The tax world is overflowing with funky-sounding acronyms, and FUTA might be the strangest one out there. You may be wondering, What is FUTA tax?
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What Are Fringe Benefits for Employees? Guide for Employers
May 16, 2025Employers often want to offer attractive compensation packages to bring in good employees. But, compensation goes beyond an employee’s hourly or salary wages. It also includes additional small business employee perks, known as fringe benefits. So, what are fringe benefits? And, what are the types of fringe benefits?
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How to Make a Journal Entry for Sales in Your Books
May 12, 2025Ten out of 10 businesses sell products or services. And when you make a sale, you need to record the transaction in your accounting books. How comfortable are you with making a journal entry for sales?
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Which Financial Statement Is Prepared First?
May 12, 2025Your business’s financial statements give you a snapshot of the financial health of your company. Without them, you wouldn’t be able to monitor your revenue, project your future finances, or keep your business on track for success. So which financial statement is prepared first?
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Should You Take Out a Payroll Loan If You Can’t Make Payroll?
May 12, 2025There might come a time when you don’t have enough money to pay your employees. Cash flow might be slow, or a three-paycheck month may surprise you. To help your business make ends meet, you might consider taking out a payroll loan.
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Visualize the Way You Pay Your Employees With a Payroll Process Flowchart
May 9, 2025According to a 2019 Bank of America study, 68% of small business owners think payroll is their most difficult management task. Do you? If so, an easy-to-digest payroll process flowchart can help you gain confidence in running payroll.
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What Are the Payroll Taxes Paid by Employer?
May 9, 2025You 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?
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Religious Accommodations in the Workplace: What Do You Need to Do?
May 9, 2025If you’re like most employers, you’re likely required to comply with equal employment opportunity (EEO) responsibilities. One responsibility you have under the EEO is providing religious accommodations in the workplace.
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Small Business Tax Preparation Checklist
May 9, 2025There are two types of people come tax time. You’ve got the ones who are excited and file their taxes on the first day they can. And, you’ve got the ones who moan and groan and file at the last minute. Which one are you?
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What Does It Mean When Something Is Paid in Arrears?
May 8, 2025You might extend credit to customers so they don’t pay right when they receive a good or service. When you invoice a customer, you include payment policy terms that detail when the money is due. You might bill in arrears, or the customer may pay in arrears. What does it mean when something is paid […]
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