Business Insights

Critical actions for Colorado small business owners to reduce wildfire risk

For small businesses, many already reeling from months of uncertainty, the answer can be tough to decipher. Yet small businesses are the economic engine of our communities so helping ensure their viability is essential. There are mitigation actions, shown in test and real-world settings, to reduce the chance a wildfire will impact a commercial property that small business owners should take now.

Hitting the mark: Making and meeting financial savings goals at every stage of your legal career

One of the most popular resolutions, saving money, easily rivals those new workout routines everyone swears they’ll stick to. But what do you do when it’s October and your savings account has little to show for your January promise? Here, the experts at Maia Wealth lay out some fourth quarter savings strategies that are great for attorneys in particular.

Managing retirement planning during the pandemic

From job layoffs, furloughs and shuttered businesses—the COVID-19 pandemic has undoubtedly impacted our economy, forcing many to make the hard decision about whether or not to dip into their retirement savings to pay the bills and put food on the table. Research found three in 10 Americans withdrew money from their retirement savings and 27% of Americans have decreased the amount of money they are setting aside for retirement savings or stopped saving for retirement altogether.

What to do when government funds run out

While some companies, have seen their operations and bottom line grow, others have faced significant challenges. Some of the challenges brought on by the pandemic were eased with government stimulus funds provided by the CARES Act, but that cash injection is likely dwindling at this point and there’s no additional wave of funds projected to be released in the near future – which begs the question, what should business owners do as government funds draw down and eventually disappear?

Colorado updates paid sick leave provisions for 2021

Certain provisions of HFWA will go into effect January 1, 2021. HFWA will be phased in during a two-year period. Starting January 1, 2021, employers with 16 or more employees will be covered by the paid sick leave requirements. On January 1, 2022, all employers in Colorado, excluding the federal government, will be required to provide paid sick leave.