The Department of Labor recovered $304 million in unpaid wages in 2018 due to wage violations. Employers who use illegal payroll practices not only owe back the money they “steal” from employees, but they’re also subject to hefty penalties. Plus, these businesses lose the trust of their workers and harm their employer brand. Continue reading “For the Love of Your Small Business: 11 Wage Violations You Need to Avoid”
Is your business structured as a partnership or multi-member LLC? If so, you must file Form 1065 annually. Read on to learn what is Form 1065 and what kind of information you need to fill it out. And, find out how to file the tax form, including where to send it and when it’s due. Continue reading “What Is Form 1065?”
You know that you’re responsible for managing payroll for your employees. You’re also likely familiar with payroll withholdings, including taxes and non-tax deductions. But, what about your employer payroll liabilities? Do you know what the payroll taxes paid by employer are? Continue reading “What Are the Payroll Taxes Paid by Employer?”
Unless you want IRS penalties and audits, you know you have to do it. Without it, you wouldn’t know your business’s financial health. Your business decisions would be shots in the dark. We’re talking about accounting, of course. Continue reading “Why Is Accounting Important in Business?”
On the hunt for new talent? Great! But when it comes to the hiring process, there are quite a few things you need to keep in mind. One of those things includes questions you cannot ask during an interview. Continue reading “Questions You Cannot Ask During an Interview”
Your business is unique. It’s one of a kind. Without you, it would cease to exist. But wait, why’s your business’s name on an email you didn’t write? Why are customers upset with something “you” said that you didn’t say? Unfortunately, there are only three words to describe these two scenarios: Business identity theft. Continue reading “Business Identity Theft: Fighting it Off and Fighting Back When it Strikes”
When you hire new employees, you need to collect information to verify employment eligibility and run payroll. Federal Forms W-4 and I-9 are just the beginning when it comes to new employee forms. You may also need to collect state-specific forms, including your state’s W-4. What is the state W-4 form? Continue reading “Don’t Forget to Collect State W-4 Forms from New Hires”
For many businesses, the hustle and bustle of holiday shopping has come to a close. You’ve probably noticed a decrease in customer sales and an increase in returns and exchanges. But fear not. This just means that it’s time to give your post-holiday sales some love. Continue reading “7 Tips for Giving Your Post-holiday Sales a Boost”
Mistakes happen, especially when it comes to recording transactions in your books. One type of accounting mistake that’s easy to make is a transposition error. Read on to learn what is transposition error and how it can affect your accounting books. Continue reading “Transposition Error, the Little Mistake That Causes Big Problems”
Obtaining certifications can open a lot of doors for professionals. But, what about a certification for your business? What kind of benefits come from obtaining a small business certification? What kind of certifications are even out there? Continue reading “Small Business Certification: What Can the SBA Do for Your Revenue?”
