Is there a single business in the U.S. that’s resisted raising prices since early 2020? Good luck finding one. But there’s a fine line between passing along higher costs of doing business to the customer, and “fixing” prices. Case in point: Federal Bureau of Investigation (FBI) officers conducted a pre-dawn raid of Cortland Management in […]
The higher overtime salary threshold that kicks in on July 1 will affect a million-plus salaried exempt employees. And it’s good news for many folks — inflation is taking a bigger bite out of everyone’s paycheck and companies are scaling back pay raises and bonuses. Behind the scenes, many employers will be scrambling to adjust […]
Ever-growing postage rates are driving companies to digitize as much as possible. A record-high rate hike set for July 14 is going to impact companies that rely on the mail to do business. The U.S. Postal Service (USPS) announced it will be raising the cost of a first-class postage stamp from 68 cents to 73 […]
Companies aren’t nearly done tightening their belts as the economy slows down. Many are cutting back on vendor services or considering switching to other vendors. The obvious upsides to this approach is cost-savings and better goods and services. The downside: Fielding offers and meeting with vendors can take up a lot of time. It’s no […]
The Federal Reserve refuses to lower its bench-line interest rate until inflation cools down. Basic economic theory says that keeping rates high in an inflationary period helps to bring prices down though it can take time. Does that theory hold up when the Fed — at the behest of Congress and the White House — […]
Another April 15 came and went, leaving many of us poorer and grumbling about government spending. For business owners and the CFOs and controllers, reducing tax liabilities to states and the IRS is a year-round effort. Small business owner and tax guru Gene Marks shared a few of his “win-win” strategies on WFMZ 69 News. […]
Does it feel like the cost of nearly everything is on the rise or not coming down? Just when a commodity comes down in price, another one creeps back up? Gasoline and diesel prices at the pump are on the rise again to cite one example. Employers and employees are feeling the strain and may […]
A last-ditch effort to restore tax write-offs for research costs — including software engineers’ salaries — appears dead on arrival in the Senate. Politics is preventing a deal from getting done, despite several GOP Senators wanting to provide more tax breaks for American companies. Reason? Several Democrat Senators are in danger of losing their races […]
The vast majority of people who’ve never ran or helped run a business might assume companies were cutting down to the bone to get finances in order. One media story after another of recognizable firms laying off hundreds to thousands of workers over the past year paint a picture of cost-cutting going off the rails! […]
