Getting Started Payroll is an essential component of every business, large and small. Once you have made the decision to hire your first employee or employees, it is inevitable that you know how to do payroll properly. However, the truth…
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1099 Deadlines, Penalties & State Filing Requirements for 2020/2021
As the year 2021 approaches, the 1099 deadlines will loom closer. Being a responsible employer, it’s important to prepare and issue 1099s to the recipients, and file them to IRS responsibly without any delay. 1099 tax form, referred to as…
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ACA Deadlines, Penalties & Extension for 2020/2021
2020 is about to end and employers will once again need to shift their focus to ACA compliance. As a responsible employer, you must know the ACA deadlines to stay compliant with the IRS mandate. The Affordable Care Act…
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W-2 Deadline, Penalty, & Extension for 2020/2021
What is the W-2 Form deadline — Form W-2 is an annual payroll report that shows the amount of taxes withheld from the employees’ paycheck for the year and is used to file federal and state taxes. As 2020 draws…
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How to File 1099 MISC for Independent Contractor
Wondering how to file 1099 MISC? Filing 1099s is pretty straightforward if you know how to do it correctly i.e. according to the guidelines prescribed by the IRS. However, for your convenience, we have created this resourceful guide, which will…
Read moreThe Small Business Owner’s List of Federal Holidays 2020
When you are running a small business, whether it is a restaurant or a recreation park, sometimes holidays will be the prime day for your business. This means you can’t just give time off to your employees on federal holidays…
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How Many Pay Periods are in a Year?
If you are just starting out your business and planning to hire employees, your initial task on the checklist will be setting up a payroll system, classifying employees, and selecting pay periods i.e. determining how often you want to pay…
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A 4-Step Action Plan to Improve Your Organizational Skills Based on the KonMari Method
Ever since Marie Kondo introduced her unique way of tidying up, the KonMari Method has become the gold standard of organizing. However, the organizational techniques she teaches aren’t only applicable to physical things and spaces. Her methods can also help…
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Understanding How Biweekly Pay Works – The Complete Guide
When setting up a payroll system for your small business, one of the first and most important decisions you must make is to decide the pay frequency for paying your employees – weekly pay, biweekly pay, semi-monthly pay or monthly…
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100+ Motivational Quotes to Inspire Small Business Owners & Entrepreneurs
Being a small business owner or entrepreneur is tough and challenging. Every day is a new day, a new challenge, a new adventure, a new opportunity. To deal with highs and lows, ups and downs of entrepreneurship, to keep your…
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A Simple 8-Step Guide for Starting a Small Business
The idea of starting a small business is undoubtedly daunting and challenging for the first-time business owners or entrepreneurs – but if you have passion and determination along with a good idea/concept, a strong work ethic, and a good set of reliable…
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