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13 Critical Small Business Legal Requirements to Start a Business

Up and Running

Not only do these requirements ensure that businesses operate within the law but it also protects small business owners and their consumers. . Let’s take that innovative new business idea and walk through all the requirements you need to consider to successfully start a business that’s legally recognized.

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Taking Care Of Business: Advice For Small Business Owners During Slower Months

YoungUpstarts

by Jay DesMarteau, head of small business and government banking distribution for TD Bank. This can be stressful for small business owners, who already have a lot on their minds. Brush Up on Credit and Consult Advisors. The problem?

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5 Things Every Small Business Should Know About Payroll

YoungUpstarts

The government wants its money. But making a mistake, especially when it comes to government taxes and regulations, could land you in trouble with the Internal Revenue Service (IRS). No business owner needs the added headache of an audit, and even a late payment could result in a penalty. Employees want a paycheck on time.

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5 Types of Financial Support Available If You’re Involved In An Accident & Can’t Work In Your Small Business

The Startup Magazine

Running a small business is no small feat, especially when life throws a curveball like an unexpected accident or other business owner safety risks that stop you from working. For small business owners, the stakes are personal and the financial impact immediate.

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How to Avoid Common Payroll Mistakes in Your Small Business

Up and Running

For these two reasons, it’s necessary for all small businesses to adhere to Federal payroll laws as well as State-Specific Tax Laws, or you could face severe consequences. Not only will employees lose important wages and benefits, but it means the government loses valuable tax dollars, eventually resulting in over or underpayment.

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A step-by-step guide to HR outsourcing

The Startup Magazine

Payroll management entails several steps, including: Calculating allowances (such as rent and travel expenses) and salary components (variable and net pay). An HR manager’s starting salary in the United States is roughly $90,000 plus benefits. Laws governing minimum pay and working hours. Payout processing and accounting.

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7 Tax Planning Strategies for Small Businesses

The Startup Magazine

As tax filing season approaches, small business owners start to panic. Small business tax planning is a crucial task to get right from the beginning. Every business must pay a certain percentage of gross income as tax to the state government. Does your business provide health insurance?