If you’re self-employed, you need to have a game plan when it comes to payroll. Self-employed individuals are responsible for withholding and remitting different taxes than other workers. If you want to ensure you’re compliant, learn more about self-employed payroll.
Read More Self-employed Payroll: Paying Yourself When You’re the Boss
If you’re becoming an employer or already have employees, you must learn how to do payroll. Handling payroll is an important employer responsibility with many steps. Familiarize yourself on how to do payroll by learning about what payroll information you need to gather and the steps you need to follow to pay employees.
Read More How to Do Payroll: Your Step-by-step Guide on Paying Employees
It’s easy to make mistakes, especially when you have a million and one things on your plate. One error you could make is deducting the wrong amount from employee wages. Correcting employment taxes is necessary if you withhold too much or too little from your employees’ paychecks.
Read More Correcting Employment Taxes: What to Do If You Withhold the Wrong Amount
When you have employees, your responsibility isn’t just to pay them. You also need to pay the IRS their share, too. How often you pay the IRS depends on your payroll tax deposit schedule. But, not all employers follow the same schedule. Your schedule, and thus payroll tax deposit due dates, depends on the type […]
Read More What’s Your Payroll Tax Deposit Schedule? If You’re Not Sure, Read This
If you have employees, you have responsibilities, one of which is to obtain a Federal Employer Identification Number (FEIN). But, that’s not the only identifying number you need. More than likely, you also need a state tax ID number.
Read More State Tax ID: What Is It, How to Apply, & Beyond
Your business might offer sales and seasonal offerings whenever a holiday rolls around. Or, you could decorate your office, retail space, or remote work location with some festive cheer. No matter how you celebrate the holidays, don’t forget to celebrate your employees, too. Holiday parties, gifts, and bonuses are great opportunities to give back to […]
Read More ‘Tis the Season of Giving: How to Handle Holiday Gifts to Employees
Want to encourage employees to sport your company’s apparel? Or, looking for an employee benefit that’s appealing to new hires? You may consider offering employee discounts. Employee discount programs for small business come with several business benefits, like increased retention and sales. But before offering them, understand what qualifies as an employee discount and whether […]
Read More Optimizing Employee Discounts: A Comprehensive Guide for Small Businesses
Tracking employee attendance can help you reduce employee absenteeism and manage employee benefits like sick leave and overtime wages. There are plenty of reasons to track employee attendance. Read on to learn what is employee attendance tracking and ways to track employee attendance.
Read More Knock, Knock. Is Your Employee There? Tracking Employee Attendance
Of course, you want to trust the people you hire to work at your small business. But sometimes, you get a bad apple.
Read More 5 Employee Theft Prevention Tips
As an employer, you’re responsible for many different payroll taxes, including FUTA tax (aka, federal unemployment tax). But in some cases, you may not be responsible for paying FUTA tax. In fact, some businesses are exempt from the tax altogether. Get to know all about FUTA tax exemption and whether or not your business has […]
Read More “Do I Need to Pay That?” All About FUTA Tax Exemption