No matter how dedicated or passionate they are about their work, the reality is that your employees are probably in it for the money. And there’s nothing wrong with that; it’s only natural that a worker should want compensation for the value that they bring to the...
Whether you’re a small business owner or just curious to know what the IRS form 2553 is, you’re at the right place. What is form 2553? Form 2553 is a tax form that businesses can file. Form 2553 is targeted towards small businesses because it helps them receive...
Using paper checks has become less and less common over time. This is due to the fact that most people prefer to manage their finances online. The majority of Americans are paid with direct deposit instead of a check. However, checks haven’t disappeared completely...
What is the difference between gross pay and net pay? When it comes to paychecks and paystubs, two of the most important terms to know are gross pay and net pay. Someone may make $60,000 a year, but this doesn’t mean that they will take home all of that money. This is...
If your LLC is looking to change your default tax classification, then the IRS requires you to fill out a Form 8832. Here’s everything you need to know about Form 8832 instructions and where to file a Form 8832. What is Form 8832? Businesses use Form 8832, also called...
