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Business Owners

Why Does Health Insurance Cost So Much?

While overall economic inflation has slowed over the past 18 months, health insurance costs keep going up. According to the latest survey by the Kaiser Family Foundation (KFF), a non-profit organization that conducts research on health policy and issues, the average...

Winners and Losers If Non-Compete Agreements Are Banned

If the U.S. Federal Trade Commission (FTC) is successful in getting a new rule enforced, non-compete agreements may soon become illegal in all 50 states. This potentially gives employees reason to celebrate, while employers may feel despondent. Not surprisingly, while...

Do Rent Controls Really Help Tenants?

Given that I’ve been a landlord since I bought my first rental house at age 19, I was surprised to realize recently that I’ve never written about rent controls. Here’s the quick primer: rent controls are laws established by government, typically a municipality,...

Stricter IRS Reporting Rules For Payment Apps

The simple and easy online payment apps like Venmo, Zelle, PayPal, Google Pay, and Apple Pay may be in for a complex transformation if the IRS has its way. Congress recently appropriated money in the American Rescue Plan to increase staffing and resources for the IRS....

Charging What Your Services Are Worth

I recently had a somewhat difficult conversation with a vendor about the hourly fee she charged me. The challenge? Convincing her to raise her rates. She had contracted with me for about 18 months at the same hourly fee. I was pleased with her work. I also knew she...

Learning From Business Failures and Mistakes

How would you feel to learn your financial planner came close to bankruptcy five times in his life? Maybe I should have considered that question before I told the world about my business mistakes in an interview with Morey Stettner that was published July 18, 2022, in...