In the last post, Introduction to Payroll, we went over the paystub, your W4 and what it all means. In this post we’re going to put that information together with the Federal Employer’s Tax Guide Publication 15 and the Federal Income Tax Withholding Methods Publication 15-T and calculate a sample paycheck (or at least the …
Remember your teenage years when Fridays were everything? School was out for the weekend and in your inbox at work a paycheck was waiting for you. It was the one day a week you really wanted to go to work because that $100 check meant your weekend was going to be a blast. To the …
Back in the early ’90s I was the owner of a small computer networking company. I didn’t have any employees at the time and it was nice to not have to manage other people. I was a sole proprietor and it paid the bills and I was happy with that. If you’re in a similar …
There are many types of insurance that might apply to your small business. Let’s go over the basics and see what you might need.
Congratulations on starting your new business! There are few feelings like the excitement of starting something new. I remember the most recent time I walked into a bank to open a new business account. I wore khakis and a button down shirt and a decent set of loafers so I’d look more professional (I always …
Your company bylaws are one of the few essential pieces of paperwork that you should have in your files. Read about it here and download a free template too.
While personal and most corporate taxes are due each year on April 15, the S-Corp is a notable exception. I suppose the IRS probably wanted to stagger the paperwork a bit and so they chose the S-Corp to file a little early, figuring it would cause the least amount of burden on taxpayers since the …
One of the few corporate compliance items you must complete to maintain that separation between you and your business is the minutes for your company meetings. “Minutes” is just the fancy word for “notes” but a little more formalized into a structure or template. It’s not difficult and an easy format is presented below. I’ve …
After writing about how to file your Statement of Information it occurred to me that how corporations are organized may not be well known. You’ve probably heard terms like Chairman of the Board, CEO, CFO, and CIO, but may not know their meanings or who reports to who. This article will shed some light on …
Remember when you incorporated there was a step for entering the directors of your company? In that step (https://www.johnonbusiness.com/form-a-corporation-in-7-easy-steps/#Directors) you could list out the primary people at the head of your organization if you wanted to disclose it even though it wasn’t required. I said not to bother since you’d have to do it again …