There are thousands of catering businesses in the US, partly because it is so easy to start one. Starting a catering business requires from $5,000 to $40,000; one-tenth of the cost of opening a restaurant. Catering businesses have much better profit margins than restaurants—as high as 25%. There has never been a better time to…
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Restaurant Labor Cost: How to Calculate & Lower [+Free Calculator]
Restaurant labor cost is a calculation that helps managers make staffing decisions. There are two ways to look at your restaurant labor costs—as a rolling calculation that shows if your daily staffing levels are in line with your sales, or as a post-mortem, month-end number that includes all your employee-related costs from salaries to benefits….
How to Do Payroll in Nevada: An Employer’s Guide
Nevada 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 some complexities to the Nevada minimum wage and overtime calculations. Step-by-Step Instructions to Running Payroll in Nevada Below are the…
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 doing payroll in Ohio. Running Payroll in Ohio: Step-by-Step Instructions Step…
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 Do Payroll in Arkansas: Everything Business Owners Need to Know
Arkansas is a unique state when it comes to processing payroll, as you’ll have to factor in its progressive state income tax rate and the more stringent child labor—though some of these requirements have recently been loosened—and final pay laws. While some of its regulations are more complicated and will take more time to complete…