Before hiring a new employee, employers typically run background checks, or consumer reports, on the individual. The consumer report can reveal information like the applicant’s criminal and public records, as well as their credit report.
Read More What Is the Fair Credit Reporting Act?
The average rate of illness or injury at the workplace can affect employers’ insurance costs. With workers compensation insurance, experience rating modification allows a group of businesses to share the risk of undergoing a loss. While the entire group’s losses can be predicted quite accurately, it is difficult to forecast which group member will experience […]
Read More A Look at Experience Rating Modification
Withholding taxes from employee wages is all part of Payroll 101. But, what happens when an employee is exempt from withholding?
Read More What to Do When an Employee Is Exempt from Withholding
Are all of your employees eligible to receive overtime pay? Some employees are exempt from overtime pay and minimum wage laws. Exempt employee qualifications are determined by the Fair Labor Standards Act (FLSA). To run payroll correctly, you need to be familiar with exempt employees. What is an exempt employee?
Read More What Is an Exempt Employee?
When you have employees, you are responsible for paying them but not before taking out some money for payroll taxes. The IRS, Social Security Administration (SSA), and state and locality (if applicable) all require payroll tax withholding.
Read More The Basics of Payroll Tax Withholding
Part of your job as a small business owner is ensuring your employees have what they need to succeed. Sometimes that means you have to handle employee requests when you’re busy. At other times, employees ask for important paperwork last minute. But, what if you don’t want to handle certain employee requests directly? An employee […]
Read More Put HR in the Hands of Your Employees With Employee Self-service Portal
Employee leasing can offer advantages to small business owners. Instead of directly hiring workers, the client company hires the services of a professional employee leasing organization. Also known as a professional employer organization (PEO), the leasing agency oversees everything from recruitment to HR administration.
Read More What Is Employee Leasing?
Every business should follow a set of rules and procedures to keep operations running smoothly. As your small business grows, you will need a strong employee handbook to set expectations for employees. Knowing what to include in an employee handbook can help you better enforce your business’s rules and policies.
Read More What to Include in an Employee Handbook
You may have to file information returns like Form W-2 and Form 1099-NEC when you have employees, work with independent contractors, or meet other requirements. Some businesses must electronically file these returns with the IRS. There is an IRS electronic filing threshold that determines which companies must e-file.
Read More IRS Electronic Filing Requirements: Who Needs to E-file?
If you want to buy a car or house, open a bank account, or get a job, you need a Social Security number. An Employer Identification Number (EIN) is like that, but for your business. Many businesses need an EIN to operate. And if your business is one of them, you must know how to […]
Read More Your Step-by-step Guide on How to Apply for EIN, aka Employer Identification Number