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
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….
How to Start a Clothing Line in 12 Steps
A competitive and appealing concept, a viable business plan, unique designs, and a solid marketing strategy are a few of the things you need to develop when starting a clothing line. You can start a small-scale clothing line for as little as $500, although costs can vary widely. Use our guide below to learn how…
How To Raise Angel Funding for Your Business
Angel funding is a way to raise money for your business with the help of angel investors, who offer seed money to promising startups or small businesses in exchange for an equity stake in your company. To receive angel funding, you’ll need to do your due diligence in vetting an angel investor best suited to…
How To Calculate the Average Age of Accounts Receivable (+Calculator)
The average age of accounts receivable (A/R) is calculated by dividing 365 by the annual A/R turnover ratio. Average Age of Receivables = 365 days A/R Turnover Ratio A lower average age of receivables indicates that a company is collecting its debts more quickly, which is generally considered a positive sign for a company’s financial…