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5 Things Every Small Business Should Know About Payroll

YoungUpstarts

All of this work is encouraging some small business owners to outsource managing payroll. Not counting the salary and any other amounts you pay an employee, these are the different outgoings to factor in when you start hiring: Federal taxes (withholding tax: pay-as-you-go, paid directly to the IRS). Employer or Contractor?

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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. Remember that HR outsourcing is perfect for small businesses.

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Mistakes Small Businesses Make When Working with Contractors

The Startup Magazine

Dependable contractors can be a boon to many small businesses. As such, small businesses that constantly find themselves in belt-tightening mode can benefit from working with seasoned freelancers. Small business owners thinking about bringing contractors into the fold would do well to avoid the following blunders.

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5 Revenue-Neutral Benefits Small Businesses Should Offer Employees

Up and Running

In others, they require upfront investments that create enough additional value to the business that they offset their own direct costs. By crafting employee benefits packages that include enough revenue-neutral benefits, small businesses can attract top-level talent while staying within their budgetary constraints.

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Savvy Tips to Recruit Your Startup Dream Team

Up and Running

Your startup or small business may find it challenging to compete against established companies for high-quality employees. Indeed, it’ll take more than charisma, networking, and business savvy to win over top talent — you’ll need a budget to match, too. How to build your startup dream team.

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5 Ways Small Business Owners Plan Intelligently For Retirement

YoungUpstarts

Preparing financially for retirement can be complicated for anyone, but for small business owners the process often poses even more challenges. The corporate world can offer benefit plans or matching contributions. And often, Small Business Owners (“SBOs”) aren’t preparing sufficiently for retirement.

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6 Mismatches In The Workplace Lead to People Burnout

Startup Professionals Musings

One of the dysfunctions I often see in my coaching and mentoring work with small businesses is team member burnout. The impact is low employee engagement , low productivity, and ultimately business failure or lack of growth. A recent survey shows that most value real flexibility over salary and benefits.

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