Business Owner

How the Accurate Collection of Employee Time Saves Your Business Money

Human error can cost you a significant sum of cash. Time clock errors are detrimental to businesses small and large. They add up quickly, costing companies profits and causing some to take drastic measures such as slashing hours and even jobs to make up for the loss. If you want to avoid the stressors that come with human time punch errors, it’s time to explore new solutions that better...

How to Run Your Own Payroll

There are typically three ways to process payroll. You can hire an accountant, do it yourself or hire a payroll service.

2019 Minimum Wage Increases by State

Minimum wage is like the sun – it just keeps rising. Many cities, counties and states are yet again increasing the minimum wage. To better prepare you for 2019, below is a list of the states that will increase their minimum wage. Of course, we recommend that you check with your local jurisdiction before making any changes to your books because your city may follow different standards. Twenty one...

3 Payroll Mistakes you can Avoid in 2019

Everybody makes mistakes. But when it comes to payroll, mistakes can be detrimental. Many small business owners struggle with payroll due to the number of regulations and rules that apply. One of the scariest things about payroll mistakes is you may not even realize you have made one until the IRS smacks you in the face unexpectedly. To ensure 2019 is a year of little to no payroll mistakes,...

5 Tips for Effective Management of Remote Employees

According to Global Workplace Analytics, nearly 50% of the workforce works in some sort of telecommuting role and even more employees have stated that they would like working remotely at least part-time. Considering this, offering remote opportunities is a good way to gain more productive workers. Below are a few tips for the effective management of a remote workforce. Set Clear Expectations It is important you set clear expectations...

Why You Should Have an Employee Handbook

Although employee handbooks are often overlooked by employers and employees alike, these useful little books are important when it comes to making sure everyone is on the same page. If you have not yet created one, below are some tips on why you should have one and what you should include. What Your Handbook Should Cover You need to cover two primary areas in your employee handbook: policies that...

Total Rewards Packages – What You Need to Know 

Total Rewards Packages – What You Need to Know  As the workforce becomes more competitive with millennials dominating, employers are forced to rethink their employee benefits and rewards strategies. More companies are offering total rewards packages as an incentive to bring on quality employees. But what is included in a total rewards package?  Total rewards packages are typically made up of six components:  Benefits  Benefits are noncash, indirect payments...

A Small Business Owner’s Overview of 401(k) Plans 

A Small Business Owner’s Overview of 401(k) Plans  Did you know that only half of all Americans are set up to meet their saving goals for retirement? As a small business owner, you may be thinking about the best way to save for retirement – and if you are not, you probably should be! Although many different retirement options are available, we will address 401(k) plans below. 401(k) plans...

3 Things Employers Should Know About Form W-4

3 Things Employers Should Know About Form W-4  Tax season is lingering ahead. Unless you have been reading up regularly, you probably have a few questions about the latest federal tax legislation and what it means for you personally as well as your business and employees, including questions about Form W-4, Employee’s Withholding Allowance Certificate. Below are a few questions our readers have asked that we would like to...

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...