How often do you need to pay your employees? When you choose a paycheck frequency for your business, you need to follow state and federal payment laws. Learn about pay frequency requirements by state and federal payday laws.
Read More Must-know Pay Frequency Requirements by State
New years are for new beginnings. And with a new year just around the corner, now’s the time to get your payroll squared away. When it comes to payroll, experienced employers and those just getting started can learn new tips to make payroll easier than ever. Read on for payroll tips to start your year […]
Read More 5 Basic Payroll Tips to Start the Year Out Right
With each payroll, you and your employees have to pay taxes. You collect and remit the money, but what are payroll taxes used for? What does the government do with that money?
Read More The Million Dollar Question: What Are Payroll Taxes Used For?
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?
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
Running a business has some indirect costs. These costs aren’t always apparent, which is why they’re the hidden costs of running a business. It’s important to keep track of your business’s indirect costs. And, you should know how your indirect costs compare to your direct costs. To do this, you’ll need to find your burden […]
Read More Do You Know How to Calculate Your Business’s Burden Rate?
Structuring your business as a limited liability company (LLC) can have great benefits, but filing small business tax returns can get confusing. Because LLCs take aspects of both corporations and partnerships, there is not a standard LLC form you will use. Learn about the different tax forms for an LLC.
Read More What Are the Federal Tax Forms for an LLC?
When pricing your products, you must consider the cost of making the product, including the direct costs. Find out below what direct costs are, including examples and how to calculate them.
Read More What Are Direct Costs?