Employers often have minors on their payroll. Children might work for you during the summer or after school. There are some important things you must remember when you hire children, such as child labor laws. You must also remember to withhold taxes from the wages of children on payroll.
Read More How to Handle Tax Withholding for Children on PayrollMichele Bossart
Paid vs. Unpaid Internships: What Are the Risks?
Offering internships can be a great way to partner with your local university to train future leaders in your field. But there’s a point of contention … paid vs. unpaid internships. So, if you’re using unpaid interns instead of putting them on your payroll, you may be running afoul of the law.
Read More Paid vs. Unpaid Internships: What Are the Risks?Common Form W-2 Errors (Like a Handwritten W-2)
Form W-2 errors are never a good thing. You may cause more work for yourself, delay tax returns and refunds for employees, and accumulate fines. You should carefully review each Form W-2 before you send it to the Social Security Administration and your employees.
Read More Common Form W-2 Errors (Like a Handwritten W-2)What Is Disposable Personal Income?
How much money do you really have to spend? What about your employees? To figure out your available spending money, you need to find your disposable personal income. What is disposable personal income?
Read More What Is Disposable Personal Income?What Is a Part-Time Employee?
As a small business owner, you might not want to hire full-time employees for every position. You may decide to hire a part-time employee instead. What is a part-time employee?
Read More What Is a Part-Time Employee?The Basics of Flexible Work Arrangements
Flexibility to balance work and life is a very important aspect of job satisfaction to 53% of employees. What are you doing to help employees improve their work-life balance?
Read More The Basics of Flexible Work ArrangementsUsing Bitcoin Payroll: Is It Worth It?
As businesses evolve, so do different types of payment methods for employees. You have most likely heard of bitcoin or cryptocurrency while watching the news, reading a newspaper, or searching the internet. You may be asking yourself, What exactly is bitcoin? And, Is there such a thing as bitcoin payroll?
Read More Using Bitcoin Payroll: Is It Worth It?What Is Form W-2?
As a small business owner, you should be able to answer “What is a W-2 form?” A W-2 form is a crucial document that reports an employee’s annual taxable wages and the amount of tax withheld from wages.
Read More What Is Form W-2?What Is the FLSA?
When you become an employer, you can’t always play by your own rules. There are certain federal, as well as state and local, standards you must follow. The FLSA is one set of federal regulations you need to know about and comply with. What is the FLSA?
Read More What Is the FLSA?Do You Need to File Form 940? If So, Here’s How
Did you employ workers at your small business this year? When you have employees, you need to handle employment taxes, like federal unemployment (FUTA) taxes.
Read More Do You Need to File Form 940? If So, Here’s How