New Jersey (NJ) charges state income taxes on all wages. You need to withhold taxes and unemployment insurance quarterly for each employee. In addition, the minimum wage is currently $15.13 per hour and is set to increase each year based on the Consumer Price Index (CPI). Read on to learn how to do payroll in…
How To
How to Do Payroll in Ohio: An Employer’s Guide
Ohio is one of the easiest states for employers because it has so few rules on payroll, time off, and breaks. However, pay close attention to income tax calculations, as Ohio’s income taxes include school district income taxes. Below, we cover the basics of how to do payroll in Ohio. Running Payroll in Ohio: Step-by-Step…
How to Do Payroll in Nevada: An Employer’s Guide
Handling Nevada payroll follows the same process as in any state—though there are some particular regulations to take note of. It does not have a state income tax, and its overall reporting requirements are easy to follow. It does not require state disability insurance but does charge state unemployment taxes (SUTA) quarterly. However, there are…
How To Get an SBA Restaurant Loan in 6 Steps
In this article, we will walk you through the process of how to get an SBA restaurant loan, including creating a business plan, evaluating your business needs, considering loan options and your eligibility, and preparing your application for better odds of approval. Getting an SBA loan for restaurants can help a business secure favorable rates…
How to Do Payroll in South Carolina: Everything Employers Need to Know
It’s simple to learn how to do payroll in South Carolina, as most of its regulations align with federal labor laws. You’ll need an employee identification number and register with the South Carolina revenue and employment departments for withholding and unemployment accounts. Besides tax registrations, there are a few payroll/HR regulations to pay close attention…
How to Get an SBA Loan in 5 Steps
Getting an SBA loan may seem like a complex process. Funding can take one to three months, and there’s typically more paperwork involved compared with traditional loans. However, you’ll often be rewarded with some of the best rates and terms available. You can learn how to apply for an SBA loan by following five major…
Payroll in Hawaii: Everything Employers Need to Know
Processing payroll in Hawaii requires you to register for an Employee Identification Number (EIN) with the IRS. You’ll need to register with the Hawaii Department of Taxation and Department of Labor & Industrial Relations for withholding and unemployment accounts. While Hawaii’s income tax rates are high, most payroll and HR regulations align with federal labor…
How to Get a Small Business Line of Credit in 5 Steps
I’ll walk you through how to get a business credit line, which can be accomplished in five major steps. Once you understand how you intend to use the credit line, you’ll need to choose the right type of line of credit, understand your qualifications, shop lenders and check your eligibility, and then apply and provide…