How to Start a Small Business

You have an inspiration: a product, service or solution that you believe in enough to transform into a small business. The birth of your vision is point A, but to get to the successful business that is point B, you need to cover essential steps to create a solid foundation on which your company can grow.
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Implementing an Intern Program

Mar 26, 2018 | Small Business, Payroll, Human Resources | 0 Comments
(This blog post is part of The Maxwell's 2018 Guide to Payroll blog series) We started our Internship Program at Maxwell back in 2014 because we wanted to give back to our community, increase our productivity, and add fresh talent/perspectives to our company’s culture. We are going on our fourth year now, and we couldn’t be more pleased with the program and all the benefits it has had on our firm.
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Setting up Payroll: Step-by-Step

(This blog post is part of The Maxwell's 2018 Guide to Payroll blog series) Congratulations! Your business has grown enough to support staff and pay them for their work and talent. Now you’re looking for payroll solutions that will make that process as painless and accurate as possible, which takes considerable effort and expertise. Maxwell Money has your books and has your back—here’s our guide...
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Understanding FUTA Credit Reduction

Feb 13, 2018 | Payroll, Small Business, Accounting, Tax | 0 Comments
The Federal Unemployment Tax Act, or FUTA, is misunderstood by many people, including business owners. Without a full understanding of this tax component, some businesses may find they aren’t adhering to all the law's requirements. Failing to comply with this part of the tax code can lead to serious issues for your business. The FUTA tax funds the federal government's oversight of each state's...
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Basics of Workers' Comp

Feb 12, 2018 | Payroll, Compliance, Benefits, Human Resources, Small Business | 0 Comments
(This blog post is part of The Maxwell's 2018 Guide to Payroll blog series) As a new business owner, you might be wondering how Workers’ Compensation (workers' comp) works and what it means for your company and your employees? The fact is, no matter what kind of business you have, employees can get sick or hurt on the job. They might get stress injuries, slip on a wet floor, or suffer the hazards...
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How to Use Health Spending Accounts

Feb 6, 2018 | Payroll, Benefits, Insurance, Small Business, Human Resources | 0 Comments
(This blog post is part of The Maxwell's 2018 Guide to Payroll blog series) Being able to grasp the details of health spending accounts is just about as tricky as trying to understand the federal tax code, Latin or anything equally difficult. However, even though understanding these accounts can be extremely challenging, it is vital that you get to know how Health Savings Accounts (HSA) and...
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Forming an S-Corp? Take Notice of These Tax Considerations

Jan 26, 2018 | Small Business, Payroll, Compliance, Accounting | 0 Comments
(This blog post is part of The Maxwell's 2018 Guide to Payroll blog series) If you recently decided to create an S-Corporation (or S-Corp, as it's more commonly called), you have good reason for excitement -- especially if you're stepping up from the world of self-employment taxes. But an S-Corp is not a "Get Out of Taxes Free card." This business structure has its own tax rules and restrictions,...
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Tips for Selecting an Outsourced Payroll Provider

Jan 24, 2018 | Payroll, Compliance, Small Business, Technology | 0 Comments
As a business owner, you quickly discover that the reality of running a business isn't always what you imagined. That's because there are so many aspects that are likely out of your comfort zone. One example of this is managing your payroll.
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Employee Wellness Tips for a Successful 2018

Jan 19, 2018 | Human Resources, Payroll, Benefits, Small Business | 0 Comments
(This blog post is part of The Maxwell's 2018 Guide to Payroll blog series) If you’re trying to find ways to improve the engagement of current employees while boosting your employee recruitment success this year, consider ramping up your health and wellness perks. Maybe you already have a weight loss program and good health insurance options, but in 2018, high-quality employees might expect a...
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Employee Offboarding Made Easy

Jan 17, 2018 | Payroll, Small Business, Human Resources | 0 Comments
(This blog post is part of The Maxwell's 2018 Guide to Payroll blog series) Over the years, employees will come and go. Some may leave to care for a new family member, to retire, or relocate. Others may not be the right fit for your organization. Either way, losing an employee is never easy, especially if the departure is unexpected. In our experience, having a checklist on-hand to guide you...
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