Understanding Your FICA Obligations as a Small Business Owner

Understanding Your FICA Obligations as a Small Business Owner

By | Payroll Tax Responsibilities | No Comments

The term FICA, which stands for Federal Insurance Contributions Act, is a mandatory federal tax that requires employees to pay a certain percentage of each paycheck towards the Medicare and Social Security programs. Employers must pay the same percentage as employees from every paycheck while self-employed individuals pay both the employer and employee portion of…

Read More
Proven Strategies to Reduce Payroll Tax Liabilities

Proven Strategies to Reduce Payroll Tax Liabilities

By | Payroll Processing, Payroll Tax Responsibilities, Taxes | No Comments

According to the Internal Revenue Service (IRS), just under one million businesses paid a penalty for problems related to the company’s annual tax return and approximately six million paid fines related to payroll taxes. Although the issue hasn’t improved much in the past three years, that doesn’t mean your company needs to waste money on…

Read More
Hire Employees with Demonstrable Soft Skills to Give Your Business a Competitive Edge

Hire Employees with Demonstrable Soft Skills to Give Your Business a Competitive Edge

By | Company Culture, Employee Onboarding, Human Resources | No Comments

Employee soft skills include such attributes as strong communication skills, the ability to solve complex problems, collaboration, and creativity. Increasingly, employers are looking at the soft skills a potential employee brings to the table when making a job offer. While those that don’t show evidence of employee soft skills might still land the job, employers…

Read More
Save Time and Money to Reduce Employee Turnover

Save Time and Money to Reduce Employee Turnover

By | Company Culture, Employee Onboarding, Small Business | No Comments

While employee turnover is a reality in your life as a business owner, it’s still costly and disruptive. You must spend time and money recruiting, hiring, and training a replacement while your current employees potentially take on a larger workload until the new hire is up to speed. Identifying your company’s weak spots and developing…

Read More