Business

Balance Sheet Essentials Every Small Business Owner Needs to Know

All business owners should have at least a basic level of understanding with balance sheets. Balance sheets are documents that offer a visual of an individual or business’s financial condition. Every small business owner should be able to understand a balance sheet and be able to interpret the information it conveys quickly. Balance sheets are usually organized with the assets displayed on one side of the sheet and liabilities...

3 Reasons Going Paperless Benefits Your Business

Business owners often look everywhere imaginable to cut costs, save time and streamline operations. One of the greatest ways to do this is to go paperless. The benefits of moving toward a paperless business may surprise you as they stretch beyond environmental impact! Aside from cleaning up paper clutter and receiving less mail, here are more benefits offered by going paperless: Access Everything Easily Paperless business systems make it...

Preparing As the Year Draws to a Close

As a small business owner, the end of the year means more than simply celebrating holidays – there is much more work to be done than shopping for gifts and spending time with loved ones. The last quarter of the year can be overwhelming and stressful for small business owners, so here are a few things you can begin doing now to make your transition into 2019 an easier...

California Labor Law Posters

Being an employer is rewarding but difficult. A number of rules and regulations apply to you and you have to do what you must to ensure you remain in compliance. Included in your list of obligations are California Labor Law Posters. In the state of California, the Department of Industrial Relations requires that all businesses with employees post several labor law posters that cover important topics, including health &...

3 Mistakes to Avoid when Starting a New Business

Don’t fall prey to these common pitfalls for startups. When getting your startup off the ground, several steps should be taken and others should be avoided. Each year, thousands of businesses shut down for various different reasons. Some of these doors are closed as the result of one or more big mistake. Wouldn’t it be nice to be able to know which mistakes are the big ones to avoid...

What You Need to Know about Nonprofit Payroll

Nonprofit tips for meeting federal and state tax requirements Running a nonprofit is a lot of work and it doesn’t end when it comes to payroll. Many nonprofits face a number of payroll challenges compared to for-profit businesses. For example, many nonprofits mistakenly believe that because they are exempt from paying income taxes that they are exempt from payroll taxes too. Regardless of whether a company is a nonprofit,...

4 Ways You May Be Driving Out Your Best Employees


Avoid these mistakes that could send your best employees out of the door. Holding on to good employees is tough. When problems arise within a company, the best employees are typically the first to go because they have more options. But there are some easily avoidable mistakes that may help you to hold on to your best employees. In order to retain your top talent, here are a few...

5 Tips for Setting Up Payroll for Your New Company

Paying attention to these details may make or break your new biz during startup. If you’re working to get a new business off of the ground, you probably know that there are a lot of details to deal with. One of the most important is payroll. Do you know how to set up payroll for a company? If you do not, there is no time like the present than...

WHAT TO DO WITH LEFTOVER FSA DOLLARS?

You are limited to these four options under the tax code. If you have employees who have flexible spending accounts (FSA), you may be wondering what to do with any leftover money. FSA accounts are great tax-advantage plans that help manage out of pocket medical expenses. Sometimes money is leftover at the end of the year. Here, we address what you should do with that money. A health FSA...

How Long Should You Keep Employee Records?

Don’t throw paperwork out too soon! One of the big things about Human Resources is all of the paperwork. Even if your paperwork is primarily electronic, it still takes up space. Whether your employee records are stored in files in a cabinet or take up space on a hard drive, you probably do not need to hang on to them forever – or do you? Here are the basic...