Taking on an independent contractor is different than hiring an employee. There are differences in the forms you must gather, wage reporting, and how you pay contractors vs. employees. So, how do you run contractor payroll if it’s different from paying employees? Read on to learn the answer to that question and more.
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Jena Glover
How to Trademark a Name for Your Business
Naming your business is one of the most fun and crucial parts of opening it. You take the time to research if it’s available, ask others for their opinions, and register it with the state to legally stake your claim to it. But, is that enough? It might be a good idea to trademark your […]
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Patriot Software Granted Patent for Dual-Ledger Accounting
Canton, OH Patriot Software, LLC, a leading accounting software and payroll provider, announces an exciting new patent granted by the United States Patent and Trademark Office for an accounting software feature. The newly patented Dual-Ledger Accounting allows customers to switch back and forth between viewing the general ledger in cash and accrual accounting.
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How Long to Keep Tax Returns for Your Business
As a business owner, there are many documents you need to keep track of for your company. Employee paperwork, bills, invoices, etc., are all essential documents to store in your records. Keeping records isn’t just a good business practice, either. There are specific IRS recordkeeping requirements you must follow. One of those requirements is maintaining […]
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What Is a Floating Holiday?
There are a variety of ways you may give your employees time off from work. Some of these include paid time off such as vacation, sick, or holiday time. And if you offer holiday time, there may come an instance when a holiday overlaps with a day an employee would already have off from work. […]
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Retail vs. Wholesale: The Differences Businesses Should Know
When you open a business that sells products, one of the critical decisions you need to make is how you will sell. Do you plan to sell your products directly to your customers? Or, will you use vendors who distribute your products to their customers? The way you sell determines if your business is retail […]
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How to Fill Out Form 940 the Right Way
When the clock strikes midnight on new year’s, bam! It’s about time to complete Form 940, Employer’s Annual Federal Unemployment (FUTA) Tax Return. The FUTA tax return differs from other employment tax forms in a few ways. So, how to fill out a 940 tax form also differs. Learn how to fill out Form 940 […]
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Everything Employers Need to Know About Earned Wage Access
The digital age has brought with it a slew of new technologies and advances. From cryptocurrency to digital wallets to blockchain, people are experiencing newer and faster ways of living than ever before. Another advance employers should keep an eye on is earned wage access. Keep reading to get the scoop on what earned wage […]
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Do I Have to Charge Sales Tax? The Inside Scoop for Sellers
Business owners have a lot of taxes to know. Sales tax is another one to put on the list. Understand sales tax and how it works for your business to avoid potential penalties. And, that includes knowing if your particular company has to charge sales tax at all. So, let’s answer, “Do I have to […]
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The Pros and Cons of Buying vs. Leasing Commercial Property
While some businesses can start in a basement, garage, or kitchen, others require commercial property in the beginning. And, many companies outgrow their original location, so they need to look at commercial property. But, should you buy or lease property for your business? There are pros and cons to buying vs. leasing commercial property. Review […]
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