Workful | Your Small Business Resource Blog
The FedNow service, a new real-time payment system developed by the Federal Reserve, has the potential to significantly benefit small businesses. In this article, we will explore how the FedNow service can help small...
The COVID-19 pandemic has had a significant impact on the global economy. To mitigate the economic fallout, the United States government has implemented various measures to support the economy, including the FedNow service. In...
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 you paid during the...
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 can be overwhelming but...
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 everyone to log their...
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 to work in the...
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 tax payments. Read the...
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 employers how much federal...
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. You’re also required to...
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 are other expenses that...
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 means you’ve grown to...