We all know a happy employee can increase your bottom line. Today on the local #FOX5ATL morning show there was a segment about the new Fortune 100 list of best places to work and the reasons these companies made the list (citing a happy work environment, fair pay, perks, benefits). Of course we are talking about large corporations, because as small business owners and entrepreneurs, OUR business is the best place to work so give yourself a pat on the back small business owners and entrepreneurs you made the list!
The morning show probed deeper on their social media network's "Question of the Day" asking what kinds of perks would people like. The answers were typical and pretty much validated the Fortune study. Mind you I am listening to this in the background as I manage the workflow of the early season tax returns in our virtual office....wait is that a perk?
The question did get me thinking of ways small business owners can make their businesses the best place to work for them and their employees. one of the major ways is to offer benefits and perks to you and your employees, however many small business owners and entrepreneurs do not offer benefits because they think they are to expensive and/or difficult to implement.
Did you know that by not offering perks and benefits your are more likely than not losing money instead of saving it? By offering perks and benefits you and your employees will have the opportunity to write off many of the expenses that you currently can't (or have been capped by the IRS).
Making the most out of your tax deductions, credits and income shifting are just a few of the tax strategies outlined in my recent book Expensive Tax Mistakes That Cost Small Business Owners Thousands that can be found on Amazon. Be sure to pick it up and find ways to offer perks and benefits that will keep you and your employees on the list of best places to work.