Worried that your company is going under? If you’re struggling with large amounts of business debts, it might be time to consider your small business bankruptcy options.Read More Making Heads and Tails of Small Business Bankruptcy
Running a business means meeting a lot of government requirements and following a number of laws. One of the first things to do when starting your business is apply for an FEIN. But, what is an FEIN? And, do you have to have one? Keep reading to learn the answers to these questions and more.Read More What Is an FEIN? What to Know When Starting a New Business
As a small business owner, your doors likely aren’t open 24/7. And if you’re like most businesses, you might be closed on federal legal holidays like Thanksgiving or Christmas. According to the Bureau of Labor Statistics, the average full-time employee receives approximately 7.6 paid holidays annually.Read More How Familiar Are You With Federal Legal Holidays?
Do you enjoy contributing to your favorite nonprofit organizations? If your business makes charitable donations, you’re automatically eligible for the joy of giving. And, you may qualify for a tax deduction.Read More 7 Fast Facts to Make Giving Charitable Donations a Smooth Process
As an employer, it’s your responsibility to store records in an employee personnel file. From new hire documents to payroll information, there are a variety of documents (and some confidential information) you need to securely store and have on hand. So, what should be in an employee file?Read More What Should Be in an Employee File? Hiring Documents, Payroll Info, and Everything in Between
When you have employees on payroll, you withhold taxes and issue payments on a regular basis. And regardless of which way you choose to pay your employees (e.g., direct deposit), there is one item you typically need to give to employees: a pay stub. But, what is a pay stub? What is on a pay […]Read More What Is a Pay Stub? Quick Facts for Employers
Let’s face it: paying taxes isn’t anyone’s favorite part of running their own business. The process can be time-consuming and filled with confusing paperwork. But, what if there was a way to make paying your federal taxes simple and fast? The good news is that the IRS has an EFTPS system that does just that—and […]Read More What Is EFTPS, and How Can it Benefit Your Business?
If you have a business bank account, you should regularly receive a paper or electronic statement. These business bank statements provide valuable information for managing your business finances.Read More Tossing Your Business Bank Statements in the Trash? Get to Know Them Instead
When you run a business, the word taxes might fill you with dread—especially if you have employees. You pay some employment taxes (e.g., unemployment), while others are taxes you deduct from your employees’ wages and pay on their behalf. One of the taxes you must withhold is federal income tax. So, what is it, and […]Read More The Employer’s Guide to Federal Income Tax Withholding
As an employer, you’re responsible for collecting certain forms from new hires, like Form I-9. Form I-9 is a form that confirms your employees are legally allowed to work in the U.S. To help confirm the eligibility of your new employees, you can use E-Verify. So, what is E-Verify exactly?Read More What Is E-Verify, and How Do You Use it?