Q: What Are Withholding Allowances?
Withholding allowances help employers determine how much federal income tax to withhold from each employee’s paycheck. Employees typically select the...
Payroll
Q: Biweekly Pay Schedule: Everything You Need to Know
What is a biweekly pay schedule, and how does it differ from a semimonthly pay schedule? Understand the distinction here.
Q: How do I pay myself as an owner of a C corp?
A C corporation is a business structure that’s owned by shareholders. A common alternative to the S corp, small businesses...
Q: How Do I Pay Myself as an Owner of an S Corp?
A corporation can choose to be treated as an S corporation, which passes corporate income, losses, deductions, and credits through...
Q: How do I pay myself as an owner of a multiple-member LLC?
An LLC, or limited liability company, is a lightweight business structure that melds the flexibility of a partnership with the...
Q: How do I pay myself as a partner in a partnership?
A partnership is a company that two or more people own together. Each partner contributes to all aspects of the...
Q: How Do I Pay Myself as the Owner of a Sole Prop?
A sole prop is a business that’s owned by one person and managed by that same person. It’s the most...
Q: What Is an Owner’s Draw?
Also sometimes simply called a “draw,” an owner’s draw is money that is taken out of your business directly and...
Q: What Is Form W-4?
So your employee just started—congrats! There’s just one more hurdle to getting them their first paycheck: filling out Form W-4....
Q: How Do I Give My Team a Bonus?
When you want to reward your team for a going above and beyond, a cash bonus can be a great...
