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End-of-Year Employee Benefits Checklist

Verify employee benefit information: Confirm retirement plan eligibility Confirm health benefits (and imputed wages) Confirm fringe benefits Review sick time Review vacation time Review deferred compensation We often set and forget employee benefits, but the end of the year is an important time to verify your employee benefit information. For most retirement benefit information, like […]

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End-of-Year Employee Checklist

Verify employee data: Verify employee full name Verify employee address Verify employee Social Security number File W-2 It’s important to review employee data at the end of the year, particularly with employee names, addresses, and Social Security numbers. Improperly filing this could lead to penalties for each misfiled W-2. Check with your employees to make […]

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End-Of-Year Contractor Checklist

Verify contractor information: Verify contractor name Verify contractor address Verify contractor identification number File 1099 You’ll want to make sure all your contractor information is in one place. Like with employees, you’ll want to verify your contractor’s name, address, and identification number. The ID number can be a contractor’s SSN, ITIN, ATIN, or EIN. The […]

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How to Pivot Business Networking Strategies in a Pandemic

Many small businesses rely on word-of-mouth referrals as their main source of new business. However, obtaining referrals has become more difficult since the onset of Covid-19. Social distancing guidelines have greatly decreased the number of business networking events. Conventions, trade shows, and group gatherings have been canceled. While some business networking events have gone virtual, […]

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