Paycheck frequency varies depending on your employer, job type, and local laws. From weekly to monthly pay schedules, understanding how often you’ll get paid helps with better budgeting and financial planning. Learn the common paycheck frequencies and what might work best for you.

Choosing the right business entity is a critical decision that affects your liability, taxes, and growth potential. Learn how to evaluate different entity types, from sole proprietorships to corporations, and find the best fit for your business goals and future plans.

Employers may hold the first paycheck for several reasons, from payroll processing delays to verifying employee information and compliance with legal requirements. Understanding these reasons can help new hires set realistic expectations about their initial payment.

While sole proprietorships are simple to set up, mixing personal and business finances is discouraged. Keeping funds separate protects personal assets, simplifies tax reporting, and maintains professionalism.

Hard skills are essential for payroll professionals to manage payroll processes accurately and stay compliant with tax laws and regulations. Key abilities include payroll software proficiency, tax knowledge, compliance expertise, financial analysis, and strong data entry skills. Mastering these skills ensures efficient payroll management and helps prevent costly errors.

Yes, multiple businesses can operate under one LLC by using separate trade names or DBAs. This approach offers simplicity and cost savings, but requires careful record-keeping and compliance to maintain liability protection.

Commingling occurs when personal and business funds or assets are mixed, causing legal and financial complications. Examples include mixing personal and business bank accounts, combining client funds with personal money, or merging trust assets with personal assets.

Employers' payroll systems play a vital role in managing compensation and ensuring compliance. At a minimum, they must: (1) calculate employee wages, (2) withhold and remit payroll taxes, (3) manage deductions like benefits and retirement contributions, and (4) generate accurate payroll reports and records. Each function supports financial accuracy and legal compliance.

QuickBooks Online offers cloud-based convenience, automatic updates, and anywhere access—but it’s not without its drawbacks. From reliance on internet connectivity and subscription costs to limited features and data export challenges, this article explores the key disadvantages of using QuickBooks Online and what to consider before choosing it for your business.

One notable disadvantage of forming an LLC is the limited ability to raise capital through equity financing. Unlike corporations, LLCs cannot issue stock, making it more difficult to attract outside investors. This can be a hurdle for businesses looking to scale quickly or secure significant investment.