When you run payroll, you must comply with payroll and labor laws. Brush up on payroll compliance legislation and common compliance mistakes so you can accurately run payroll without fear of penalties.Read More Payroll Compliance Legislation and Common Mistakes
In 2018, there were about 12.9 million custodial parents in the United States. Of those custodial parents, 49.4% had legal or informal child support agreements. As an employer, you might hire an employee at some point who has a child support agreement. If that happens, you might receive an income withholding order. If you do […]Read More What Does An Income Withholding Order Mean?
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.Read More Everything You Need to Know About New York PFL
When you hire an employee, you need to have them fill out new hire paperwork. One form you must have new employees fill out and keep in your records is Form W-4. So, what is a W-4 form? What is the purpose of Form W-4? Read on to find out the answers to these W-4 […]Read More What Is a W-4 Form, and What Is it Used for?
Withholding allowances used to be a way employees could adjust how much money employers take out of their paychecks for federal income tax. Although the IRS removed withholding allowances for federal income tax in 2020, they’re still out there—through pre-2020 W-4 forms and state income tax.Read More Federal Withholding Allowances Still Axed, but Some State Allowances Live On
Your business might offer sales and seasonal offerings whenever a holiday rolls around. Or, you could decorate your office, retail space, or remote work location with some festive cheer. No matter how you celebrate the holidays, don’t forget to celebrate your employees, too. Holiday parties, gifts, and bonuses are great opportunities to give back to […]Read More ‘Tis the Season of Giving: How to Handle Holiday Gifts to Employees
Does your business have enough liquid assets to cover short-term liabilities in a pinch? To find out, you can use the quick ratio. Keep reading to learn the quick ratio definition, how to calculate your ratio, and more.Read More What Is Quick Ratio? Learn How to Swiftly Calculate This Metric
Taking on business debt can be a good thing. Debt can help you finance your business, purchase more items, and expand your offerings. But, there is a dark side to debt. Debt can become too much to handle and overwhelm your business. If your business doesn’t meet sales projections, its debt can get out of […]Read More 7 Ways to Get Out of Business Debt