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Do you have employees at your business? If so, you need to be aware of overtime pay laws and how they can affect your business. The Fair Labor Standards Act (FLSA) established overtime pay rules, along with minimum wage, child labor laws, recordkeeping, and more. Take a look at the overtime pay laws you need […]
Read More Overtime Pay Laws Every Business Owner Needs to Know
You’re motivated about your business. You came up with the idea, started the company, made sales, and set small business milestones for the future. You have that passionate fire to keep your business alive and prospering.
Read More 10 Great Ways to Motivate Employees
You know by now that running your own business doesn’t mean you sit around as stacks of cash come flooding into your office. Being a business owner means being busy nonstop to keep up with operations. Since running a business is your full-time job, you need to know how to pay yourself from your business.
Read More How to Pay Yourself from Your Business There’s nothing like starting your own small business. Being your own boss means you choose how to run things, and it lets you see your ideas come to life. But, you have a million and one things on your plate. You might decide to hire new employees to streamline business operations. When you become an […]
Read More How to Manage Payroll for Small Business Owners
For identification and tax reporting purposes, both employers and workers need Taxpayer Identification Numbers (TINs). These numbers let the IRS identify you when you fulfill your reporting and filing requirements. One Taxpayer Identification Number you should know about is the ITIN. What is an ITIN?
Read More What Is an ITIN?
Do you want to give your employees paid time off from work? If you choose to offer paid vacation days as an employee benefit, you might not know how many to provide. To stay competitive, take a look at the national average vacation time.
Read More Use the Average Vacation Time to Build Your Business’s Policy
Keeping track of your expenses is part of being a business owner. You probably heard it said that you need a separate business bank account in addition to your personal bank account. But, you might not be familiar with a payroll account. What is a payroll account, and should you consider opening one for your […]
Read More Should You Consider Opening a Payroll Account for Your Small Business?
If you have sales staff, you might pay them commissions. Paying employees with sales commissions can incentivize employees to make more sales. While commissions can get employees to sell more, employees aren’t guaranteed steady pay. To give your sales staff more financial stability, you can use a draw against commission system.
Read More What Is a Draw Against Commission?
Your small business has many options to run payroll. You could run payroll yourself or you can outsource it. Outsourcing payroll to a payroll software can be a great benefit for your business.
Read More Everything You Should Know About Outsourcing Payroll to Online Software
Losing employees can be devastating for your small business. Employee turnover can drain workplace morale and cost you time and money finding replacements. What’s even worse is having to fire an employee. Read on to find out the cost of firing an employee.
Read More There’s More to the Cost of Firing an Employee Than Meets the Eye