Payroll can be a royal headache for any small business owner. Correctly calculating and witholding federal, state, social security and Medicare taxes can prove daunting. Trying to keep accurate employee records and generate W-2s at the end of the year is no picnic either. True, there are large service providers like ADP which are specifically designed to deal with payroll…
Subordinate debt, also commonly referred to as mezzanine financing, is a type of loan similar to debt financing in that the loan does have to be repaid and there is commonly a fixed interest component. It resembles equity in that repayment is usually based on the company’s cash flow and the lender’s position is subordinated to other lenders. Why should…
One of the first steps in establishing your new business is to secure your Federal Employer Identification Number (FEIN) or Taxpayer ID. This number assigned by the IRS is the equivalent to a social security number for your corporation. The IRS says you will need an EIN if you answer “Yes” to any of the following questions: Do you have…
Back in the day, many businesses provided their employees with generous holiday bonuses or presents. Additionally, many gave their employees several paid days off to enjoy the holiday season with their family. However, things are slightly different today. According to a survey by Kronos Inc. and BNA, more employers will be giving their employees cash bonuses and presents this year….
All states require that a person be designated in the articles of incorporation/organization to receive service of process or other important documents from the state. This person is called a registered agent. All corporations and LLCs must choose a person to act as their registered agent. IncParadise offers a unique service that provides entrepreneurs and business owners with the ability…
Are you looking for a reliable, cost-effective voice mail and fax system for your business? IncParadise can provide you with a new voice mail and/or fax number, and password-protected access to a voice mail system for easy retrieval of your messages. In addition to setting up their own personalized voice-mail greetings, users also can secure a local phone number not…