Have you ever donated to a charity? What about a hospital or school? If so, you may have given to a nonprofit. But, what is a nonprofit? And, how do they work? Get the answers to all of your burning questions below.Read More What Is a Nonprofit? Definition, Types, & More
Reevaluating Your Payroll Processing Procedures: How to Know When It’s Time for a Change
It’s always a good thing to reassess your business processes every once in a while. What can you improve on? How can you make processes easier? One process that many businesses struggle with is payroll. If your process is making you suffer, it’s time to switch things up by reevaluating your payroll process procedures.Read More Reevaluating Your Payroll Processing Procedures: How to Know When It’s Time for a Change
Can You Hire Someone Without a Social Security Number?
When you hire new employees, you are responsible for collecting new hire paperwork. You must gather information, such as an employee’s name, address, and Social Security number (SSN). But, what happens when an employee doesn’t have an SSN? Can you hire someone without a Social Security number? Get the answers to all of your burning […]Read More Can You Hire Someone Without a Social Security Number?
7 Advantages of Accounting Software You Can’t Beat
As a busy business owner, you’re always looking for ways to save your time and money. And, you certainly don’t want to waste your precious time, energy, and hard-earned cash on accounting tasks. The solution? Accounting software.Read More 7 Advantages of Accounting Software You Can’t Beat
Don’t Let These State Tax Systems Slip Your Mind
If you’re a business owner, employer, or both, you need to know what’s going on in your state. There are many state tax systems that you must follow to remain compliant and avoid penalties. So, how can you possibly keep up? Brush up on the systems and your responsibilities below.Read More Don’t Let These State Tax Systems Slip Your Mind
Not Knowing Legal vs. Illegal Payroll Deductions Can Cost You Big Time
Part of being an employer means running payroll. And chances are, you probably have to deal with a few types of payroll deductions, like 401(k) or health insurance, when paying employees. But, what happens when you have to deal with a deduction that you don’t have consent for, like a correction for a payroll error? […]Read More Not Knowing Legal vs. Illegal Payroll Deductions Can Cost You Big Time
How Do 3401(a) Wages Work?
As an employer, you’re probably familiar with W-2 wages and how they work. But, have you ever heard of 3401(a) wages? If you offer retirement plans, it’s time for your crash course. Get the lowdown on what 3401(a) wages are, how they work, and other 3401(a)-specific rules.Read More How Do 3401(a) Wages Work?
The Three Golden Rules of Accounting You Should Always Follow
You might have heard of the Golden Rule in life: Treat others as you want to be treated. But, did you know that there’s also a golden rule for accounting? In fact, there are three golden rules of accounting. And no … one of them is not treating your accounts the way you want to […]Read More The Three Golden Rules of Accounting You Should Always Follow
Your Step-by-step Accounts Receivable Process Guide
When you extend credit to customers, you deal with something called accounts receivable. To ensure your company gets paid and your books are all up-to-date, you need to have a solid accounts receivable process in place. Here’s your step-by-step guide on accounts receivable processes and procedures to live by.Read More Your Step-by-step Accounts Receivable Process Guide
6 Things You Absolutely Must Include in Your Hybrid Work Policy
Thanks to the pandemic, there’s a new sheriff in town: Hybrid workplaces. In fact, 74% of companies in the U.S. are using or plan to implement a permanent hybrid work model. If your company plans to be part of this statistic, you need to know what to include in a hybrid work policy to keep […]Read More 6 Things You Absolutely Must Include in Your Hybrid Work Policy