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2021 tax deduction checklist: 10 expenses small business owners can write off

Ruby

Although it may sound like a ton of paperwork (which, to be clear, it is), this time of year also presents tons of savings opportunities for small businesses like yours. With January in the bag, most small business owners have sent out tax forms to their employees and independent contractors. Ran a marketing campaign?

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Massachusetts’ Workplace Wellness Program Law May Set the Standard

WELCOA

The group purchasing cooperative must coordinate with an insurance carrier’s wellness program data processing systems to enable the group purchasing cooperative to effectively provide guidance to eligible association members, eligible small businesses, eligible employees and eligible dependents regarding targeted wellness programs.

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10 Important Hybrid Work Statistics to Know in 2024

Office Space

Moreover, maintaining a full-time office comes with significant costs, including rent, utilities, and maintenance. Embracing flexible work arrangements can lead to substantial cost savings on real estate, which can be redirected towards other areas of the business.

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Business owner beware: FLSA compliance and personal liability

Insperity

Being held liable for years’ worth of back wages and penalties could easily cost you and your business hundreds of thousands of dollars per incident. And if you think insurance can shield you from such expenses, think again. Control or maintenance of employment records. Authority to hire and fire employees.

Legal 177
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3 ways outdated payroll processes hurt your business

Insperity

You also need to track voluntary deductions like health insurance and 401(k) contributions, prepare and file quarterly reports, and process w-2s at the end of the year. Cost-effective solution for small businesses. Cloud-based solutions deliver seamless software upgrades that won’t disrupt business.

Payroll 171
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How to Choose a Health Care Plan

Insperity

Suzanne Boyle, health and welfare product manager with Insperity , a Texas-based professional employer organization, says that small business owners often get bogged down by all the complex details of each plan.“. Here’s some information that may help you identify your company’s and employees’ medical insurance wants and needs.

Planning 100
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Should you go solo? 4 things for attorneys to consider

Ruby

It takes time not only to gain experience as a working attorney but also to learn how to run a business. From bookkeeping, office administration, and HR issues to marketing, website maintenance, and customer relationship management, running a firm is a full-time job by itself. It takes months of preparation just to plan for it.

Legal 52