True or false: As an employer, you can pay employees any amount you want. False. It’s 100% false. Why? Because of minimum wage law.Read More A Detailed Overview of Federal, State, and Local Minimum Wage Law
Looking to offer your employees an additional benefit? Consider creating a profit-sharing plan. But before you run off and create a plan, you need to know what is profit sharing. Read on to learn all about profit sharing, including how it works and steps for creating a plan of your own.Read More What Is Profit Sharing, and How Can it Benefit Your Business?
Dun, dun, dun! If you’re unfamiliar with what is a DUNS number, now might be the time for a quick overview. Otherwise, you might not know if you need one for your business.Read More What Is a DUNS Number?
You know what they say, “For every minute spent organizing, an hour is earned.” And when it comes to accounting, taking time to get organized can save you a number of hours later … not to mention, money. That’s why you need your trusted organizational accounting tool, aka your chart of accounts (COA). What is […]Read More What Is a Chart of Accounts?
Your alarm clock goes off, you roll over to get ready for work, but then … ugh. You just can’t do it because you’re too sick. Ever have one of those days? Your employees have, too.Read More What Is Sick Pay?
Do you need to withhold money from employee wages beyond taxes (e.g., garnishments or benefits)? Then you might be wondering when exactly you deduct the employee’s contributions—before or after taxes. Well, it depends. For accurate withholding, understand what are pre-tax deductions.Read More What Are Pre-tax Deductions?
When it comes to health coverage, there are a lot of options out there. FSAs and HSAs are healthcare plans that cover medically-related expenses not included under a traditional health plan. Do you know the difference between HSA vs. FSA?Read More HSA vs. FSA: What’s the Difference? (+ Quick Reference Chart)
As an employer, you can offer small business retirement options, like 401(k) plans, to your employees. But when it comes to 401(k) options, it isn’t just a one and done type of deal. There are a few different types of 401(k) plans to choose from.Read More What Are the Different Types of 401(k) Plans to Choose from?
There are a number of options when it comes to paying workers. Have you considered using direct deposit to pay your employees? A lot of other employers have. In fact, nearly 94% of employees receive their paycheck via direct deposit.Read More What Are the Benefits of Direct Deposit?
Do you want your business to make a profit? Duh, of course you do! But when you’re starting out, it may take a few years before you enter profit territory. And after you start making a profit, you may be at the break-even point for a while. So, what is the break-even point?Read More What Is the Break-Even Point, and How Do You Calculate It?