You finally did it, you started your own business! That is truly a marvelous achievement to accomplish. However, as you are finding out, payroll can be complicated. At what point do you start paying yourself? How much should you pay yourself and how much should be...
When it comes to finances, people tend to have differing opinions on which payroll schedule is the best. It all comes down to personal preference. If an individual is seeking to receive paychecks on a more frequent basis, a bi-weekly payroll schedule is typically what...
Paystubs are arguably one of the most important documents to any business, big or small. But if you’re self-employed, its importance is far greater. It is up to you to accurately keep track of your receiving revenue. Sometimes it can be challenging to maintain a...
The etymological meaning of the word “payroll” is a simple one: the prefix, “pay” meaning currency and the suffix, “roll” meaning to whom the payment goes to. Although the meaning might be self-explanatory, the journey humans have experienced throughout the wheels of...
Starting a new small business can be very exciting and lucrative if done correctly. However, it can certainly be stressful at times due to all your new responsibilities. In some cases, too many mistakes are made at the beginning stages of the newly created business...
The efficiency of any business can fall onto the shoulders of the employees. When the weight becomes too much, morale can slip through the cracks. This inevitably leads to a decrease in motivation, thus leading to a deflated morale as efficiency dwindles. An attentive...
Whether you are just beginning to delve into the world of credit, or you’ve already entered it and are looking for ways to improve your score, we’ve got ways to help. A good credit score is important as it determines whether or not you will get approved for new credit...
The world of independent contracting sets itself apart from the rest of the taxable professions. You receive specific tax forms to fill out for being an independent contractor as opposed to being an employee. More than likely, you will come across tax forms like the...
If you’ve accidentally filed an inaccurate Form 941, Form 941-X is what you need to set things right. As a business owner, the last thing you want to do is run afoul of the IRS. Unfortunately, with all of the complexity and pressure of filing your taxes, sometimes...
We live in a very carefully documented society, and few things are as closely measured and cataloged as finances. From tracking revenue and expenditures for measuring profitability, to identifying financial trends and potential business opportunities, to...
