According to the US Small Business Administration, a small business is defined as any business with 500 or less employees. In 2018, there were approximately 30.2 million small businesses employing 58.9 million workers. As you walk down the street of your hometown, many of the products and services you purchase are from local businesses – your local car mechanic, your … Continue reading →
Did you know that small businesses represent 99.7 percent of all businesses in the United States? Defined as entities with 500 or fewer employees, they are a major economic driver, employing about half of the nation’s working population. If you are a small business owner, you already appreciate the financial independence and innovative freedom that comes with entrepreneurship. You may also … Continue reading →
No matter how many employees you have on staff, your organization needs to follow all federal laws. Unfortunately, each state/locality has their own requirements; therefore, you should know what is required of your organization to ensure you keep proper payroll records. What Are The Federal Laws Governing Payroll Records? The Fair Labor Standards Act (FLSA) requires an employer to keep certain records … Continue reading →
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