If you’re contemplating a merger or acquisition as a way to supercharge your growth in 2021, it’s important to tread carefully, now more than ever. M&A activity is clearly on the upswing from staffing firm owners looking to take fast advantage of the emerging post-pandemic economy. While last year saw an understandable decline, 2021 has…
Workers’ compensation is foundational to the profitability and operational stability of staffing firms. The risks are both financial and operational: misclassification can spike premiums, delayed claim handling can escalate costs, and audit surprises can crush cash flow. These issues affect both new founders and experienced owners alike. To answer common, real-world questions, we spoke with…
Starting a staffing company can be very profitable business if you take the right steps to ensure your success. However, we often see staffing startups making the same mistakes that can derail their business before it has a chance to grow. Here are some common pitfalls for startup staffing companies and recruiters. 1. Focusing on…
If you’re a staffing professional, it’s likely that at one time or another you’ve considered leaving your company to start your own staffing business. You work hard for a paycheck but know there is no assurance of a big future or financial security. You’re excited to explore becoming an entrepreneur, but your non-compete and non-solicitation…
What is Financial Sustainability? At Advance, we define financial sustainability as the ability to start, grow and maintain your staffing business with short- and long-term financial stability. It is amazing how many otherwise savvy staffing operators rely solely on their sales or HR skills to grow their business, and don’t really understand where they are…
It may not be your favorite part of running a staffing firm, but when it comes to payroll taxes, they have to get done (and it’s important that they’re done correctly). With the IRS cracking down on small businesses and increasing consequences for incorrect payroll tax filing, it is more important than ever that your…
In today’s marketplace, employers are in need of qualified workers and veterans are in need of work. So why are veterans who are transitioning from military service to civilian employment having such a difficult time finding jobs? In this blog post, we’re breaking down the reasons it makes good business sense to hire veterans and…
Quick Summary: This article outlines how staffing firms should respond to SUI unemployment claims, including documentation, appeals, common claim triggers, and strategies to reduce tax liabilities. How Staffing Firms Should Respond to an SUI Unemployment Claim Staffing unemployment claims are a recurring cost driver in the staffing industry. Mishandling them can directly impact margins, compliance,…
Tax season is here again, which means it’s time to start thinking about tax forms and employee classifications. With the IRS cracking down on small businesses and increasing consequences for incorrect tax return filing, it is more important than ever that you understand the dos and don’ts so you don’t end up paying harsh penalties…
Extended payment terms, such as net 60–90, are increasingly common in staffing, especially with enterprise and government buyers. Agencies pay talent weekly or biweekly but may wait 60–90 days for client payments, creating a structural cash flow gap that grows with scale. The result is payroll strain, margin pressure, and delayed growth. Firms can stabilize…
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