From a legal perspective, there’s a lot to consider.


4 min read

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In an ideal world and , every employer would be able to provide benefits such as health insurance, retirement plan matching, and travel reimbursements to all . However, it’s often not financially feasible for many .

According to the Bureau of Labor Statistics, benefits made up about a third of the cost of an employee. Meaning, an employee salaried at $50,000 would actually cost the employer another 30 percent more, for a total of $65,000. For small businesses with thin margins, like local grocery stores, this sort of expenditure per hourly employee can be next to impossible.

The ethics of not providing benefits is a topic that has been debated at length elsewhere (although it’s clear that benefits can help lower turnover, which could offset the additional costs), but the legalities of not providing benefits are plain and simple: Your could be heavily fined and even shut down for not providing federally mandated benefits.

Best to avoid this scenario! Let’s examine which benefits you must provide to your

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Workers are preparing the Eiffel Tower for reopening next week, after the coronavirus pandemic led to the iconic Paris landmark’s longest closure since World War II.

France’s tourism industry is opening back up, but the 324-meter (1,063-feet) tall wrought-iron tower won’t immediately welcome visitors the way it did before the country went into lockdown in March.

Only limited numbers of people will be allowed in when the Eiffel Tower opens again on June 25. Elevators to the top will be out of service, at least at first, and only the first and second floors will be accessible to the public.

“At first, only visits by the stairs will be available,” Victoria Klahr, the spokeswoman for the tower’s management, said Tuesday.

Everyone over 11 years old will be required to wear face masks, and crowd control measures will be in place.

“We are optimistic that visitor numbers will pick up, even if it will likely be local tourists who visit the monument in the first weeks,” Klahr said.

The tower’s director told The Associated Press on Tuesday that …

There are plenty of places to buy Bitcoin so it’s not obvious why the world needs another one. But a startup called River Financial sees a niche: A Bitcoin service that operates like a conventional bank and caters to those over 55.

Launched last fall, River is the brainchild of Alex Leishman, a former aerospace engineer who became intrigued with Bitcoin in 2013, and was a teaching assistant at Stanford University’s first cryptocurrency class.

According to Leishman, well-known Bitcoin sellers like Coinbase and Grayscale cater to those with a trading mentality, and don’t provide the sort of customer service that investors—particularly older and wealthy ones—expect.

At River, he says, those looking to buy Bitcoin enjoy the sort of service they would get at a bank, including staff who return their phone calls. Leishman adds that River eschews exotic cryptocurrencies and trading options to focus instead on traditional banking products: joint accounts for married couples, IRAs, tax-advantaged accounts and so on.

River’s niche, which Leishman refers to tongue-in-cheek as “Bitcoin for Boomers,” appears to be gaining some traction. The startup has several thousand customers, many of them high worth individuals, and claims it has been growing 80% every month since January—with …

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Good morning.

Jeff Bezos is the most important business leader of our times, and if you want to know how he got that way, you can find it in the very first letter he wrote to shareholders in 1997. His message: focus on the long term, obsess over customers, make bold not timid choices, set a high bar in hiring, and you will create “an enduring franchise.”

Ever since, Bezos–modeling Warren Buffett–has laid out his business thoughts each year in a crisp annual letter to shareholders. Today, PublicAffairs and Harvard Business Review Press are announcing plans to publish Invent and Wander: The Collected Writings of Jeff Bezos, which brings together 23 years of these annual letters, plus notable interviews, writings and speeches, and a 10,000 word introduction penned by Walter Isaacson–biographer of Steve Jobs, Albert Einstein, Ben Franklin, and Leonardo DaVinci. Isaacson puts Bezos “in the same league as my other subjects.”

CEO Daily got an early look at the book. A few excerpts:

“You can work long, hard, or smart, but at Amazon.com you can’t choose two out of

The scandalous PPP loans were seen as the crème de la crème for microbusinesses struggling to survive and thrive through the Coronavirus. 

Many business owners have applied, but only a handful acquired PPP loans. The first round of relief funding worth 349 billion dollars maxed out in a matter of months. However, the SBA topped up the funds in April with an extra 310 billion dollars to be disbursed via banks and web-based lenders.

But these loans shouldn’t be a big deal because even round two won’t last long. So what next if you are among the many who got rejected for one reason or another? We’ll get to that in a few.

Possible Reasons Your PPP loan Request was Rejected.

Before searching elsewhere, let’s try to understand why your PPP application was rejected;

  • Simple application errors like missing a number or two on your EIN
  • You failed to meet the terms of a specific lender. e.g., you don’t have a relationship with them; your requested amount was below their preferred cap (Try to call your lender for an explanation).
  • You applied with multiple businesses
  • You provided false data, such as per-month payroll amount, number of workers, etc.

NB: