If you operate a nonprofit organization, you may be eligible to apply for tax-exempt status, such as 501(c)(3) status. Learn what is 501(c)(3) status, types of 501(c)(3) organizations, and how to apply for 501(c)(3) status.
Read More What Is 501(c)(3) Status?Kaylee DeWitt
What Is Deferred Revenue?
Do customers pay you for your goods or services before you actually deliver them? If so, you need to know about deferred revenue. Learn about deferred revenue and how to record it in your accounting books.
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Put HR in the Hands of Your Employees With Employee Self-service Portal
Part of your job as a small business owner is ensuring your employees have what they need to succeed. Sometimes that means you have to handle employee requests when you’re busy. At other times, employees ask for important paperwork last minute. But, what if you don’t want to handle certain employee requests directly? An employee […]
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How to Calculate Overtime Pay for Salary Employees
Even if you pay an employee a salary, you might owe them overtime wages. Learn how to calculate overtime pay for salaried employees correctly. And, check out step-by-step examples.
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Is Paperless Payroll Legal?
Thanks to technology, you can do almost everything online. That includes many parts of your payroll process. There are many reasons to use paperless payroll, including cost savings and environmental benefits. But, is paperless payroll legal?
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How to Maintain Payroll Confidentiality
Payroll includes a lot of confidential information. Your payroll records include both business and employee information. There are names, addresses, Social Security numbers, dates of birth, pay rates, benefits, deductions, and bank accounts. With so much sensitive information, it is important to maintain payroll confidentiality.
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Everything You Should Know About Outsourcing Payroll to Online Software
Your small business has many options to run payroll. You could run payroll yourself or you can outsource it. Outsourcing payroll to a payroll software can be a great benefit for your business.
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Who Pays Unemployment Tax? Understanding FUTA and SUTA Taxes
When an employee becomes unemployed, they might qualify to receive unemployment benefits. Unemployment benefits are funded by unemployment taxes, which are paid based on employee wages. But who pays unemployment tax? You or your employees?
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ACH vs. Wire Transfers: Which Should You Use to Pay Employees?
Paying employees electronically is a good option. You use less paper and employees are less likely to lose their checks. Because the payments go directly into employee bank accounts, your workers are guaranteed to get their money. As you look at ways to send electronic payments, you might come across two methods: ACH and wire […]
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How to Withhold Taxes on Tips
If your employees receive tips, it is important to remember that tip income is taxable. Employees must report all tips they receive, and you must withhold payroll taxes on tips.
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