Do you ever hit snags when handling time off for salaried employees? There are specific guidelines surrounding pay deductions for salaried, exempt employees. Read the more common situations — and what you should do to stay on the right side of the law.
Small business owners heading into 2018 have a lot to be happy about — but they've also got some major concerns about the continued success of their businesses, including taxes, cash flow, and technology.
Back taxes can have serious consequences for a small business. They accrue interest and penalties, so your tax debt can quickly snowball. The IRS will hold any tax refund your business is entitled to until the past-due taxes are paid.
Contracts form the lifeblood of any enterprise, and they’re often a company’s single greatest economic asset. Yet, according to the International Association for Contract & Commercial Management (IACCM), poor contract management is costing companies an average of 9 percent of their annual revenues.
If your business is an activity that many people enjoy as a hobby – for example, making jewelry, painting oil portraits or playing in a cover band — and isn't consistently profitable, there can be a fine line between "hobby" and "business."