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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Latest Posts
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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Federal Minimum Wage by State – 2019 & 2020
The federal minimum wage for 2019 & 2020 is $7.25 per hour. Some states and counties have raised their own minimum wages since it has not been increased since July 2009. Note: The federal minimum wage rates below are for…
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What is Compensation? – Definition, Importance, Types, FAQs & Plan
Compensation is one of the leading expenses for any small business. Before we learn the importance and types of compensation, we’ll learn what is compensation? Definition of Compensation Compensation is the remuneration awarded to an employee in exchange for their…
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Margin vs Markup: The Definitive Guide for Business Owners
Margin vs markup: Is there a difference? Absolutely. Margin and markup are two important accounting terms that are used interchangeably by business owners, contractors, employees, consultants, etc., in their accounting but a slight misunderstanding or confusion can have a drastic…
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What is Form W-4 and How to Fill It Out in 2019
What is Form W-4? Form W-4 also known as Employee Withholding Allowance Certificate is an IRS form, which every employee needs to complete to let their employer know how much federal income tax to withhold from each paycheck. Your employer…
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ACA Deadlines, Penalties & Extension for 2019/2020
2019 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 requires…
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World Backup Day is Here – Are You Prepared?
March 31st is World Backup Day. It is celebrated to remind people and business owners to protect their data by backing the files and checking restores to avoid looking like a fool on April Fool’s Day. Why you need protection?…
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The Best Payroll Software for Small Business in 2020
If you are searching for the best payroll software for small business in 2020, this article will guide you in the right direction by helping you save time, money and effort in the long run. Being a responsible small…
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