To help eliminate pay discrimination, over a dozen states and localities have enforced salary history bans, or laws prohibiting employers from asking job candidates information about their salary history. To comply, some companies are updating job applications, company practices, and so forth. Each violation can result in a penalty of $100 to over $5,000. If…
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25 Employee Payroll Tips for Small Business Owners
Payroll can be a challenging task for any small business but with the right tools, it can become easy and routine. There are a number of best practices for payroll management you can follow to keep you and your employees happy. We asked experts to share employee payroll tips for a healthy, sustainable small business….
Hiring Independent Contractors in 8 Steps
Companies hire contractors for all sorts of reasons. Sometimes, they have short-term projects or part-time work that doesn’t warrant hiring a new employee. They should take care to only work with qualified contractors that fit their budget. The recruiting process is similar to that of hiring employees, except that it’s not as regulated. If you’re…
Free Payroll Templates: Tips & What to Include
Payroll templates are pre-designed spreadsheets and forms that help organize, calculate, and track payroll data. They’re best for business owners preparing to hire their first employees or who want to better manage payroll. You can use these templates instead of, or in conjunction with, payroll software to eliminate extra costs for add-ons like time-tracking. If…
Tipped Minimum Wage by State
Tipped minimum wage is the lowest amount that employers, like restaurants and resorts, can pay tipped employees. Currently, it’s $2.13 per hour (federal law), but each state has its own regulations—for example, paying a lower minimum wage is illegal in California. It can save money, but participating employers are subject to oversight. If you need…
The Ultimate Guide: What Is a Shift Differential?
A shift differential, or shift pay, is a premium employers pay to employees who work outside of normal business hours. For example, if a restaurant is open past midnight, employees working the night shift may receive an extra $2 an hour. Legally, employers must include this premium in any overtime calculations, or they’ll face penalties….
Self-employed Payroll: How to Pay Yourself in 2019
When processing payroll for yourself vs employees, choosing the right business structure is key to minimizing taxes. Determining how much and how often to pay helps with managing profitability and cash flow, which is why setting up a payroll system is important. Good payroll services make it easy and support employers with tax law compliance….
What a Payroll Card Is, Costs & Providers
A payroll card (pay card) is a prepaid debit card employers used to pay employees who don’t have bank accounts. Although regulated by state law, they’re similar to direct deposits in that money is sent electronically and setup is sometimes free. Pay cards are available from dedicated providers (FlexWage or VISA), banks, or payroll companies….
W9 vs 1099: IRS Forms, Differences, and When to Use Them 2019
A W9 is an Internal Revenue Service (IRS) form that’s used to gather information about a contractor so that their earnings can be reported at year-end. Conversely, a 1099 (1099-MISC) is the document that’s issued at year-end to show how much income the contractor earned. Thanks to QuickBooks Payroll for sponsoring this post. As a…
How to Calculate Bonuses for Employees
The way you choose how to calculate bonuses for employees can affect company morale. Performance bonuses encourage personnel to work toward achieving individual and company goals, and nonperformance bonuses can make everyone feel appreciated. You can multiply an employee’s total sales earned by a fixed bonus percentage or pay a flat rate to everyone. is…
Setting Up a 401(k) Plan for Small Business: Beginner’s Guide
A 401(k) is a savings plan that provides retirement benefits for business owners and their employees. Setting up a Traditional 401(k) for your small business will help you attract and retain top talent while reducing employees’ tax liabilities. For help setting up a 401(k) without spending a fortune, follow our six steps below. For a…
Top 9 Recruiting Apps for Small Business Recruiters in 2019
Recruiting apps make it easier for small business owners and hiring managers to find, interview, and hire workers without having to sit at a desk or use a computer. They range from job boards to applicant tracking systems, communication tools, and interview schedulers. Here are the best apps to help you recruit faster and more…