When you run payroll, you must comply with payroll and labor laws. Brush up on payroll compliance legislation and common compliance mistakes so you can accurately run payroll without fear of penalties.
Read More Payroll Compliance Legislation and Common MistakesKaylee DeWitt
What Does An Income Withholding Order Mean?
In 2018, there were about 12.9 million custodial parents in the United States. Of those custodial parents, 49.4% had legal or informal child support agreements. As an employer, you might hire an employee at some point who has a child support agreement. If that happens, you might receive an income withholding order. If you do […]
Read More What Does An Income Withholding Order Mean?
Is Overtime Taxed Differently Than Regular Wages?
If you have nonexempt employees, you have to pay them overtime wages whenever they work overtime hours.
Read More Is Overtime Taxed Differently Than Regular Wages?
What Is a W-4 Form, and What Is it Used for?
When you hire an employee, you need to have them fill out new hire paperwork. One form you must have new employees fill out and keep in your records is Form W-4. So, what is a W-4 form? What is the purpose of Form W-4? Read on to find out the answers to these W-4 […]
Read More What Is a W-4 Form, and What Is it Used for?
Federal Withholding Allowances Still Axed, but Some State Allowances Live On
Withholding allowances used to be a way employees could adjust how much money employers take out of their paychecks for federal income tax. Although the IRS removed withholding allowances for federal income tax in 2020, they’re still out there—through pre-2020 W-4 forms and state income tax.
Read More Federal Withholding Allowances Still Axed, but Some State Allowances Live On
‘Tis the Season of Giving: How to Handle Holiday Gifts to Employees
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
What Is Quick Ratio? Learn How to Swiftly Calculate This Metric
Does your business have enough liquid assets to cover short-term liabilities in a pinch? To find out, you can use the quick ratio. Keep reading to learn the quick ratio definition, how to calculate your ratio, and more.
Read More What Is Quick Ratio? Learn How to Swiftly Calculate This Metric
7 Ways to Get Out of Business Debt
Taking on business debt can be a good thing. Debt can help you finance your business, purchase more items, and expand your offerings. But, there is a dark side to debt. Debt can become too much to handle and overwhelm your business. If your business doesn’t meet sales projections, its debt can get out of […]
Read More 7 Ways to Get Out of Business Debt
Do You Know How to Calculate Your Business’s Burden Rate?
Running a business has some indirect costs. These costs aren’t always apparent, which is why they’re the hidden costs of running a business. It’s important to keep track of your business’s indirect costs. And, you should know how your indirect costs compare to your direct costs. To do this, you’ll need to find your burden […]
Read More Do You Know How to Calculate Your Business’s Burden Rate?
What Are the Federal Tax Forms for an LLC?
Structuring your business as a limited liability company (LLC) can have great benefits, but filing small business tax returns can get confusing. Because LLCs take aspects of both corporations and partnerships, there is not a standard LLC form you will use. Learn about the different tax forms for an LLC.
Read More What Are the Federal Tax Forms for an LLC?
