Can I take a loan from my 401k?Feel like you’re at the corner of “can I take a loan from my 401k?” and “will I hurt my retirement savings if I do?”Well, you’re not alone. Each year many hard working Americans wonder the same thing.In fact, during the ...
How to Terminate an Employee ProperlyHave you ever wondered what the best practices to terminate an employee properly are? Well, having to terminate an employee is the lowest of the low psychologically; but doing it properly is a challenge in itself.Some managers would choose to go through an ...
How to Hire the Right EmployeeThe Proven Hiring Guide to Achieve the Highest ROI. Please share with all small business owners in your circleRunning a small business independently is never easy! You need to hire the right employee to join your team to make flexible, passionate and skilled ...
Employee Vs Independent ContractorThe difference between an employee vs independent contractor can be confusing. It is important for business owners to know if their workers are employees or independent contractors (also referred to as 1099 contractors or self-employed).For employees, businesses have to withhold income taxes, Social Security, and ...
RETIREMENT PLANS & HEALTH BENEFITSRetirement plans and health benefits are very valuable benefits to employees. Most employers are aware of this and therefore provide such benefits to their employees.As a small payroll service bureau, we have partnered with Thrivent Financial to provide a wide array of such benefits ...
HOW TO REPORT WAGES FOR A DECEASED EMPLOYEEIf an employee dies during the year, you must report the accrued wages, vacation pay, and other compensation paid after the date of death.Also report wages that were available to the employee while he or she was alive, regardless of whether ...