The Payroll Blog

News, tips, and advice for small business owners

  • Reciprocal Agreements and What They Mean for Your Business

    October 28

    Unlike federal withholding, which affects employers on a universal scale, states have their own game plans when it comes to withholding. If you have employees that work and live in different states, they might be subject to reciprocal agreements.

  • The How to Get More Stuff Done Guide

    October 24

    When it comes to productivity, especially in the workplace, you never want to slack off. Instead, you should strive to reach peak performance on a daily basis.

  • Why Baby Boomer Entrepreneurs Are Not Retiring

    October 22

    With a growing number of baby boomers reaching retirement age, it is only natural to believe that an influx of small businesses would be available for sale.

  • Small Business Owners May Face Changes in W-2 Filings

    October 20

    Unfortunately, identify theft is something we've all become very familiar with during the past few years. We have heard countless stories of criminals who steal someone's personal and credit information and ruin their financial lives. More recently, this type of information has been stolen via some of America's most trusted brands as consumers check out in stores across the country.

  • Product Hunt: Disrupting the Tech and Startup Space

    October 20

    Chances are, you’ve heard of Reddit. But the beauty, and flaw, of the massive online community is that it covers a ton of ground. That means each category can get a little lost.

  • 5 Tips for Setting Up a New Company's Payroll

    October 14

    Are you in the process of getting your business up and running? Although you are wearing many hats at this time, it is important to pay the most attention to the details that can “make or break” your company during the startup phase.

  • [Infographic] How Small Businesses Drive the U.S. Economy

    October 13

    While companies like Walmart and Home Depot make headlines as bellwethers of the U.S. economy, small businesses create more than 60 percent of new jobs.

  • How to Run a Successful Restaurant Business

    October 12

    Ready for the unhappy truth about starting and running a successful restaurant business. Sixty percent of new restaurants just aren’t going to make it, according to a CNBC report. 

  • How to Open and Operate a Nail Salon

    October 12

    Did you know that approximately half of all nail techs are 80 – 100 percent booked, according to NailMag.com? It's this type of statistic that gets so many people excited about operating a nail salon.

  • How to Open and Manage a Successful Bakery

    October 12

    Did you know there are more than 630,000 direct jobs in the baking industry, according to the American Bakers Association? If you have the desire to join the industry in the near future, you can do so in a number of ways.

  • [Infographic] A Look into the Venture Capital Industry

    October 7

    Venture Capital is one of those things that’s often discussed, but maybe not completely understood. You’ll often hear about a company being “venture backed” or famous venture capital firms that make hugely profitable investments in things like Facebook.

  • Better Late Than Never: The Success of Older Entrepreneurs

    October 6

    For anyone who thinks startups are just for younger entrepreneurs, they should consider the success of companies like Starbucks, IBM and GEICO. These companies, and many other huge successes, were started by entrepreneurs over 40.

  • Top 5 Hidden Costs of Running Your Own Business

    October 4

    As a small business owner you know you have big responsibilities. While serving your customer base is most important, it's essential to keep a solid grasp on your company's financial situation.

  • 5 Common Reasons You Can't Get Anything Done

    October 3

    Time is money, and for this reason you want to stay on schedule day in and day out. If you find yourself wasting time, regardless of the reason, you need to make the necessary changes without delay.

  • 7 Mistakes to Avoid When Starting a Business

    October 2

    When starting a business, there are steps you should take as well as mistakes you should avoid. With the right approach, you will find yourself in better position to achieve long term success.

  • Small Business Owners Embrace Mobile Technology

    October 1

    People are finding new ways to take advantage of mobile technology seemingly every day – whether that’s through their phones, tablet and now watches. You can even adjust the heat or air conditioning of your home using a mobile device at this point.

  • How Do I Get an EIN Number?

    October 1

    A Federal Employer Identification Number (FEIN), also known as an Employer Identification Number (EIN), is used to identify a business entity. While not always the case, most companies need an FEIN to conduct business.

  • How to Network Like a Star

    September 29

    There is a big difference between networking and networking like a star. If you take the right approach, you will soon find that your strategy is paying off and that you are making major gains.

  • How to Fill Out the W-4

    September 27

    As an employee, there is no tax form more important than your W-4. Also known as an Employee's Withholding Allowance Certificate, this form is one that every employee needs to complete before his or her first day on the job.

  • Can I Pay My Nanny as a 1099?

    September 25

    Many people have the desire to hire a nanny. That is until they learn more about what this means from a tax perspective. Not only do you have to withhold FICA from your nanny’s paychecks, but you are responsible for paying 7.65% (6.2% for Social Security tax and 1.45% for Medicare tax) as an employer.