When you own a small business, you make decisions to protect your company. Throughout the life of your business, you might need to seek advice or help from professionals. In some cases, you might entrust a fiduciary to manage assets or provide business advice. According to one poll, 27% of people don’t what a fiduciary […]Read More What Is a Fiduciary?
You know that spending less on business expenses like supplies and inventory can help you maximize your business’s profits. You can’t just eliminate those expenses; otherwise, you wouldn’t have anything to sell. But, you can possibly reduce how much you spend through wholesale buying. Wholesalers supply businesses with products in large quantities. Businesses that buy […]Read More A Guide to Start Buying Wholesale for Small Business
Business assets are items of value that significantly contribute to your small business net worth. You need to properly calculate, take care of, and record your business’s tangible assets. Learn about tangible assets below.Read More Your Go-to Guide to Understanding Tangible Assets
Overhead costs are necessary business expenses. You need them to run your business. You can never get rid of them, but you can reduce them. Discover types of overhead costs and how to calculate how much overhead you have.Read More What Are Overhead Costs? How Do You Calculate Them?
As a small business owner, you might not want to hire full-time employees for every position. You may decide to hire a part-time employee instead. What is a part-time employee? Find out what generally constitutes part-time hours, the advantages of hiring part-time employees, and rules you need to know.Read More What Is a Part-Time Employee?
Flexibility to balance work and life is a very important aspect of job satisfaction to 53% of employees. What are you doing to help employees improve their work-life balance? When employees are confined to rigid work hours or a single work location, some will search for a job with more flexibility. Some businesses can combat […]Read More The Basics of Flexible Work Arrangements
If you’re a small business owner, you might want a loan to help finance your company. Securing a business loan is not easy. You might need to offer collateral to get the loan application approved. What is collateral?Read More What Is Business Collateral?
Every year, you are required to send Form W-2 to employees by the January 31 Form W-2 filing deadline. Hopefully, those forms will get to your employees. But, some forms might come back to you as undeliverable, especially if you have incorrect employee addresses on file. What should you do with Forms W-2 returned to […]Read More What to Do With a Form W-2 Returned to Employer
Form W-2 errors are never a good thing. You may cause more work for yourself, delay tax returns and refunds for employees, and accumulate fines. You should carefully review each Form W-2 before you send it to the Social Security Administration and your employees. The only way to avoid mistakes is to know what they […]Read More Common Form W-2 Errors (Like a Handwritten W-2)
Are all of your employees eligible to receive overtime pay? Some employees are exempt from overtime pay and minimum wage laws. Exempt employee qualifications are determined by the Fair Labor Standards Act (FLSA). In order to correctly run payroll, you need to be familiar with exempt employees. What is an exempt employee?Read More What Is an Exempt Employee?