Company Liability for Undocumented Workers
By Elliott Ozment, immigration attorney
As the debate over immigration reform and undocumented workers heats up, it's more important than ever to verify lawful employment status.
Regardless of where you stand, employers have an obligation to comply with the law. And the law still says that it is illegal to hire an undocumented worker.
Click here to learn how to protect your company from non-compliance penalties.
Pinnacle workshops often feature outside experts on subjects important to our clients. Mr. Ozment led a recent workshop at Pinnacle West End.
State's Jobless Rate Below National Average
Tennessee's steady economic growth over the last few years is beginning to show in the unemployment rate.
Tennessee's unemployment rate in April was 4.4 percent, according to the Tennessee Department of Labor and Workforce Development. The nation's unemployment rate was 4.5 percent in April.
The state unemployment rates were down from the seasonally adjusted March rate of 4.7 percent. Tennessee's April unemployment rate a year ago was 5.2 percent.
Pinnacle Clients Recognized For "Best in Business"
Congratulations to the Pinnacle clients recognized in the 2007 Nashville Business Journal "Best in Business" awards, which honor private companies for demonstration of entrepreneurship and success:
- Dr. Philip Wenk of Delta Dental, and Darren Metz of NovaCopy Inc., whose companies were winners in their size categories
- NationLink Wireless and The Bun Companies , who were finalists for "Entrepreneur of the Year" as well as "Best in Business" finalists in their size categories
Four other Pinnacle clients were named finalists in their respective categories:
- American Hometown Publishing Inc.
- Bristol Development
- Cabedge.com LLC
- Cybera Inc.
Pinnacle is proud to be the financial partner for these exemplary companies and entrepreneurs.
Should my business use Remote Deposit?
Any business is eligible to utilize Remote Deposit. However, the service is most effective for companies whose accounts receivables are largely made up of checks.
Here’s how Remote Deposit works:
- Checks are fed through a scanner that captures an image of the check.
- The data is then transmitted to Pinnacle over a secure web site connection.
- The total amount of the scanned checks is deposited to your account. No paper needs to be sent to the bank.
- After about two weeks, you can destroy the actual checks.
Check with Pinnacle for the technical requirements needed to take advantage of Remote Deposit.
Pinnacle Name Will Go on New SoBro Tower
Signage featuring Pinnacle's name will be visible on both sides of a 29-story, 500,000-square-foot office tower planned for south of Broadway.
The office tower, which will be located on Third Avenue across from the Schermerhorn Symphony Center, will take the name "The Pinnacle at Symphony Place" when it opens in January 2010.
Pinnacle has signed a letter of intent to lease 65,000 square feet of space, which includes the building's eighth, ninth and 10th floors and a full-service financial center on the ground level.
Associates at Work in the Community
The Young Bankers Division of the Tennessee Bankers Association has awarded Patty Pearson, Pinnacle's Bank@School coordinator, the Grand Division Award for being the top PEP (Personal Economics Program) Banker. This is the second year in a row Patty has received this award for excellence in educating the public about personal finance, banking and economics.
Patty is based at the West College St. office in Murfreesboro. She also received the Golden PEP Banker Award and recognition in additional categories.
Michael Lindseth brings 13 years of financial services experience to his role of financial advisor for Pinnacle's West End office.
Michael comes most recently from US Bank, where he served as assistant vice president and business banking officer.
Pinnacle also welcomes nine additional associates who bring 207 years of combined experience to Pinnacle's new Knoxville office:
Kimberly Bozich, 17 years experience, financial advisor
Kim Ciukowski, 18 years experience, financial advisor
Pam Crumley, 34 years experience, financial advisor
Corliss Garrett, 36 years experience, financial advisor assistant
Diane Jones, 20 years experience, financial advisor
Rex Jones, 33 years experience, financial advisor
Lisa Moyers, 19 years experience, financial advisor assistant
Carla Ownbey, 16 years experience, financial advisor
Tonia Turner, 14 years experience, operations manager
Wealth Transfer Products
with Karl Welch of Miller & Loughry Insurance and Services, Inc.
Pinnacle Murfreesboro
Wednesday, June 13, 11:30 a.m. - 12:30 p.m. (workshop and box lunch)
RSVP or questions: Bethany Cole at 849-3349 or via e-mail at bethany.cole@pnfp.com
Investment Policy Guidelines for the Non-Profit Board
with Scott McPherson, CTFA, Investment Consultant for Pinnacle Asset Management and Raymond James Financial Services, Inc.
Pinnacle Downtown Nashville
Thursday, June 21, 11:30 a.m. - 12:30 p.m. (workshop and box lunch)
RSVP or questions: Mary Hall at 690-4061 or via e-mail at mary.hall@pnfp.com, or Summer Yeiser at 620-1207 or via e-mail at summer.yeiser@pnfp.com
Health Savings Accounts and Consumer Driven Healthcare
with Larry Whisenant of Pinnacle's Medical Specialty area, and Karl Welch, Bobby Mason and Susan McIndoo of Miller & Loughry Insurance and Services, Inc.
Pinnacle Donelson
Thursday, July 19, 11:30 a.m. - 12:30 p.m. (workshop and box lunch)
RSVP or questions: Mary Hall at 690-4061 or via e-mail at mary.hall@pnfp.com, or Mary Smith at 743-6010 or via e-mail at mary.smith@pnfp.com
