An Introduction to FUTA Tax
As an employer, you are responsible for a variety of taxes. These include State Unemployment Tax Act (SUTA), Federal Unemployment Tax Act (FUTA), and Social Security and Medicare taxes (FICA). FUTA is a federal payroll tax that all employers must pay. The tax funds unemployment compensation for workers who have lost their jobs. In this blog post, we will provide an overview of the FUTA tax, including who must pay it and how much it is.
Five Ways Small Businesses Can Benefit from Compliance
No matter the size or industry of your business, compliance matters. By definition, compliance means adhering to a set of guidelines, usually put in place by a governing body or an authority figure. In the business world, there are many areas in which compliance is important, such as annual filing fees, franchise taxes, legal and court system interactions, and interacting with investors. Establishing and following best practices in these areas can save small businesses time and money while protecting them from potential legal penalties.
4 Tips for Leveraging Your Best Self to Expand Your Business
As an entrepreneur, it's easy to get caught up in the day-to-day grind and forget about the bigger picture. You're juggling so many balls that you might feel like you're just trying to keep your head above water most of the time! But if you want your business to grow, it's important not to lose sight of the reason you started your business in the first place: to make a difference in the world.
How to Use Your Payroll Data to Make Better Business Decisions
As a business owner or HR manager, you have access to a wealth of data that can be used to make informed decisions about your company. One data set that is often overlooked is payroll data. By taking the time to analyze your payroll data, you can glean valuable insights into your employees' productivity, compensation, and more. Here's how to get started.
Not Sure What Type of Business to Start?
Choosing what type of business to start can feel like a daunting task. But don't worry, we're here to help! Below are four key questions you should ask yourself before making any decisions.
4 Tips to Effectively Manage Remote Workers
As a small business owner or entrepreneur, you may find yourself in the position of managing remote workers. Whether your team is working remotely by choice or due to circumstances beyond your control, you can do a few things to ensure that everyone is on the same page and productive.
How solar power can help your home-based business
As a home-based business owner, you are always looking for ways to save money and increase profits. One way to do both of those things is by using solar power. Solar power can help reduce your energy costs, and it can also improve the value of your property. If you're interested in learning more about how solar power can benefit your home-based business, keep reading.
Are non-U.S. residents allowed to own a corporation or LLC?
Wondering if you can own a corporation or LLC if you're not from the United States? Wonder no more!
Why you need to start thinking about building a team to help you scale your business
Are you feeling overwhelmed trying to do everything on your own in your business? It can be tough to know when and how to bring on help. But, when you're ready to take your business to the next level, it's essential to start thinking about building a team.