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…
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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…
How to Hire a Sales Rep [+Free Checklist]
Sales reps serve as the business development arm of your company, finding new clients and closing deals. In fact, some may work for commission only, if you offer the right incentives. We’ll share tips on where to look for great candidates, how to interview them, and what kind of compensation to offer when hiring sales…
Free Pay Stub Template: Tips & What to Include
A pay stub is a document that serves as a record of an employee’s paid wages in addition to taxes and deductions withheld. We provide more than 50 free pay stub templates to help you comply with laws in the 41 states that require employers provide them—even if paying with cash or direct deposit. Downloadable…
How to Hire an Intern in 5 Steps
Hiring an intern is a great way to tap into talented students who haven’t yet graduated from college. You can find interns by contacting your college career center or searching on job boards like Indeed. You can even hire unpaid interns as long as you meet FLSA guidelines when setting up your internship program. To…
Top Tips to Get the Best Payroll Training
The best training for payroll is relative to what you’re trying to accomplish. If you’re a business owner needing to run payroll for employees, you can spend little to no money learning with online resources. If you’re a payroll clerk who wants to be promoted, a $2,000 advanced payroll program might be more appropriate. If…
Restaurant Tip Pooling Laws & Guidelines
Tip pooling is combining all or a portion of all of your employees’ tips and redistributing among eligible front-of-house employees. Often confused with tip sharing, which traditionally includes employees who don’t directly receive tips, tip pooling can increase morale. However, there are laws, like forbidden management participation, that must be followed to avoid being fined….
How to Calculate & Process Retroactive Pay
Retroactive pay (retro pay) is a payment made to an employee to make up the difference between what was paid and what should’ve been paid. It can occur when salary is increased in the middle of a pay cycle or a bonus that was earned in a prior pay period is paid. In this article,…
How to Pay Independent Contractors in 5 Steps
For employers, paying independent contractors is simpler and often cheaper than paying employees because they don’t have to withhold or pay taxes. Although year-end reports are required to show amounts paid, labor laws—like minimum wage—that cover employees don’t apply. Even better, some payroll services charge $5 a month per contractor. If you’re looking for an…
6 Top Church Payroll Services 2019
Church payroll is nonprofit payroll with added clergy tax nuisances. You can use a church payroll service, and a specialist will process your payroll; software requires you do more work. Cost ranges from $600 to $1,400 a year for 10 employees. We evaluated pricing, compliance, church-specific features, and customer reviews to determine the best options….
6 Best Restaurant Payroll Software 2019
The best restaurant payroll software helps businesses pay employees accurately and on-time, manage payroll taxes, and track tips using special tip reporting features. Annual costs can range from $468 to more than $4,000 for 20 employees. We evaluated costs, restaurant-specific features, human resource support, and customer reviews to determine the top six systems. 6 Best…
Payroll Outsourcing Services, Costs & Pitfalls
Outsourcing payroll is an easy way to save time and money; instead of tracking and calculating employee pay by hand or using spreadsheets, you can hire a bookkeeper, use software, or work with a professional employer organization (PEO). Outsourcing costs are less than $100 to $4,000 annually for 10 employees, depending on the vendor. How…