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Michigan Business Network: Edge - Top 2

SBAM | Employee Classification Regulations Finalized

Small Business Weekly: News and Updates from the Small Business Association of MichiganU.S. Department of Labor (DOL) Issues Finalized Employee Classification Regulations

On January 6, 2021 the DOL published its final rule to help employers determine whether workers can be legally treated as independent contractors (I/C) or employees of the business. If a worker is an independent contractor the business does not have to pay them minimum wage, overtime, do recordkeeping, provide benefits, or even collect employment taxes as they would if the worker is, in fact, an employee.

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Is 2021 the Start of a New Recruiting Era?

Multiple recruitment experts expect the pace of change will remain about the same over the next several months. This means another year of adjusting to a constantly evolving environment.

 

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New Benefits Requirements Due to the Consolidated Appropriations Act

When the Consolidated Appropriations Act (CAA) was signed on December 27, 2020, it did not just fund government for the 2021 Fiscal Year but also made some changes to benefit offerings.

 

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This week’s “Focus on Business” show is about cyber insecurity. We’ll review what cybercrime is, how it happens and share real life examples of how ransomware negatively impacts a business.

Thank you to our guests: Jeff Dettloff, President and CEO of Providence Consulting, and Jim Ellis, Cyber Commander for the Michigan State Police.

Tune in to “Focus on Business” this Sunday at 11:30 a.m. on WLAJ, or you can catch the episode here after the show airs.

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