Anyone who wants to start a small business understands that there is a financial risk. Not all businesses can succeed given the many startup costs, such as employee wages, rent for business with a physical location, employee benefits, inventory, taxes, etc. While there are some entrepreneurs who are able to use their own capital to fund the business, there are also many small business owners who r…Read More
According to the National Center for Charitable Statistics, in 2015 there were 1.56 million nonprofits registered with the Internal Revenue Service (IRS). Each of these nonprofits were established in order to promote or advocate for a particular cause, and in doing so, any extra revenue is put back into their efforts rather than distributing revenue to members of the organization. This typically m…Read More
As a small business, it is important to offer employee benefits. This helps you compete against larger companies when it comes to maintaining and attracting workforce talent. Unfortunately, medical insurance is always on the rise and is one of the main things employees are looking for. There is a way to combat this though while offering more support to your company. A PEO allows your company to be…Read More
Currently in New York, if you are an employer with fewer than 100 employees, you don’t have any leeway when it comes to pricing on medical insurance. This is due to New York State’s Community Rating Pool. This pool helps keep the market steady for small businesses and individuals who are seeking insurance. It may sound great at first, but it can cripple some companies financially. Profession…Read More
As a small business owner, your customers expect you to be up to code and up-to-date on your certifications, licenses, and insurance documents. Shouldn’t you expect the same of your professional employer organization? When it comes to finding the right PEO for your business, there’s a lot to consider. One of the things you should look for is if the PEO is IRS certified. But what makes this cer…Read More
When you run a small business, there’s a lot on your plate. You’re constantly making decisions that affect the success of your business. But at a certain point, your business will get to the point where you need to start delegating tasks in order to grow more quickly and find more success. You might hire a few managers, promote a trustworthy employee to a new role, and bring on new employees t…Read More
When it comes time for your small business to expand and improve, it is important to begin seeking the most qualified individuals in your field. Hiring a team of competent professionals should be a top priority for any expanding entrepreneurs. From higher productivity to lower turnover, the benefits of bringing in qualified individuals cannot be contested. Professional Employer Organizations (PEOs…Read More
Any small business seeking health insurance will have a plethora of choices to make and forms to fill out in order to provide suitable coverage for their employees. The Medical Link is a professional employer organization (PEO) in New York that provides optimal administrative support services in order to streamline your operations. This way, you can focus on the other important aspects of your bus…Read More
There are a lot of things first-time small business owners don’t know when they initially get started. Sure, they might have a million dollar idea, or be able to see just the perfect niche their company can fit in. They know what kind of equipment they need and they have put together a detailed business plan. But then it dawns on them that they need to pay their people, pay the right amount of t…Read More
As a small business owner, you undoubtedly know that payroll matters. Whether you have an in-house department set up to handle it, or you decide to go for HR outsourcing, making sure that your people and the IRS get paid properly is a big deal. But when it comes to payroll, it’s all about details. An owner that’s sloppy or cuts corners will likely experience numerous fines with the IRS and a b…Read More
