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This article was last edited on 9/8/2020. For updated information on Form 1099-NEC, visit https://www.irs.gov/forms-pubs/about-form-1099-nec. Beginning in tax year 2020, you will need to file Form 1099-NEC to report any nonemployee compensation…
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If your current payroll provider is no longer meeting your needs, it might be time to switch companies to software that will better serve your business. Just thinking about changing…
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As a small business owner, it’s crucial that you accurately track your team members’ time worked to pay them at the end of each pay period. But, trying to get…
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This article was last edited on 8/24/2020. For updated information on Form I-9: Employment Eligibility Verification, visit https://www.uscis.gov/i-9. As an employer, you’re required to confirm that your team members are legally allowed…
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This article was last updated at 8:00 a.m. EST on August 31, 2020. On August 8, 2020, President Trump issued a presidential memorandum to the Secretary of the Treasury about deferring certain payroll…
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This article was last edited on 8/10/2020. For updated information on Form W-4, visit https://www.irs.gov/forms-pubs/about-form-w-4. Form W-4, Employee’s Withholding Certificate, must be completed by workers in the U.S. to tell their…
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This article was up to date as of 7/29/2020. For updated information on employment taxes, visit https://www.irs.gov/forms-pubs/about-publication-15-t. As an employer, you’re required to withhold certain taxes from your employees’ paychecks.…
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When it comes to expense reimbursement, you might only think of traveling expenses to attend trade shows or conferences – things that your small business might not do. But there…
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As a new small business owner, you may have heard the phrase “running payroll,” which means paying your employees. It’s a rite of passage for new small businesses because it…
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This article was last edited on 6/24/2020. For updated information on state minimum wage laws, visit https://www.dol.gov/agencies/whd/minimum-wage/state. When you’re hiring your first employee, you might not know how much to…