9-12-23 - The New I-9 - What You Need to Know

from Small Biz Flash · host Adam Hewitt

FEATUREThe Department of Homeland Security issued a new Form I-9, also known as the Employment Eligibility Form, on August 1. If you have employees, you need to be completing an I-9 on every new hire and should have already completed an I-9 for every existing employee. Penalties for non-compliance are stiff.Today’s guest is Karen Moss, of Innovative Outsourcing:Karen’s email: [email protected]’s LinkedIn page: https://www.linkedin.com/in/karenemoss/Innovative Outsourcing web page: https://www.innovative-outsourcing.com/----------NEWS ROUNDUP1 - The Department of Labor has proposed a rule that could significantly increase the overtime costs for small businesses.https://www.shrm.org/resourcesandtools/legal-and-compliance/employment-law/pages/proposed-overtime-rule-2023.aspxhttps://www.wsj.com/articles/julie-su-labor-department-overtime-pay-biden-administration-b314387c2 - The Department of Treasury will begin requiring tens of millions of small companies to hand over details about their ownership via a new rule on beneficial ownership reporting under the Corporate Transparency Act.https://sbecouncil.org/2023/08/15/new-federal-reporting-requirement-for-small-businesses/https://www.nfib.com/content/analysis/national/the-upcoming-regulation-change-every-small-business-owner-should-know/3 - Excessive borrowing costs continue to frustrate small businesses seeking access to capital, according to a new survey.https://www.nfib.com/content/press-release/economy/new-nfib-survey-increased-financing-costs-tops-the-list-of-credit-concerns-for-small-business-owners/----------This podcast is sponsored by SBS Accounting & Advisors. Use the promo code FLASH and get 20% off your set up fee! https://sbsaccountants.com/.👀 Watch on YouTube: https://www.youtube.com/channel/UCmFHZqDGRbOHXjhpicWuqhg.📧 Do you want to grow your business? I help small business owners succeed with their strategy, marketing, and operations. Email me today at [email protected] and let me help you grow your small business.----------Email me at [email protected] give me feedback on the podcast.Show web site: www.smallbizflash.com

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