If you offer credit to customers at your small business, you have accounts receivable (AR). Sometimes customers pay on time, while other times they do not. Aging of accounts receivable comes into play when a customer has a past due invoice. Keep reading to learn all about aging of AR and how it can help […]Read More How Tracking Aging of Accounts Receivable Can Help Your Business
As an employer, at some point or another, you may have stumbled across the term “full-time equivalent employee.” Maybe you noticed it while researching information about the Paycheck Protection Program loan. Or, maybe you came across it while looking into COBRA. Whatever the case may be, you should know how to calculate a full-time equivalent […]Read More How to Calculate a Full-time Equivalent Employee for the PPP Loan, ERC, & More
If you’re an employer, you know that processing payroll can suck up a lot of your precious time. You might have to follow certain steps like inputting employee information, double-checking payroll and withholding tax calculations, and distributing pay stubs. With so many responsibilities and so little time, it can be hard to keep up. Instead […]Read More 6 Ways to Save Precious Time Processing Payroll
Starting in January 2020, 1.3 million more Americans will be eligible for overtime pay, thanks to the DOL new overtime rule. The Department of Labor announced its final rule on the new FLSA salary threshold on September 24, 2019.Read More The DOL New Overtime Rule and How it Will Affect Your Business
When you become an employer, part of your responsibilities include handling payroll taxes. On top of remitting taxes, you also might employ workers in a state with a paid family leave program, such as New York. If you have employees who work in New York state, you need to learn about the New York PFL […]Read More Everything You Need to Know About New York PFL
If you operate a nonprofit organization, you may be eligible to apply for tax-exempt status, such as 501(c)(3) status. Learn what is 501(c)(3) status, types of 501(c)(3) organizations, and how to apply for 501(c)(3) status.Read More What Is 501(c)(3) Status?
What makes one worker an employee and another not an employee? It can be confusing to determine which is which. But, it’s essential that you understand the difference. So, let’s take a look at who is an employee.Read More Who Is an Employee?
When an employee leaves your business, there are certain payroll and HR tasks you must do. It doesn’t matter if the employee is voluntarily or forcibly terminated. Employee termination procedures guarantee that your business remains in compliance with federal and state laws.Read More Employee Termination Procedures Your Business Must Do
When you pay employees, you must give them their wages at regular, consistent intervals. But when you choose the pay frequency, you need to follow federal and state payment laws. Learn the pay frequency requirements by state, plus the federal regulations.Read More Federal and State Pay Frequency Requirements
If you accept check payments from customers, you need to know that the checks might not always clear. A customer might not have enough in their bank account to cover the check amount. Learn what to do when a check bounces.Read More What to Do When a Customer Check Bounces