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Payroll Leap Year…and Other Payroll Oddities
Every four years, the calendar offers up a dilemma to the world: How exactly will you spend that extra day in the wonderful blustery gray month of February? Well, actually leap year doesn’t really...
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Words Small Business Owners Don’t Want to Hear: Pay Back Wages
One thing a small business owner never wants to hear in connection with his payroll is BACK PAY. Don’t be confused, Back Pay is not when you give an employee a raise and make the start date in the past...
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Employee Record Retention and Destruction: Make Sure Your Business Is in...
Business owners accumulate substantial volumes of employee records like employment applications, performance reviews, payroll records and disciplinary actions. At the beginning of the year, when many...
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Employers Need to Be Aware of Differences in Federal and State Labor Laws
Employers cannot rely solely on the guidelines in the Fair Labor Standards Act. So, if you think you know that Act inside and out and you are safe … think again. Why? Because each state also has its...
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5 of the Biggest Payroll Mistakes that Small Business Owners Make
Have you ever read something and found yourself shaking your head in agreement through the entire piece? Well, when I saw a slide presentation from Accounting Today about the payroll errors commonly...
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Fraud: Under-reporting Payroll to Reduce Worker’s Compensation Premiums
Worker’s compensation fraud is “the fastest growing segment of insurance fraud,” according to the National Insurance Crime Bureau. One way, small business owners commit insurance fraud is by...
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So You think Handling Your Own Payroll is Easy?
As if payroll itself wasn’t complicated enough, there are IRS reporting deadlines and deposit schedules to comply with as well. And, to make things ever more interesting, it can change depending on how...
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Legislation Can Change Everything … At Any Time
You never know when new legislation might be passed, turning your small business’s life upside down. Just when you think you have things figured out and your business is on the right track, the...
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Honest, It Was Just a Mistake
It was just a mistake. Those are awful words – and impactful words – especially when it comes to financial aspects of a small business. And when it applies to payroll, payroll taxes and the IRS, those...
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Could You Handle Different State’s Payroll Taxes and Regulations?
I was really excited for a colleague who got a big contract that was going to expand his company this year. He was excited because his small business would no longer be just a local business, but would...
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Retirement Benefits Come from Employment and Payroll
In today’s world where so many workers have lost their pensions, there is one employer who has remained steadfast in meeting their pension commitments – the United States government. As of an August,...
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Overtime Rule Put on Hold!
Small business owners can take a collective breath – at least temporarily. U.S. District Judge Amos Mazzant in the Eastern District of Texas granted a preliminary injunction regarding the Dec. 1...
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Why Your Small Business Needs a Budget
Do you create a budget for your small business every year? If not, you really should develop one. A budget is a spending plan for your business. It helps you estimate your business’s costs, revenues...
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Some States Try Auto-IRAs to Encourage Savings
Experts have been sounding alarm bells for years about the number of individuals who are not saving enough for retirement. But many workers continue to put off preparing for the future. Now some...
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New Form I-9 has January 21, 2017 Deadline
It’s that time of year, isn’t it? I’m not talking about holidays and festivities, I’m talking about getting ready to close out the year and get ready for the new one. For some small business owners,...
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6 Payroll Terms Business Owners Need to Know
As a small business owner, you know all about your products or services. You’re the expert. However, when it comes to payroll, you may be an amateur with a limited understanding about compensation and...
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What Can Your Small Business Do about Healthcare Benefits?
Healthcare and insurance continues to be a quagmire for millions of people to wade through today. If you are an employer with any number of employees, healthcare benefits are on your mind, too. Why do...
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Do These 3 Myths Sound Familiar to You?
Outsourcing payroll is becoming a more popular option for many small business owners. After all, employees want to get paid accurately and in a timely manner. However, many small business owners still...
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4 Top Issues Bookkeeping Can Help Solve for Your Small Business
As a small business owner, you want your business to grow and succeed. But all small businesses are plagued by the same common problems that can impede their success. Part of the problem is, try as...
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How Prepared is Your Small Business to Face a Disaster?
This last week during a storm one of the homes in my neighborhood was struck by lightning and caught fire. The fire left skeletal remains of the structure’s second story. In the end, the entire home...
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