Most business owners are familiar with their minimum wage responsibilities. But if you take on a federal or state government contract, you also need to know about prevailing wages. What are prevailing wages?
Read More What Are Prevailing Wages?Payroll Articles
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Unemployment Rates by State, and What it Means for Your Business
Businesses. Workers. Investors. The government. Everyone uses the unemployment rate to measure how well the economy is doing. You might keep an eye on the national rate, but what about unemployment rates by state?
Read More Unemployment Rates by State, and What it Means for Your BusinessForm 3508, 3508EZ, or 3508S: Which Version Should You Use for PPP Forgiveness?
Small business owners have certainly been through the ringer in 2020. The Paycheck Protection Program (PPP) was a lifeline many business owners were willing to grab, but there were some strings attached. Complicated rules and unanswered questions left many people scrambling.
Read More Form 3508, 3508EZ, or 3508S: Which Version Should You Use for PPP Forgiveness?Here’s What You Need to Do If You Have Out-of-state Remote Workers
Shuttered businesses. Major updates for compliance with COVID-19 regulations. Quarantine fatigue.
Read More Here’s What You Need to Do If You Have Out-of-state Remote WorkersWhat Is FICA Tax, and How Much Is It?
As an employer, you’re in charge of paying your employees … and handling those pesky employment taxes. One of the taxes you need to calculate and withhold is a payroll tax known as FICA. What is FICA tax?
Read More What Is FICA Tax, and How Much Is It?What Is an ABA Number?
ABA numbers are unique numbers assigned to financial institutions to allow funds transfers between different banks. Although this practice is also prevalent in other countries, the nine-digit format is unique to the United States. ABA numbers are known by several other terms, namely Routing Transit Numbers (RTN), ABA Transit Numbers, and ABA Routing numbers.
Read More What Is an ABA Number?A Look at Experience Rating Modification
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 ModificationDrafting a Sick Time Policy for Your Small Business
Does your business offer sick time to employees? One study showed that having a paid sick time policy can help reduce turnover by 50%. If you want to attract and retain top talent, boost productivity, and reduce the spread of sickness in your workplace, consider drafting a sick time policy for small business.
Read More Drafting a Sick Time Policy for Your Small BusinessIs a PEO Worth the Cost for Your Business?
You might have heard about PEOs and wondered what they could do for your small business. They offer a lot of benefits, but they come at a price. So, what is a PEO? Is it a good option for your business, or is there a better option out there?
Read More Is a PEO Worth the Cost for Your Business?Your Step-by-step Guide on How to Apply for EIN—aka Employer Identification Number
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 apply […]
Read More Your Step-by-step Guide on How to Apply for EIN—aka Employer Identification Number