Here’s news you can use in a constantly changing business environment, including proposed tax legislation that leads to privacy invasion; reasons behind the Great Resignation; why being Hispanic or Latino is more than speaking Spanish; and more.

1. A warning about federally legislated privacy invasion — The Michigan Chamber of Commerce reports that the proposed American Families Plan will invade privacy under the guise of cracking down on tax evasion by requiring financial institutions to report every transaction of $600 or more in personal and business accounts. Get the full story on the new proposed IRS reporting requirements.
2. What’s behind the Great Resignation? Burnout is one of the main culprits motivating employees to quit their jobs at record rates. Learn more about what’s driving the great resignation.

3. What to do if your business is audited — Do you know what to do if you receive a dreaded letter informing you that your business is being audited by the IRS? Learn what you need to know about the audit process and what type of professional help you may need.

4. Why being Hispanic or Latino is more than speaking Spanish — Hispanic and Latino communities in the U.S. are far from a monolith. In fact, their ancestors hail from more than a dozen countries. These five charts illustrate the complexities of Latino communities.

5. Being indispensable is great as an employee, but not as a business owner — If you’re answering emails on vacation, that’s bad news for the value of your business. Discover why it’s better to have an organization that allows you to disappear for a week or more without you checking email.

Thank you to our Friday Five sources: Michigan Chamber of Commerce, Human Resource Executive, Legal Zoom, CNN and Entrepreneur.

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