One word, two syllables. And completely unavoidable if you’re an employer. Ah yes, we’re talking about payroll. It’s a pretty common term in the workplace (Don’t forget to run payroll!). But, what is payroll exactly?
Read More What Is Payroll? The Employer’s Must-have Guide to Paying Employees
Author:
Mike Kappel
Mike Kappel, serial entrepreneur and CEO of Patriot Software, offers payroll advice from more than 30 years of experience to small business owners.
What You Need to Know About Supplemental Wages
Regular wages aren’t the only compensation you could provide to employees. You might also offer supplemental wages. Not sure what those are? Read on to learn what supplemental pay is and how it is taxed.
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The Employer’s Guide to Federal Income Tax Withholding
When you run a business, the word taxes might fill you with dread—especially if you have employees. You pay some employment taxes (e.g., unemployment), while others are taxes you deduct from your employees’ wages and pay on their behalf. One of the taxes you must withhold is federal income tax. So, what is it, and […]
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Offer Credit to Customers: The Pros and Cons
Offering credit to your customers can be a risky, but rewarding, endeavor. You need to weigh the pros and cons before you offer credit to customers.
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What Is a DBA, and Does Your Small Business Need One?
The name of your company plays a big role in your success. But, for many small businesses, legal structure limits what a business can be called. To use a name that interests consumers, you might need to register a doing business as (DBA) name. What is a DBA name?
Read More What Is a DBA, and Does Your Small Business Need One?
How to Organize Your Business Finances: Top 5 Effective Ways
The lifeblood of any business — large or small — is financial integrity. Efficiently managing your small business accounting can help determine your success. If you don’t know where to start, consider leveraging accounting software. By getting your finances in order, you will save a lot of hours, headaches, and dollars.
Read More How to Organize Your Business Finances: Top 5 Effective Ways
What Are Allowable Business Expenses for Your Small Business?
As a small business owner, you may run on a tight budget. Your business expenses might add up fast between equipment, inventory, overhead, and payroll. Luckily, many of your business expenses are tax-deductible. But, what constitutes an allowable business expense?
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What Is Depreciation?
For your small business, you might make some big purchases on items to keep you in operation. When it’s time to report your expenses for taxes, using depreciation in your accounting books could help you save money.
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Hiring a 1099 Subcontractor: Do Your Homework
As a small business owner, you might have considered hiring a 1099 subcontractor. In some ways, a subcontractor can give you more flexibility than an employee. Subcontractors are responsible for their own permits and payroll taxes.
Read More Hiring a 1099 Subcontractor: Do Your Homework
What Is a CPA? | Overview
If you are in business, you have likely considered using an accountant or a CPA to handle certain aspects of your business finances. But did you know that not every accountant becomes a CPA?
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