Figuring Out Your Best Option If you work for a corporation, be it large or small, you probably have a few different options for setting up your benefits. Benefit plans change from year to year and can vary quite a bit depending on your employer. The best source of clarification is always your Human Resources…
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What is Wage Garnishment? Wage garnishment describes the situation where a portion of an employee’s pay is withheld to repay a debt. It’s commonly seen in issues like unpaid child support or taxes. The amount garnished is dependent on what the court deems to be the individual’s disposable income, meaning the money left over after…
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Planning for the Future The Cost of Poor Estate Planning You may think estate planning is only for the super-wealthy. The truth is, if you plan on leaving anything to your family, you need to plan ahead for it. With a proper estate plan in place, you protect your hard-earned money by making sure it…
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Get a handle on Bookkeeping. As a small business owner, your job is not easy. You’re already challenged enough by all the hats you wear without the added stress of record keeping and paperwork management. But since proper bookkeeping is absolutely vital to the success of any business, large or small, you may find yourself…
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Getting Started Branding is one of the most important aspects of running any business. Brands help customers recognize and know your products and services. A good branding and marketing strategy will bring people in and, paired with excellent service, will keep them coming back as they recognize your name, logo and marketing materials. A big…
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The first step. If you’ve ever been unsatisfied working for someone else, or resentful of your position with a company that doesn’t treat you the way they should, you’ve probably considered other options. Maybe you’ve dreamed of having flexible hours, being your own boss, and getting paid what you’re worth. Starting your own business may…
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Welcome to Part 3 of our series on Business Payroll. This week we will discuss payroll taxes, from calculating to remittance, this article will help you understand your responsibilities as an employer. If you missed Part 1 or Part 2 you can find them here. Calculating Payroll Taxes You are required to withhold payroll taxes…
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Welcome to Part 2 of our series on Business Payroll. This week we will discuss setting up payroll, from conception to record keeping, we cover it all in this article. If you missed Part 1 you can find it here. Stay tuned for Part 3 coming next week! Setting Up Payroll Before you set up…
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Welcome to our 3 part series on Business Payroll. For the next three weeks we’ll be covering a new aspect of payroll, from understanding to establishing and beyond. Understanding Payroll as a Small Business Owner Founding and running a company is serious business—but you’ve taken the plunge, and that’s something to be proud of. You’ve…
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Understanding Annual Tax Requirements Both LLCs and corporations have specific tax requirements they must follow each year. When it comes to annual filings with the state, it’s easy to confuse the State Annual Report and the Annual Corporate Meeting Minutes. Keep reading to learn the difference. Annual Meeting Minutes All nonprofits, C corps and S…
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