Do you daydream about working with family members? You may consider hiring your child if you’re a small business owner. That way, you can show them the ins and outs of your business and the importance of hard work. At the same time, you gain an extra set of hands to get tasks done (win-win-win!).
Read More How to Employ Your Child: 10 Tips for Keepin’ It in the FamilyKaylee DeWitt
The Basics of Revenue in Small Business
Revenue is a vital part of your business. Your business needs revenue to survive. So, you must understand revenue. Below you will learn what revenue is, why revenue is important, how to calculate it, and how to increase it.
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Partnership Advantages and Disadvantages
If you’re starting a business and have one or more partners, it might seem obvious to form a business partnership. This is a business structure that allows you and at least one other person to both have ownership of the business. Even though forming a business partnership might make sense, it’s not your only option. […]
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Salary vs. Hourly: Which Should Your Employees Be?
Determining how to pay employees can be difficult. Not only do you have to determine how much to pay employees, you also have to decide if you will give employees a salary or hourly wages.
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How to Set up Direct Deposit Payroll for Employees in 6 Steps
With direct deposit being the most popular payment method for employees, you may decide to jump on the bandwagon at some point. But if you’ve never paid employees via direct deposit before, you probably have a few questions about the direct deposit setup process. To ensure your direct deposit is ready to roll, learn how […]
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Printing Payroll Checks: How to Print Payroll Checks in 5 Simple Steps
As an employer, you have different options to choose from when it comes to paying employees. One option you have is to print payroll checks. Printing payroll checks comes with a few decisions, like purchasing supplies and selecting a check layout. Learn what steps you need to take to get your employees’ wages from computer […]
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How to Do Payroll Yourself: A Quick and Comprehensive Guide
If you’re thinking about hiring employees, you need a plan for payroll. But with the added expense of wages and benefits, you might not be too keen on the high price tag that comes with outsourcing payroll. Fear not—you can learn how to do payroll yourself.
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Independent Contractor vs. Employee Classification
Here’s a payroll question: How do you differentiate between employees and independent contractors? It all depends on the relationship between the potential employer and the worker, as outlined by the 2024 DOL contractor rule.
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What to Do When an Employee Is Exempt from Withholding
Withholding taxes from employee wages is all part of Payroll 101. But, what happens when an employee is exempt from withholding?
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How to Handle Pay and Employment Issues When You Hire Remote Workers
Remote work is becoming more common. If you hire remote workers who work in a different state than where your business is located, you need to know how to handle pay and employment issues.
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