One word, two syllables. And completely unavoidable if you’re an employer. Ah yes, we’re talking about payroll. It’s a pretty common term in the workplace (Don’t forget to run payroll!). But, what is payroll exactly?
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Mike Kappel
An Overview of State Disability Insurance for Employers
Here’s the situation: Your employee takes a little time off because they can’t physically work. What happens? In some cases, the employee must receive short-term disability insurance benefits. But, that all depends on whether you decide to offer it—or whether your state forces you to due to a state disability insurance program. Does yours? Let’s […]
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What Is a Fiscal Year for Your Business and Books?
当谈到拉报告,建立一个business budget, and filing taxes, you need to know your company’s fiscal year. So, what does fiscal year mean, exactly? When does the fiscal year start? And, how long is a fiscal year? Read on to get the answers to these questions and more.
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A Detailed Overview of Federal, State, and Local Minimum Wage Law
True or false: As an employer, you can pay employees any amount you want. False. It’s 100% false. Why? Because of minimum wage laws.
Read MoreA Detailed Overview of Federal, State, and Local Minimum Wage Law
Miscellaneous “Income” Is Now Miscellaneous “Information.” So, What Is It?
In business, it seems like you dole out money for anything and everything. Employee wages and inventory purchases are just some of the payments you might make. Sometimes, you may make payments that fall under the IRS’s miscellaneous category. And if you do, you must report them as miscellaneous information (formerly miscellaneous income). So, what […]
Read MoreMiscellaneous “Income” Is Now Miscellaneous “Information.” So, What Is It?
For Fair and Equal Pay, Get to Know Your Business’s Internal Equity
When it comes to your business, one of your goals is likely to attract and retain top talent. One way you can do this is by looking at your internal equity. But, what is internal equity? And, what does it have to do with equal pay?
Read MoreFor Fair and Equal Pay, Get to Know Your Business’s Internal Equity
Your Guide to GAAP: Generally Accepted Accounting Principles
When it comes to accounting, you must follow certain rules for recordkeeping or tax reporting. Otherwise, you may wind up making mistakes and costing your company money—and nobody wants that. Many businesses must follow a set of accounting guidelines called GAAP. But, what is GAAP exactly? And, how do you know if you have to […]
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A Comparison of Accrual vs. Cash-basis Accounting
Business owners have a lot of decisions to make, especially in the beginning. One of the most important decisions is how to handle bookkeeping for your business. There are three methods of accounting to choose from: Cash-basis, modified cash-basis, and accrual accounting.
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仔细看看Leave Donation Program for Your Business
When it comes to running a business, you’re constantly looking for new ways to boost employee morale and increase employee retention. One solution? Creating a leave donation program. But, what is leave donation, exactly? And, how does it work when it comes to taxes?
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All About Fringe Benefits for Employees
Employers often want to offer attractive compensation packages to bring in good employees. But, compensation goes beyond an employee’s hourly or salary wages. It also includes additional small business employee perks, known as fringe benefits. So, what are fringe benefits? And, what are the types of fringe benefits?
Read MoreAll About Fringe Benefits for Employees