Small Business Blog Posts | Page 11

Ever wondered what the difference is between a 1099 contractor and a W2 employee? Believe it or not, the answer is both easier — and more complicated — than you might expect. It all boils down to this: If you tell your workers both what to do and how to do it, then they are probably W2 employees. On the other hand, if you only control the results and not the process, then they are probably 1099 contractors. Read more about the 1099 VS W-2.

Payroll processing is the method of paying employees and contractors, including managing payroll taxes, withholding, deductions, calculating pay, and keeping payroll records.

Payroll has an impact on your business’s finances (especially considering salary inflation), tax liabilities, and your employee management. Not only will you have to account for employee payments and payroll taxes in your business budget, but you’ll also need to ensure that your employees are compensated fairly, on time, and in accordance with the law.

A business license is a permit to operate your business, and it is non-negotiable. In fact, it is illegal to operate a business without a permit or license. This keeps you accountable to the city in which you operate and helps local government agencies regulate the businesses in their jurisdiction. Learn more about getting and maintaining a license to run a business in your state.

Selling a business can be a lot more complicated than it might seem at first glance. In this post, we’ll dig into the hows and what-ifs you’ll want to explore before, during, and through the transitional phases. Understanding the basics and planning can help you avoid falling into some of the common pitfalls that may spring up during the process of a business sale.

HR, as a department within your business, is the branch of operations that is responsible for managing a company’s human resources (or human capital; or employees). Wondering whether a Human Resources Manager, a full Human Resources Department, or an outsourced service is the best fit for your business? We can help you decide.

Financing allows those who are wavering on a purchase because of the price to buy from you right away and then pay for the goods/services in installments in the future. This way, you don’t lose a sale to sticker shock. This is called customer financing or, sometimes, consumer financing. Broadly speaking, you can provide customer financing yourself, or you can use a third-party financing specialist. As to how to do either, along with their pluses and minuses, read on to find out.

The Paycheck Protection Program (PPP) is bringing much-needed relief to small business owners affected by the coronavirus. Not only does this loan program provide funding to help cover payroll and other expenses, but if used for qualifying purposes, your loan will be forgiven. In this post, we’re going to help you understand how you can qualify for PPP loan forgiveness.

In response to the woes facing the economy, the US government has allocated funds to help support businesses throughout the country. Read through for the full details on how you can receive forgiveness on your EIDL emergency advance.

You don’t have time for errors or constant checks between the front and back of the house, and you need a convenient way to track and organize orders. Kitchen printers can dramatically improve the accuracy of orders, making customers happy, and by popping up immediately in a place where cooks can see and hear the tickets coming in, they can help you turn your tables around faster and increase your revenue.

Online reviews about anything and everything is so prevalent in today’s culture that most of us fancy ourselves not only as connoisseurs of the best goods and services out there but as consummate experts on reviews themselves. Most importantly, we can all spot a fake review a mile away, right? Turns out, it’s not as simple as we might think, and in this post, we tell you what signs to look for to determine if a review is fake.