Running your own business doesn’t mean you sit around as stacks of cash come flooding into your office. Business owners are busy nonstop to keep up with operations. Since running a business is your full-time job, you need to know how to pay yourself from your business.
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What Is 2% Shareholder Health Insurance?
Do you own an S corporation and offer health insurance to employees? If so, handling health insurance may get confusing if you have a 2% shareholder-employee. Learn how 2% shareholder health insurance works for S corporations.
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What Is Profit Sharing, and How Can it Benefit Your Business?
Looking to offer your employees an additional benefit? Consider creating a profit-sharing plan. But before you run off and create a plan, you need to know what is profit sharing. Read on to learn all about profit sharing, including how it works and steps for creating a plan of your own.
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Understanding Publication 1542 Per Diem Rates
You might have heard about per diem pay before. But, are you familiar with Publication 1542? Learn more about Publication 1542 per diem rates and how to calculate per diem pay below.
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Your Overview of State Per Diem Rates [+ Resources]
If you have employees who travel for work, you might offer them per diem pay to cover travel-related expenses. Per diem rates can vary based on the state and city your employee travels to. Read on to learn about and get resources for different state per diem rates.
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What Is Per Diem? How to Cover Employees’ Travel-related Business Expenses
When employees incur travel-related business expenses, you might consider covering their costs. You can reimburse employees for expenses by giving them per diem pay. What is per diem pay?
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What Is the Bonus Tax Rate?
Picture your star employees and how much value they add to your business. Many employers recognize their employees’ value with bonus pay. When you give an employee a bonus, you are required to withhold taxes on the additional money. To figure out how much to withhold, you need to understand the bonus tax rate.
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Sign-on Bonus: Everything You Need to Know Before Offering One
You’re struggling to find good, quality candidates to fill an open position. Or, you’ve found the perfect candidate and want to sweeten the job offer. What do you do? In either case, you may consider offering a sign-on bonus.
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How to Calculate a Salary Raise Percentage for Your Employees
Fewer employers plan to give pay raises in 2024 than in 2023, according to SHRM. Even so, 79% of businesses plan to dole out pay raises. To avoid losing your top employees, you might consider offering pay raises. Learn about criteria for raises, when to give salary raises, and how to calculate a pay raise […]
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How to Pay Employees: The Different Ways to Pay Your Employees
How do you pay your employees? With checks? Direct deposit? Other? There are several ways to pay employees, especially as money continues to move into the digital sphere. If you want to know how to pay employees, take a look at these ways to pay your employees.
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