7 Things to Include in Your Time-Off Policy
A time off policy can minimize any misunderstandings your employees have about time off given. It allows you to explain the rules and expectations about how much time your employees are to work and...
Author: Workful Team
Tax Form W-9: Taxpayer Identification Number and Certification
This article was last edited on 02/18/2020. For updated information on Form W-9, visit https://www.irs.gov/forms-pubs/about-form-w-9. You’ll use Form W-9 is used to request the taxpayer identification number (TIN) from any person or corporation you plan to...
5 Tips for Managing Your Inventory
Inventory management is the process of tracking your products to ensure you have the right amount of each item at the right time. It includes ordering, storing, tracking, and selling your goods. Managing your...
Make Better Decisions in 6 Easy Steps
As a small business owner, you make multiple decisions every day. From finances and strategy to staff, and operations, you’re expected to call all the shots. It can be stressful, especially when you need...
Am I Exempt from Federal Withholding?
If you’re exempt from federal withholding, your employer will not withhold federal income tax from your paychecks. They’ll still withhold Social Security, Medicare, and state and local income taxes. According to the IRS, you...
How to Do a SWOT Analysis of Your Competition
If you’ve ever conducted a SWOT (strengths, weaknesses, opportunities, and threats) analysis, then you know that it can help with your strategic planning. The analysis gives you a clearer picture of where your business...
What’s Minimum Wage in My State?
This article was last edited on 1/3/2020. For updated information on state minimum wage laws, visit https://www.dol.gov/agencies/whd/minimum-wage/state. The federal minimum wage is $7.25 per hour. Each state, however, may have a different requirement. State...
How Many Vacation Days are Normal?
Giving your staff some time off can help them have healthier work-life balances. They can take time off to recharge, so they don’t burn out. But, how many vacation days should you give them?...
8 Ways to Improve Employee Efficiency
Your staff spends a lot of time at work. How can you increase their efficiency to make sure it’s time well spent? 1. Match Skills to Tasks Spend some time getting to know your...
What is the Account Number on a 1099-MISC form?
This article was last edited on 1/3/2020. For updated information on 1099-MISC account numbers, visit https://www.irs.gov/forms-pubs/about-form-1099. If you’re filing a 1099-MISC form for an independent contractor, you might be wondering what to include as the account number. The account number is a code that’s...