment tax trust fund loans from the federal government. As a result, employers

Preventing Fraud in Your Business

As you grow your business, you have to delegate to employees to handle critical areas of the business. There's no other way to scale - you cannot micro-manage all the departments as you continue to get bigger and bigger. The

Corporate Transparency Act: A New Reporting Requirement for Small Businesses

Breaking News Update: February 18: A District Court in Texas stayed their nationwide injunction regarding the enforcement of the Corporate Transparency Act and the associated reporting requirement discussed herein. More details below. Beginning on January 1, 2024, small businesses will

Why EBITDA is Crap

Stick around the business world long enough and you'll hear people talk about EBITDA. And by long enough, I mean two minutes or so. But I'm here to tell you that EBITDA is a made up, crap financial metric for