How Should Small Business Owners Prepare For Oregon Minimum Wage Increase?
Appreciating your employees is one of the keys to business success. Studies have shown that happy employee’s produce higher quality work, treat customers better, and are more likely to stay at their jobs. Employees who feel valued will continue to grow and deliver success to your business.
However, you may not always know if an employee feels valued or not. Below will help define if employees are feeling their value. It is important to know the differences between happy and just existing employees. This article touches on how employee’s feeling of being valued can shift to burnout. Continue reading “The Value of Appreciation”
This question is not something you can just decide or ask your employee what their preference is. Oregon State Law is very specific Continue reading “Do You Pay Your Employee Hourly or Salary?”
When you have anybody who works for you there is always paperwork involved. Tax forms, contracts, non-disclosure agreements … the list goes on and on. But there are rules on how you pay that person and what paperwork you need to collect. Continue reading “Know The Difference of An Employee & An Independent Contractor”
-The Restaurant Revitalization Fund (RRF)
The $1.9 trillion stimulus package, known as the American Rescue Package (the “Rescue Package”), enacted on March 11, 2021, established a $28.6 billion Restaurant Revitalization Fund (“Restaurant Fund”) for restaurants and other food establishments. Section 5003 of the Rescue Package instructs the Small Business Administration (“SBA”) to award tax-free federal grants (“Grants”) to eligible entities. Continue reading “SBA to Provide $28.6 Billion”
Starting a new business has many options to consider. Finding the perfect company motto and business model, what vendors fit your needs best. Who to hire and how to pay them; is a payroll service worth the cost to save your time? Knowing ahead of time how to structure your business can save you later having to change your corporation status to save the most taxes possible and best liability protection. Continue reading “Is An S-Corporation The Best Option For Your Business?”
Everybody understands why business owners tackle payroll with a Do It Yourself (DYI) approach. Every penny counts when you have your own business. But you may be walking over dollars to save pennies. You may be wondering if it is time to make a change. Continue reading “Should You Be Looking for a Payroll Service?”
March 15, 2021 is the deadline for electing S Corporation tax status for your Limited Liability Company (LLC) or C Corporation. There are a lot of tax advantages that come with the S Corp election, so this date should be on your radar. What is an S Corp election, why you would need it, and how you can request it? Continue reading “S Corp Election Deadline”
When searching for an online payroll service for your small business payroll needs,
one of the most important things you need to consider is accuracy and cost.
While there are other areas you should consider, such as payroll features, customer service support, the cost is always a top consideration when running a business. However, payroll has a wide range of costs There are few factors you will want to know about. Continue reading “Choosing A Payroll Service”