Like it or not, remote work is here to stay. Gone are the days when employees came into the office every day. Maybe an employee works in-person sometimes, but chances are you’ll have at least a few employees or contractors that work entirely remotely. In some ways, remote work can be easy and convenient. You […]
As a small business owner, you need to make decisions all the time. One of the most important decisions you’ll make is how and how much you’ll pay yourself. The law orders that you follow certain guidelines when it comes to compensation and income tax. However, you can exercise your own discretion in other matters, […]
Generating revenue is likely one of your company’s top goals. Part of that includes paying yourself as the business owner. However, the process doesn’t need to be overly complicated. Here’s how to make sure you get compensated for the time and effort you spend running your company. Owner’s Draw vs. Salary There are two ways […]
When it comes to running a small business, there’s one crucial aspect that you need to figure out — especially if you have employees. After all, payroll determines how you and your staff get paid! There are tips you can implement to make payroll more efficient. There are also strategies you can use to streamline […]
If you want your small business to grow, you will need to find employees you can trust to work with you. You can’t carry an expanding business alone! Hiring an employee is an opportunity to expand your team and invite others into your vision. While hiring employees lets you share the responsibilities of your business, […]
Employees and employers often use multiple payment methods depending on what works best. The traditional methods are direct deposit and check payments. Recently, employers have turned to payroll debit cards, also known as pay cards, which come with several advantages and drawbacks. If you’re an employee who wants to understand the fundamentals of a pay […]
Every small business begins with just one person or a small team creating a plan and developing a vision. If the company is going to keep growing, however, you eventually need to start expanding your team and invite someone new to join you in your work. Once your company starts to grow, you won’t be […]
Payroll taxes are an integral part of running a business. As an employer, paying employees properly is one of the most essential things that you can do. However, it isn’t as easy as it may seem. Here’s what you should know about the payroll tax return. What Are Payroll Taxes? Employers withhold payroll taxes from employee […]
