Non-taxable wages are wages given to an employee or individual without any taxes withheld (income, federal, state, etc.). However, most wages that you pay out to your employee(s) are taxable. So when are wages non-taxable? The IRS definition of a non-taxable wage and other tax-exempt income is fairly narrow. (Please note that there are exceptions […]
Read More What Is Non-Taxable Income?
“How do I do payroll?” That’s probably not the first question you asked when you decided to start a business, it probably wasn’t even your 50th question. But if you’re going to hire employees, you will need to know how to do payroll.
Read More 6 Great Ways to Learn Payroll: Tips for Small Business Owners
Have you ever seen that tiny box on a W-2 form for statutory employees? Have you wondered, What is a statutory employee? If so, you’re not alone. Many employers without statutory employees aren’t entirely sure what this classification means. But at one point, you may need to hire a statutory employee.
Read More What Is a Statutory Employee?
If you have ever seen the TV show The Apprentice or the movie The Internship, you know how common an apprenticeship or internship is in popular culture. But, do you know why these positions can be helpful to your small business? They aren’t only beneficial to workers. Employers benefit from having an apprentice or intern […]
Read More Apprenticeship vs. Internships: Differences, Benefits, and More
You might be familiar with apprenticeships but not realize how many industries depend on them to thrive. Did you know that apprenticeships are becoming increasingly popular in the United States? You can create apprenticeship programs at your small business, too!
Read More What Is an Apprenticeship, and How Does it Work?
Heads up: Congress recently passed the Infrastructure Investment and Jobs Act, which President Biden signed on November 15, 2021. The new expiration date of the ERTC is September 30, 2021 for most businesses. Along with other COVID-19 relief measures, the Employee Retention Credit (ERC) took the world by storm in 2020 and 2021. Eligible employers […]
Read More Employee Retention Credit Owner Wages: Do They Count for the Credit?
As a business owner and employer, you need to know about the Department of Labor (DOL), labor laws, and more. That’s a lot of information to remember. Plus, you might have questions. Specifically, you might be asking, What does the Department of Labor do? And, you may be wondering how the DOL’s laws impact you […]
Read More What Does the Department of Labor Do?
At some point or another, you may find yourself looking to bring a new employee on board. But before you can find a picture perfect candidate for the job, you need to learn more about posting job openings. Read on to learn the do’s and don’ts of getting the word out about an open position […]
Read More The Do’s and Don’ts of Posting Job Openings for Your Business
If you’ve seen a recent Form W-4 (i.e., 2020 and after), you know the IRS removed personal allowances. But, some states still use personal allowances on the state W-4 forms.
Read More Personal Allowances: What Employers Should Know Inside and Out
Here’s a fun little employer riddle: an employee receives a day of holiday pay during a week they already worked 40 hours. Does that employee get overtime? To answer that, you need to know the rules on holiday pay and overtime in same week.
Read More Holiday Pay and Overtime in the Same Week: How to Handle