Business Management - Articles - Page 158

In Case of Emergency: Contractors Prepare for the Worst

Planning for worst-case scenarios helps ensure successful operation during a disaster

November 21, 2016

It’s extremely important for service contractors to have emergency preparedness plans in place so they can continue to serve their customers during their time of greatest need.

New Rules Make Many More Eligible for Overtime

The implications could be very negative for many employers

Richard D. Alaniz

November 21, 2016

In just a few days millions more American workers will be eligible for overtime, thanks to a new U.S. Department of Labor (DOL) rule that takes effect on Dec. 1. And the estimated 4 million workers who become are just the beginning — every three years, the pay levels will automatically update.

Be Prepared to Weather Hurricanes and Storms

Know what to do before and after a critical event to minimize losses, return to business as usual

Hart S. Brown

November 7, 2016

Major natural disasters, like hurricanes and storms, can cause significant financial damage to businesses, often leading to a temporary shutdown, or even putting them out of business altogether. Because natural disasters can’t be prevented or anticipated, planning for them is crucial.

Federal Regulators Make Life Easier for Unions

Employers need to understand the current atmosphere, what new actions mean

Richard D. Alaniz

October 24, 2016

For employers with a union workforce — or a workforce that could unionize — complying with the National Labor Relations Act is an ongoing headache. That headache will only intensify thanks to the National Labor Relations Board (NLRB), the federal agency responsible for regulating labor law.

In addition to the necessary licenses, contractors should strongly consider obtaining training on financial basics, including understanding cash flow, balance sheets, income statements, and more.

HVAC Accounting Tips: How to Balance the Books

Kimberly Schwartz

October 17, 2016

HVAC industry experts advise that no business owner should underestimate the importance of setting up and following good accounting practices.

Advertising: Do It Right - Clean and Tight

Your ads need focus and the consumer needs to understand and buy into your pitch

Greg Mazurkiewicz

October 10, 2016

In reading a recent article by The NEWS’ long-time refrigeration columnist, Joe Marchese, titled “Ice Breaker: Do It Right - Clean, Dry, and Tight,” I realized that two out of three of those items apply to advertising. Clean and tight are essential to do it right.

Voting and the Workplace

How to stay in compliance with state and federal laws

Richard D. Alaniz

September 19, 2016

Elections often stir up passionate feelings — and that seems to be particularly true this year. As politicians and voters gear up for Tuesday, Nov. 8, employers may not know that their workers have certain rights when it comes to elections, and corporations even have rights of their own.

Four Reasons CDC’s New Toolkit Could Impact Legionnaires’ Litigation

CDC emphasizes the need for better building water management

Matthew R. Freije

September 5, 2016

The Centers for Disease Control and Prevention (CDC) report in early June about the increased number of Legionnaires’ disease cases and the need for building water management certainly caught the attention of the media.

Regulations, Executive Orders, and Court Rulings - Part 2

More information on what employers need to know now

Richard D. Alaniz

August 22, 2016

In the first part of this two-part series, we looked at upcoming regulatory changes that will definitely affect many organizations. Here, we look at court rulings and state laws that promise more expenses, paperwork, and headaches for many more companies.

Goodwill: Your Business, Not the Charity

Understanding and calculating goodwill

Roman A. Basi Marcus S. Renwick

August 8, 2016

Quick! What is the value of your HVAC contracting business? Is it taxable income times three? Taxable income times five? Or is it the value of the assets minus debts? It is literally your million dollar question that you need to know.