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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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 federal holidays…
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1099 Deadlines, Penalties & State Filing Requirements for 2021/2022
As the year 2022 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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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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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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ACA Deadlines, Penalties & Extension for 2021/2022
2021 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 2021/2022
The deadline for furnishing copies to employees, paper filing, or E-filing to SSA is the same i.e. January 31st, 2022. 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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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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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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