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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

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

Trailing twelve months (TTM) refers to a company’s past 12 consecutive months of performance data used in financial reporting.

As you build your small business and pursue strong growth, learning how to motivate your team should be among your top priorities. Highly motivated employees will often exhibit higher levels of engagement and be more proactive, productive, and committed to their jobs. According to Seenit’s

Learning how to do payroll in North Carolina (NC) is pretty straightforward. It simply follows general federal guidelines, requiring you to secure a Federal Employee Identification Number and a NC Withholding Identification Number, as well as register for unemployment tax. While that may be the