Small Business: US

This article is for small business owners who need an easy accounting and bookkeeping system. (My fellow accountants and bookkeepers might also find this helpful in terms of building their own technology stack (tech stack) and making recommendations to your small business clients.)  Do you look at your kitchen table with a sourpuss face dreading […]

In a recent report, Jim Clifton, Chairman and CEO of Gallup said, “The single best activity for any team leader to deliver is not employee satisfaction, but rather employee development.” The same report also found that for employees to be engaged at work, four needs must be met: Basic needs: “I have everything I need […]

Good company culture starts from the top — and the “top” means being a great leader. From the beginning, Wagepoint CEO,  Shrad Rao has always been deliberate about the company’s culture. Despite the fact that we’re a remote team of nearly 60 people — he’s been able to build a successful tech company that simplifies […]

Collecting employee feedback is crucial for the growth of any organization as employees are the biggest asset of every organization. Knowing that their feedback is taken into serious consideration makes employees feel valued. On the flip side, receiving constructive feedback also helps decrease employee turnover rates. Here are 4 useful methods for gathering employee feedback. […]

As more businesses realize the importance of learning and development (L&D) for staying relevant in today’s competitive environment, small businesses are faced with a unique challenge. While larger enterprises have little restraint when it comes to investing in employee training, smaller businesses are tied by bootstrap budgets and infrastructure-related challenges if they want to deploy […]

Savvy business owners know it costs 5x – 6x the amount to acquire a new customer than to retain an existing one. This rings true for hiring and employee retention as well. A report by the Center of American Progress found the average cost to replace an employee varies from 16% up to 213% depending on […]

As a business owner, you want to focus on what your employees can do for your business — rather than getting bogged down by the nitty-gritty of paying them. How often is your mind centered around administrative responsibilities like payroll? Have you ever incurred interest and penalties from payroll errors? When details, like income types […]

There is no question that payroll is one of the most important aspects of a construction business that needs to be managed effectively. The sheer size of construction projects, as well as a slew of tax regulations, make construction payroll a complex process. Plus, with a large workforce, payroll can be time-consuming and stressful. A […]

Have you ever developed a human resource process as a band-aid to a larger issue? Do you breathe a sigh of relief after every payday because you managed to pay your team correctly and on time? HR problems plague companies of all sizes, from brand new startups to Fortune 100 organizations However, they should not […]

You’re faced with a challenging task. It feels like climbing Mount Everest, blindfolded. Meet Ashley — she’s an employee at B Players Inc., a classic case of underperformance. She’s neither reaching her goals nor getting the job done. Let’s be honest, with her poor performance she’s a time suck for you as a manager and […]

The use of artificial intelligence (AI) is spreading like wildfire. Not because it’s state-of-the-art technology, but because it comes with plenty of valuable benefits. Adopting AI goes far beyond following a trend that boosts your business for a while before a new trend comes along. AI is here to stay, and it’s only going to […]

For many small business owners, bookkeeping is considered a necessary evil that is often ignored until the end of the fiscal year. Luckily, there are a few simple steps you can take to simplify your day-to-day bookkeeping processes — giving you more time to focus on growing your business. 1. Open Dedicated Bank and Credit […]

This is the US version of our small business tax guide for sole proprietors. For the Canadian version, click here. February 2019 Update: The tax brackets for individuals have changed. Be sure that you’re filing and paying accordingly. The standard deduction has also nearly doubled, meaning that in many cases you can skip itemizing and […]

While not every organization has a dedicated, in-house human resources (HR) team, you can bet that every company has problems that need to be addressed from an HR standpoint. Even the smallest startups can have problems that, if not corrected, can have a significant impact on operations, productivity, and the bottom line. Whether you outsource […]

In the business world, time is a valuable resource – and a scarce one at that. Are you spending it wisely? Are you completing tasks day in and day out that eat up time, which could be better spent planning and using your vision to further the company’s goals? Businesses of all sizes – with […]