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Along with being required by law, pay equity promotes an environment in which employees believe they are being fairly rewarded for their work. Pay equity is also crucial during recruiting, especially when employers are vying for talent in a tight labor market. By conducting pay-equity reviews,...

04 October, 2021

October 15 is fast approaching. That's the last day to file for most people who requested an extension for their 2020 tax return. These taxpayers can file any time on or before Friday, October 15 if they have all their required tax-related documents. They should also...

01 October, 2021

When Steve Dawson first started working with churches more than two decades ago, much of the accounting work was still being done by hand. Churches were just starting to use computers for spreadsheets and bookkeeping software. Not everyone was convinced that was a good idea, said...

29 September, 2021

In the last few years, fitness center memberships have dropped in price due to increasing industry competition. To stay profitable, gyms must serve hundreds of clients with a small staff, and our example gym is no exception. The gym's owners knew that it was easier to...

28 September, 2021

Before running payroll, double-check: The pay period (start and end) dates for the pay cycle. Address changes. Depending on where the employee moved to, his or her state or local tax withholding may be affected. Terminations. What are your state's rules on final wages? Is...

27 September, 2021

Small business owners have a variety of tax responsibilities. The IRS knows that understanding and meeting tax obligations is vital to the success of all businesses, especially a new one. IRS.gov has the resources and information to help people through the process of starting a...

24 September, 2021

If you’ve ever experienced payroll errors first-hand, you know the extensive costs and time-consuming efforts that go into correcting them. Even the smallest of payroll slip-ups can snowball into serious, long-term issues and increased expenses, especially if those mistakes continually occur. But when mistakes happen,...

22 September, 2021