When is the last time you took an interest in your business’s taxes? If you are like most business owners you have left that up to your treasurer since you hired them. As long as it gets done then you shouldn’t need to worry about it, right? Wrong. There are a few things you should always know. Things like your business credit score, the tax form you are using front and back and everything in between, and which vendors you are using for your products at what time. This information is premium level intelligence and should not be forgotten by the owner no matter how many treasurers you have working for you. You never know when someone will move to another company and paying someone to play catch up with what you should know by heart is extremely annoying. The same advise can be given to your chief treasurer. Even if they have no plans in leaving the company the one handling that portion of the work may.
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Due to the Economy and rising health insurance concerns the isn’t leaving the workforce as quickly as they have before the 2008-2009 financial problems. There is one argument that says that the older generations are more responsible but there is another argument saying that they are slower at some tasks and more vulnerable to injury. From a risk assessment standpoint it is better to offer these workers some flexibility in the work schedule as well as the benefits package to reflects
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Many businesses have been trying to get by without doing things like they are supposed to. However when it comes to risk management it actually hurts your business to do things that way. It is cheaper and easier to do things right the first time than being sued for trying to cut corners. If you are cutting corners then stop now, call a meeting, and get them fixed or you and your business could be heading down the drain: Fast! Those bigger business guys get slammed with lawsuits on a daily basis for things ranging from pathetic to important and while the pathetic go away
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