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Before your business can begin operating, it needs to be registered with state and local agencies. And before registering your business, you will have to choose a business name and obtain an employee identification number (EIN) from your state. While this process will register your

Handling small business payroll includes having to consider everything, from setting up your business as an employer to paying your employees, tax agencies, and other applicable entities. When learning how to do payroll, there are several steps you must follow to ensure that you’re fully

Offboarding is the process of managing all aspects of an employee’s exit from your business, whether they are leaving voluntarily or involuntarily. An employee offboarding checklist, also known as a termination checklist, ensures you don’t miss steps, such as getting your office keys back and

Shopify POS is one of the best small business point-of-sale (POS) systems on the market. It comes free with every Shopify ecommerce account, is user-friendly, includes inventory and customer management tools, and is particularly great for omnichannel selling. This article looks at how to set up

Expanding your business by hiring workers from India opens the door to a vast pool of skilled professionals, especially in information technology (IT) and other specialized fields. But before diving in, you need to decide if you’re going to hire an employee or partner with

We will walk you through how to open a business bank account—from gathering the required documents based on how your business is organized and choosing the right account, to counting the cost of fees and setting up online banking. Knowing ahead of time what kind

In this article, you’ll learn how to manage inventory using the Lightspeed POS system. Lightspeed is our top-recommended point-of-sale (POS) inventory system, best for midsize businesses with multiple locations. It has age verification tools, payment processing, and analytics reporting. This system is browser-based, so you

An employee referral program involves asking your employees to refer candidates who may not have otherwise applied to your open roles and rewarding them for their referral efforts. With an employee referral, you gain access to higher-quality applicants—and may reduce hiring costs and time to

As credit card transaction fees continue to rise, so does the cost of doing business. Unfortunately, there is no absolutely free way to accept payments online for free. In 2024, merchants pay anywhere between 1.5% and 3.5% for every credit card sale, and online transaction

A new hire checklist ensures that you don’t miss important steps when adding new employees to your team. Make sure to include all the required documentation and steps on the checklist template you create to make their first days on the job efficient and enjoyable.

Gross pay is the amount of money you pay an employee before any deductions are withheld, such as for taxes. It’s the basis for figuring everything from Federal Insurance Contributions Act (FICA) withholdings to overtime wages. Learning how to calculate gross pay is simple; the

An unlimited paid time off (PTO) policy allows employees to take as much time off as they need or want in a given year, without a limit. There is still generally a structured PTO request/approval process but just no hard cap on the number of