According to a recent study, one out of every 10 workers is an independent contractor. With so many contractors making up the workforce, you’re bound to work with or hire one at some point. Hiring contractors can be beneficial to your business. But if you’re going to be working with independent contractors, you need to […]
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Maria Tanski-Phillips
How to Balance Your Cash Drawer Like a Boss
Balancing your cash drawer is an essential part of your business’s daily routine. Just like brushing your teeth, you should also be balancing your cash register drawer daily. If you’re struggling to balance your cash drawer, you’re not alone. Read on to learn how to balance your cash drawer as well as tips and tricks […]
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How Familiar Are You With the Different Types of Liabilities in Accounting?
As a business owner, incurring debts is inevitable. In fact, the average small business owner has $195,000 of debt. Chances are, you have some kind of debt at your business. And if you have debt, you have liabilities. Read on to learn all about the different types of liabilities in accounting.
Read More How Familiar Are You With the Different Types of Liabilities in Accounting?
Do You Know How Temporary vs. Permanent Accounts Differ?
As a business owner, you are likely familiar with certain accounting accounts, like your assets or expense accounts. But did you know that each account can also be labeled as a permanent or temporary account?
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What Is Economic Nexus, and Does it Impact Your Business?
As a business owner, you have likely heard of the term sales tax before. Heck, you might have even heard about sales tax nexus before. But, have you heard of economic nexus? If you have in-person or online sales, it’s time to listen up and learn about economic nexus. Read on to learn what is […]
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What Is Washington Labor and Industries?
If you’re an employer, you are responsible for handling payroll taxes for your employees. And on top of your payroll responsibilities, you might also need to get workers’ compensation coverage. Washington state employers needing to get workers’ compensation must learn about Washington Labor and Industries regulations, exemptions, and rates.
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Exploring Employer Rights Under the Family and Medical Leave Act (FMLA)
With so many details and rules, the Family and Medical Leave Act (FMLA) can easily puzzle employers. You have to know your employees’ FMLA rights as well as your own. So, what are your employer rights under FMLA?
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What Is a POS System, and How Can It Improve Your Day-to-day Operations?
According to one source, over 60% of small businesses don’t have a point of sale system in place. Does your business fall into 60%+? If so, your small company could be missing out on a smoother system and in-depth sales reports.
Read More What Is a POS System, and How Can It Improve Your Day-to-day Operations?
Welcome to Your Go-to G&A Expenses Guide
Part of being a business owner is dealing with all kinds of expenses. One of the expenses you incur and manage are general and administrative (G&A) expenses. Never heard of G&A expenses? Need a brief refresher? Here’s the rundown on what is G&A and how it works in your business.
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Minnesota Wage Theft Law: Employer Obligations You Can’t Ignore
Most Minnesota employers accurately pay their employees. However, some purposely withhold wages from their employees. These employers are committing wage theft.
Read More Minnesota Wage Theft Law: Employer Obligations You Can’t Ignore