Business owners and the self-employed get hit twice as hard by payroll and Social Security taxes. Put another way; if you were self-employed for your entire career, you would likely pay double the ...
As a business owner, it may be second nature to remember to pay your employees or adequately invest in your business. However, it’s just as important to compensate yourself for your contributions to ...
There are two common methods for paying yourself: a salary or an owner’s draw. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take ...
The salary is a key component of any job, and because a small business might consist of employees taking on many roles, it should establish a salary structure to establish the hierarchy of roles. This ...
Among the many topics you shouldn’t broach in the workplace, discussing salaries with your co-workers has long been considered one of the biggest offenses. It’s natural to feel squeamish talking about ...