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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 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...
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 pay them. The amount...
Tracking your business expenses helps you reduce your taxable income. If employees incur any of your expenditures, an effective expense policy allows you to keep an eye on your costs and have better control over them. What does the...
When you hire someone new, it’s essential that you collect and store some information about them during onboarding. You can save time and ensure consistency by creating a new hire checklist containing these six...
As an attorney, you already have a lot on your plate. If you run your own law firm, your duties may include managing your staff and running payroll in addition to serving your clients....
Buying a franchise allows you to own a business without having to start from scratch. Instead, as the franchisee, you can rely on the franchisor’s experience, name recognition, and advertising. You’ll still be responsible...