As a small business owner, it’s more important than ever to understand the intricacies of employment types. The two most common employee classifications are W2 employees (traditional employees) and 1099 contractors (those who may work for other employers throughout the year). Recent statistics show that independent contractors, a group predominantly
What to do with manual or voided checks When running a business there may be times when you will need to manually write an employee a check. This is especially true for small businesses. If this happens, it is important you know what to do with those manual or voided
Final paystubs versus W2s Year end is fast approaching, which means it is almost time for employees to receive their final paystubs of the year. In addition to final paystubs, employers must provide a W2 to each employee by January 31st. But, are final paystubs and W2s the same? Let’s
To ensure success for your business, establishing proper accounting practices is a must. Whether a small business of 5 employees or a growing company of over 1000 employees, the basic accounting principles for every business are the same. Avoiding mistakes in your accounting and bookkeeping system improves financial heath and