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…
Read more
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…
Read more
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…
Read more
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…
Read more
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…
Read more
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?…
Read more
CheckMark is pleased to announce the release of 2019 updates for all of our software products. We are committed to bringing you new ways to make the most of your time with features that will change the way you manage…
Read more
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…
Read more
Form W2 is a multi-part standard tax form that an employer must send to the employees as well as the Internal Revenue Service (IRS) at year-end. The form contains employee’s annual wages, Social Security earnings, Medicare earnings, and federal and…
Read more
Being a small business owner, yeah we get it… you wear multiple hats during your workday. And, you may be in love with most of the activities too. But, what is the one activity that a small business owner hates…
Read more