If you have nonexempt employees, you have to pay them overtime, or time and a half, for any hours worked over 40 during the workweek. Learn all about time and a half, who qualifies for overtime, and how to calculate it.Read More What Is Time and a Half, and Who Qualifies for It?
Flexible work arrangements are becoming more and more popular in the business world. One type of flexible option for employees is job sharing. So, what is job sharing?Read More Can Job Sharing Benefit Your Small Business?
When it comes to your small business, you don’t want to be in the dark. Your accounting books should reflect how much money you have at your business. If you use double-entry accounting, you also record the amount of money customers owe you. But, what happens if they don’t pay? To protect your business, you […]Read More Learn All About Allowance for Doubtful Accounts (Aka Bad Debt Reserve)
There are a number of paid sick leave laws by state. To stay compliant, some employers have turned to third parties to handle sick pay. Do your employees receive third-party sick pay?Read More What Is Third-party Sick Pay?
Let’s face it: everybody makes mistakes. So, if you make a mistake on an employee’s Form W-2, don’t panic. Instead, learn how to correct a W-2 form and take action.Read More How to Correct a W-2 Form If You Make a Mistake
A sole proprietorship is the most common type of business structure. A whopping 73% of businesses in the U.S. are sole proprietorships. If you’re considering starting your own venture and forming a sole proprietorship, weigh the pros and cons of a sole proprietorship before making a decision.Read More What Are the Pros and Cons of a Sole Proprietorship?
Do your employees live in a different city than the one they work in? Does that city have local income tax? If so, you might consider implementing courtesy withholding to simplify your employee’s tax responsibilities.Read More What Exactly Is Courtesy Withholding?
When your business grows, you may need to hire additional employees. But, hiring more employees comes with additional responsibilities. Depending on the number of employees you have and some other factors, you may be responsible for filing an EEO-1 report. So … what is EEO-1, anyways?Read More What Is the EEO-1 Report, and Which Employers Need to File it?
To grow your business, you need to track financial information and measure performance. One metric you should be keeping an eye on is your business’s profit margin. Read on to learn how to determine profit margin for your company and ways to improve your margins.Read More How to Determine Profit Margin for Your Small Business in 3 Simple Steps
Ah, performance evaluation season. Some people love it. Others dread it. Whichever side you’re on, evaluations are essential for driving performance and motivating employees. If it seems like your performance evaluation process is falling flat these days, bring it back to life by pumping up your process.Read More 7 Tips to Pump Up Your Business’s Performance Evaluation Process