What to Do Before Hiring Your First Employee?

What to Do Before Hiring Your First Employee?

The time has come to make one of the most memorable decisions in the course of your business: Hiring your first employee. Countless employers before you have (by definition) gotten through this important step, and now it’s your turn! As exciting (or scary) as hiring your first employee might be, there are several things we urge you to consider before posting that job offer — including the decision between hiring an employee or an independent contractor. You’ll be doing yourself and your future employees a favor by strengthening your business’s foundation before growing your team. https://youtu.be/2mMnGRA8vC0 Consider an Accounting Software…
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How Does an Employee Retirement Plan Work?

How Does an Employee Retirement Plan Work?

Does your employer offer a 401(k) retirement plan? Retirement plans may seem really complicated, but they are worth figuring out if you want to get the most out of them. The reasons for all the complex rules and limits involved with retirement plans do indeed have a purpose: There are laws in place to make it difficult to pull money out of a retirement plan — especially a 401(k) — to encourage employees to leave the money there and let it grow.All of your own contributions,  as well as all vested employer contributions, are yours and will still be available…
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Retirement Plans for Yourself and Employees

Retirement Plans for Yourself and Employees

Watch on YouTube: The phrase “retirement plan” may send you into a panic attack, but setting one up for you and your employees is an important way to ensure that your people (and yourself) are taken care of in the long run. Let’s push through the panic and get you started with some retirement plan basics. Our goal here is to give you some base-level familiarity with retirement accounts. This article can prepare you for a future conversation with a financial advisor who has your own best interest at heart (the legal term for this is fiduciary duty). Retirement plans…
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