Doing payroll in Maryland requires knowing local laws, such as the $15.00 state minimum wage, and keeping track of state and local income tax withholding schedules. Maryland has more nuances than the average state—for instance, there are 23 counties that charge local tax. Step-by-Step Instructions for Doing Payroll in Maryland Step 1: Set up your…
How To
How to Sell on Walmart Marketplace in 5 Steps
Walmart Marketplace gets an average of 120 million monthly visitors, so if you want to expand your product reach, selling on Walmart is the way to go. Offering no monthly subscription or setup costs, Walmart only charges a referral fee on sold items and lets you have full control over your business—including inventory, pricing, fulfillment,…
How to Create an Employee Database in Excel (+ Free Template)
An employee database is a template that contains essential information about each employee. Creating an employee database in an Excel template can help centralize that data, track employee performance, run payroll reports, and more. Follow the steps below to turn your Excel spreadsheet into a powerful employee database. Plus, download our free template to help…
How to Fill Out Form 944: Per-part Instructions + What to Know
Form 944 is an IRS form that very small businesses use to file their employer taxes on an annual basis. It is specifically for businesses that have at least one employee and owe less than $1,000 annually in federal taxes (income tax withholdings plus Social Security and Medicare taxes). This article covers the when and…
How to Do Payroll in Florida: An Employer’s Guide
Doing payroll in Florida isn’t complex, especially if you stay abreast of federal regulations. Florida has few state-specific laws, and its laws are generally business-friendly. Florida also doesn’t have a state income tax, but employers are required to pay state unemployment insurance tax (SUTA) or reemployment taxes. Running Payroll in Florida—Step by Step Instructions Below…
How To Crowdfund a Business: A Beginner’s Guide
If you need a funding source to support your small or startup business, consider how crowdfunding might be a suitable option. You’ll need to give thought to the various types and platforms, create a plan to market your business and its crowdfunding needs, and communicate with and keep your promises to your backers. The following…
How to Pay International Employees (+ Best Providers)
Expanding operations overseas can be a complex process, especially when dealing with international payroll and taxes. For instance, you’ll need to decide if your business is establishing an in-country presence where your employees will be working and what types of overseas employees you’ll be handling. These determine what payroll laws apply (both in the US…
How To Raise Venture Capital Funding For Your Business
Raising venture capital (VC) requires the consideration of the value of your business, amount of funding, business goals, and relationships with investors. It can be challenging to find venture capitalists who will invest in your business, so be sure to determine if it’s a suitable option before proceeding with seeking investors and the following steps….