All states except Montana are at-will employment states, meaning employers and employees can end their relationship whenever they want. Employees can leave at any time, and employers can terminate an employee for any legal reason. However, the rules change if there’s an employment contract in play.
Read More Want it in Writing? What to Know About an Employment Contract
Has your business experienced a disaster (e.g., tornado, hurricane, etc.)? If so, you may be eligible for the employee retention credit. But to claim the credit, you need to fill out Form 5884-A. Read up on credit eligibility, how Form 5884-A works, and how to fill one out for your business when a qualified disaster […]
Read More What Is IRS Form 5884-A for the Employee Retention Credit?
If you’re an S corporation owner, you need to run payroll for yourself. Part of S Corp ownership is listing yourself as an employee to pay yourself a salary. But, how do you run S Corp payroll? And, what do you need to know about the process before you write yourself your first paycheck?
Read More Running S Corp Payroll for an Employer’s Wages
Employer responsibilities are countless, and taxes are arguably the most important. You need to know which taxes to calculate and withhold from employees, how much to contribute as an employer, how to file employee taxes, and more.
Read More Ease Your Tax Burden: An In-depth Guide on Employment Tax Returns
As an employer, you’re responsible for keeping up with the latest tax news and withholding the correct amount of taxes from employee wages. One tax that you constantly need to keep up with is Social Security tax. So, how often does Social Security tax increase? Read on to learn how frequently the Social security tax […]
Read More How Often Does Social Security Tax Increase?
Company-sponsored life insurance is a pretty popular employee benefit. Eighty-five percent of organizations offer it, and 98% of employees with access to the benefit enroll. Thinking about offering group-term life insurance? Like any benefit, first understand employer tax responsibilities.
Read More Do You Offer Group-term Life Insurance? Here’s What That Means for Taxes
Like most employers, you likely had a lot of questions about the executive order payroll tax deferral. And now that you’re in the collection and repayment phase of the employee Social Security tax deferral, you probably have some more.
Read More Your Employee Social Security Tax Deferral & Repayment Questions, Answered
“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
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?