As a business owner, you might offer a variety of benefits to your employees, including health insurance and retirement plans. One option you can offer employees is an employee stock ownership plan (ESOP). Along with other benefits, ESOPs are growing in popularity for small businesses. According to the National Center for Employee Ownership (NCEO), as […]
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Author:
Michele Bossart
Independent Contractor Misclassification: How to Avoid
An estimated 3.4 million workers deal with independent contractor misclassification. It’s no secret that the IRS has strict policies in place to crack down on employers who misclassify contractors. So, how do you avoid misclassifying independent contractors?
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What Is a Not-for-profit Organization?
There are countless organizations and charities that work to help individuals or communities in need. These types of organizations are typically considered not-for-profits. Read on to find out what is a not-for-profit organization and how not-for-profits differ from nonprofit organizations.
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I Lost My PIN for EFTPS Payroll Deposits and Lived to Tell About It
Now that you’re making payroll tax deposits via the Electronic Federal Tax Payment System, you may wonder: “What happens if I lose that pesky EFTPS PIN number?”
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What to Do With a Form W-2 Returned to Employer
Every year, you are required to send Form W-2 to employees by the January 31 Form W-2 filing deadline. Hopefully, those forms will get to your employees. But, some forms might come back to you as undeliverable, especially if you have incorrect employee addresses on file. What should you do with Forms W-2 returned to […]
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Common W-2 Form Errors and How to Correct Them
Form W-2 errors are never a good thing. You may cause more work for yourself, delay tax returns and refunds for employees, and accumulate fines. You should carefully review information before you generate a W-2 form and send it to the Social Security Administration and your employees.
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What Is a Part-time Employee?
As a small business owner, you might not want to hire full-time employees for every position. You may decide to hire a part-time employee instead. What is a part-time employee?
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The Basics of Flexible Work Arrangements
Flexibility to balance work and life is a very important aspect of job satisfaction to 53% of employees. What are you doing to help employees improve their work-life balance?
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Bitcoin Payroll: Weighing the Pros and Cons for Small Businesses
Do you know how to pay employees? There are several methods, like checks, direct deposit, and … bitcoin? You have most likely heard of bitcoin or cryptocurrency while watching the news, reading a newspaper, or searching the internet. You may be asking yourself, What exactly is bitcoin? And, Is there such a thing as bitcoin […]
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What Is Form W-2?
As a small business owner, you should be able to answer “What is a W-2 form?” A W-2 form is a crucial document that reports an employee’s annual taxable wages and the amount of tax withheld from wages.
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