As your business grows, your payroll will likely increase, too. You’ll need more hands to keep up with business demand and operations. Payroll for growing businesses is exciting, but there are also new considerations you need to make.
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No Tax on Tips: How is Payroll Affected
July 8, 2025Tipped income can be confusing even under normal circumstances—and now, with a major tax change on the books, there’s more to unpack. Here’s what you need to know about tipped wages, how they’re taxed, and how the new law will shake things up starting in 2025.
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No Tax on Overtime: What to Know in 2025
July 8, 2025Tucked inside the massive One Big Beautiful Bill Act (signed on July 4, 2025), the new “No Tax on Overtime,” rule gives many hourly workers a reason to pay closer attention to their pay stubs. Retroactive to January 2025, eligible employees can deduct a chunk of their overtime earnings from their federal taxable income. The […]
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Research and Development (R&D) Tax Credit—Do You Qualify?
July 7, 2025Ready to invest in innovation within your business? If so, you could be eligible for a powerful incentive: the federal research and development (R&D) tax credit. The R&D tax credit is available to businesses that create or improve products, processes, software, or technologies.
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How to Start—and Get Funding—for Your Microbusiness
June 30, 2025Have you heard of a microbusiness? Even if you haven’t heard the term, you probably could list at least five microbusinesses off the top of your head. A microbusiness is a small business with fewer than 10 employees—think your local coffee shop, boutique, or food truck.
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Can I Handle Payroll In-house Without an Accountant? How Software Makes it Happen
June 25, 2025Payroll is a complex process that involves calculating wages, withholding taxes and deductions, and more. Because of its complexities, you may not know how to process payroll, in-house or using a third party. What’s the difference between in-house payroll vs. outsourcing?
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HRA vs. HSA: Which Is Better to Offer Your Team?
June 23, 2025In 2023, health spending increased by 7.5%. Most workers in the United States, 96%, believe a job should offer health insurance. There are several health benefits you can provide, including HRAs and HSAs. What’s the difference between an HRA vs. HSA?
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How to Create a Profit and Loss Statement
June 16, 2025A profit and loss statement is one of the most important tools you have in your business to determine profitability. Do you know how to create a profit and loss statement?
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Should You Get Payroll Insurance?
June 11, 2025If you have employees, payroll might be your largest expense. You may consider getting certain types of payroll insurance to protect payroll-related operations—and your business bottom line.
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Net Income vs. Gross Income: Know Your Business Profits
June 9, 2025Understanding how your business earns, and keeps, money is fundamental to financial success. You can look at gross income and net income to gauge business profitability. But what is the difference between net income vs. gross income? And why does it matter for your business?
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