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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). To improve staff retention, you should periodically update both according to industry norms. 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?

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5 Ways Small Business Owners Plan Intelligently For Retirement

YoungUpstarts

by Troy Bender, President and CEO at Asset Retention Insurance Services Inc. Preparing financially for retirement can be complicated for anyone, but for small business owners the process often poses even more challenges. Teachers, police officers, firefighters and other government employees generally receive a pension.

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30 Entrepreneurs Share How They Prepare for a Bad Economy

Hearpreneur

Tighten up your business by focusing on team wellness and feedback before the recession hits. Using feedback implements or engagement initiatives, keep employee expenditures lower later on by investing in teams’ satisfaction and retention now. 10,000 for keeping up with salaries and rental payments. 6- Focus on cash flow.

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9 Ways To Make Sure Your Small Business Is Better Off Four Years From Now

YoungUpstarts

by Michael Houlihan, coauthor of “ The Barefoot Spirit: How Hardship, Hustle, and Heart Built a Bestseller “ “Obama’s tax policies will cripple small businesses!” Whoever heads up our government will have only a minimal impact on the small businesses that form the backbone of our nation.

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Practical HR Solutions For Today’s Workplace

YoungUpstarts

As a small business owner you are likely to ask why and when you should invest in Human Resources for your company. o Do you know if your salary and benefits programs are competitive with the external markets where you compete for talent? Retention. by Susan Kreeger and Jill Krumholz, Principals of RealHR Solutions.

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The Legal Requirements to Start a Small Business in the UK Explained

Up and Running

There is no business registration with Companies House required and keeping records and accounts is simple. Many businesses start off as sole traders and change their legal status later on. There are different pension types that either require you or the government to add a specific matching dollar value to each employee pension.