You know that little line at the bottom of your receipts and invoices that says Sales Tax? As a business owner, it’s not your responsibility to pay it out of pocket. But it is your responsibility to collect and remit sales tax. If you don’t know how to pay sales tax for small business to […]
Read More You’ve Collected it … Now What? How to Pay Sales Tax for Small BusinessRachel Blakely-Gray
What Is My State Unemployment Tax Rate?
Running payroll means staying on top of your employment tax responsibilities. In addition to withholding income and payroll taxes from employee wages, you must contribute employer taxes. Unlike some other taxes, state unemployment taxes do not have a standard rate. Read on to answer, What is my state unemployment tax rate?
Read More What Is My State Unemployment Tax Rate?States With Paid Family Leave (+ Map & Chart)
In 2020, eligible employees in every state could receive paid family leave … temporarily, under the Families First Coronavirus Response Act. But outside of this expired emergency legislation, there are only a handful of states that require paid family leave.
Read More States With Paid Family Leave (+ Map & Chart)New W-4 Form: Withholding Allowances Still Out, Plus New Computational Bridge
In 2020, the IRS released the long-awaited new W-4 form, shaking up how employers handle income tax withholding. Because the IRS only made the new form mandatory for new hires and employees making Form W-4 changes, some employers might be unfamiliar with it.
Read More New W-4 Form: Withholding Allowances Still Out, Plus New Computational BridgeUpdates to the Income Tax Withholding Tables and What You Need to Know
Like past years, the IRS released changes to the income tax withholding tables for 2021. Use these updated tables to calculate federal income tax on employee wages in 2021. In addition to the annual tax rate and bracket changes, there is also a new, optional computational bridge.
Read More Updates to the Income Tax Withholding Tables and What You Need to KnowLooking to Expand? Here’s How to Open an Online Store for Your Brick-and-mortar
It’s no secret that there’s been an increasing shift towards digital buying, which COVID-19 helped further speed up. So if you want to digitize your brick-and-mortar, learn how to open an online store.
Read More Looking to Expand? Here’s How to Open an Online Store for Your Brick-and-mortarPaycheck Protection Program: How to Apply for a Forgivable Loan During COVID-19
Does your small business need financial assistance as a result of the coronavirus pandemic? If so, one of the biggest federal initiatives for small businesses is the Paycheck Protection Program.
Read More Paycheck Protection Program: How to Apply for a Forgivable Loan During COVID-19Desperate for a Startup Payroll System? Here’s What to Look For
Financing. Choosing a business structure. Hiring employees. Getting licenses and permits. As you cross these tasks off your business startup checklist, you might begin to lose a little momentum. And then you see—towards the bottom of your list—Set up a payroll system…
Read More Desperate for a Startup Payroll System? Here’s What to Look ForMemorize These Types of Accounts in Accounting
You’ve heard about debits and credits. You know they increase and decrease certain accounts. But, how much do you know about the accounts they affect? There are five types of accounts in accounting.
Read More Memorize These Types of Accounts in AccountingHow to Fill Out Form W-2: Box-by-box Breakdown
Once you send Forms W-2 to your employees, you don’t have to worry about the annual form until next year. Or, do you? If you don’t know how to fill out Form W-2, you may run into problems.
Read More How to Fill Out Form W-2: Box-by-box Breakdown