Whether you are starting a new venture or looking to get a clean slate with the way your existing small business payroll is executed, there are some primary steps that will be crucial to any small business payroll process being done correctly and efficiently. No matter your industry, here is how you set up payroll… Read more about Small Business Payroll Setup 101
This month, we feature articles discussing the importance for corporations to keep a record of all of their meetings and decision making processes, more on paid sick leave, and reasons why an S Corp should keep meeting minutes even if they’re not required by law to do so.
Fun fact The first book on double-entry accounting was written in 1494 by Italian mathematician and Franciscan friar Luca Bartolomeo de Pacioli. Although double-entry bookkeeping had been around for centuries, Pacioli’s 27-page treatise on the subject has earned him the title “The Father of Modern Accounting.
Fun Fact – Due to a strange law in America, importing toys resembling humans are taxed higher than those that do not. Marvel successfully argued in court that because their X- men action figures are mutants, they should be exempt from such taxes.
Tax season is stressful for everyone. But if you work in payroll, human resources (HR) or are a small business owner, it is especially stressful. And the last thing you want to deal with is the chaos that ensues after getting duped by payroll scams. Unfortunately, this time of year scammers are primed to take… Read more about Popular Payroll Scams to Watch Out for During Tax Season
With every paycheck comes two different types of payroll deductions, along with other deductions that vary for each individual. The two consistent types of payroll deduction include federal withholding and state/local withholding. These deductions are taxed at different rates based on your employer, state, or taxable income. For instance, seven states have a flat tax… Read more about Different Types of Payroll Deductions (Infographic)
The confetti has settled, the firework embers cooled, and the steam off the small business is beginning to bellow. Things are in full swing for 2017. We hope you’ve had a wild and crazy Christmas and New Year season, or a calm and peaceful one if that’s what suits you better. Either way, we know… Read more about Top 4 Challenges Businesses are Facing in 2017
Whew! 2016 is almost over and 2017 is knocking at the door. How’s your head feel? Tired, I bet. Well, you’ve earned it! You’ve worked hard this year. Some ups, some downs; hopefully more of the former than the latter. Either way, a new year is here and it’s time to start thinking of your… Read more about Accounting and Payroll Solutions for 2017