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 2022/2023
January 31, 2023, is the 1099 deadline applicable for Form 1099-NEC (Non-Employee Compensation). Copy A and B should be furnished to the IRS and contractors by January 31. The filing due date for other Forms 1099 & 1096 is February…
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Assets vs. Liabilities: Differences, Types & Examples
As a business owner, you should understand the fundamental difference between assets vs. liabilities. The more you classify assets and liabilities properly, the more you can take informed business decisions that can increase and sustain the profitability of your company,…
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ACA Deadlines, Penalties & Extension for 2022/2023
2022 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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W-2 Deadline, Penalty, & Extension for 2022/2023
The deadline for furnishing copies to employees, paper filing, or E-filing to SSA is the same i.e. January 31st, 2023. What is the W-2 Form deadline — Form W-2 is an annual payroll report that shows the amount of taxes…
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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…
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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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The Small Business Owner’s List of Federal Holidays 2022
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 list of…
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6 Time Management Tips to Grow Your Small Business
Peter Drucker once said — “Time is the scarcest resource and unless it is managed nothing else can be managed.” If you are running a business, always remember time is money. If you can’t manage your time wisely, you will…
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Celebrate Colorado Day with CheckMark
On August 1, 1876, President Ulysses S. Grant signed a proclamation admitting Colorado as a state. Colorado Day was celebrated as a state holiday on August 1 for many years, and then was moved to the first Monday in August,…
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Federal Minimum Wage by State – 2022 & 2023
The federal minimum wage for 2022 is $7.25 per hour. Some states and countries have raised their own minimum wages since it has not been increased since July 2009. The federal minimum wage rates below are for general informational purposes…
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