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|   310-256-3148    |   info@cfofinancialstrategies.com    

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December 10, 2019

For many industries, 'tis the season to discuss overtime in the run up to Christmas. It is important for any company with employees to understand its responsibilities for paying overtime. This includes knowing who is and who is not eligible for overtime pay, and what eligible employees are entitled to receive.

Here’s a brief overview of what you need to know.

Eligibility

There are two categories of workers for under the Fair Labor Standards Act (FLSA): exempt and nonexempt. Exempt employees are not...

November 19, 2019

Most businesses will, at some point, have to take out loans to finance major purchases. It is crucial that any company performing financing put plenty of thought and planning into its financing to ensure the company does not compromise its own financial health.

Here are a few examples of some of the most common financing mistakes businesses make and what you can do to avoid them.

Borrowing more than the business can afford

This is one of the most common mistakes business owners make with their fina...

November 12, 2019

The purchase of construction equipment for your company represents a significant financial investment, as well as a time investment when you consider all the research and planning you need to put into the purchase. If you are uncertain about whether or not purchasing new equipment is the best option for your business, you can instead purchase used equipment to save your business some money.

Here are just a few of the primary advantages associated with buying used construction equipment rather tha...

October 23, 2019

Navigating the complex world of labor law and payroll can be difficult for a small business owner who already has plenty of other concerns. If you’re new to managing payroll, or if you’ve ever wondered what all those words on your paychecks mean, here is a brief glossary of terms to help you get started understanding payroll.

Employee versus independent contractor

Designating whether someone is an employee or an independent contractor is a big deal to the IRS as it impacts taxes for both the emplo...

October 17, 2019

Renting construction equipment is a great way for successful construction companies to continue completing projects without the additional upfront and maintenance costs of owning machinery. Construction companies need to stay liquid between jobs and renting helps companies to do just that. Below are a few of the financial benefits your construction company will enjoy when renting construction equipment. 

No high upfront costs

New construction equipment does not come cheap. Making such a large purc...

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