The greatest expense for small business owners is often payroll. Why? Because when you hire employees, you pay more than just their wages. You also pay payroll taxes, benefits contributions, and other miscellaneous expenses. So how much does an employee cost?
Read More How Much Does an Employee Cost? Busting Myths With an InfographicKaylee DeWitt
How to Conduct a Pay Audit
February 27, 2025Conducting regular pay audits can help you pay your employees fairly. Find out why you might conduct a pay audit and how to do so.
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What Does Self-employed Mean?
February 24, 2025You run your own business, but are you considered self-employed? The definition of self-employment can be confusing. What does self-employment mean? Find out below.
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How to Get Out of Business Debt [8 Tips]
February 21, 2025Taking on business debt can be a good thing. Debt can help you finance your business, purchase more items, and expand your offerings.
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Business Revenue: The Basics
January 14, 2025Revenue is a vital part of your business. Your business needs revenue to survive. So, you must understand revenue.
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Is Overtime Taxed Differently Than Regular Wages?
December 18, 2024If you have nonexempt employees, you have to pay them overtime wages whenever they work overtime hours.
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What’s the Difference Between Pre-tax and Post-tax Deductions?
December 18, 2024If you provide benefits to employees, you probably wonder how to withhold wages for the benefits properly. Do you withhold the premiums and contributions before or after taxes? Can you choose to withhold however you want? Well, it depends on the benefit. So, you must understand the difference between pre-tax vs. post-tax deductions.
Read More What’s the Difference Between Pre-tax and Post-tax Deductions?
How to Employ Your Child: 10 Tips for Keepin’ It in the Family
July 5, 2024Do you daydream about working with family members? You may consider hiring your child if you’re a small business owner. That way, you can show them the ins and outs of your business and the importance of hard work. At the same time, you gain an extra set of hands to get tasks done (win-win-win!).
Read More How to Employ Your Child: 10 Tips for Keepin’ It in the Family
Partnership Advantages and Disadvantages
May 6, 2024If you’re starting a business and have one or more partners, it might seem obvious to form a business partnership. This is a business structure that allows you and at least one other person to both have ownership of the business. Even though forming a business partnership might make sense, it’s not your only option. […]
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Salary vs. Hourly: Which Should Your Employees Be?
May 2, 2024Determining how to pay employees can be difficult. Not only do you have to determine how much to pay employees, you also have to decide if you will give employees a salary or hourly wages.
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