As an employer can I fringe benefit a voluntary benefit in order to reduce the employees’ tax liability?
We do not know the type of fringe benefit you plan to provide your employees or whether you intend to provide it to them on a pre-tax or post (after)-tax basis, but if your goal is to reduce your payroll tax liabilities and increase your employees’ take home pay, then you will need to provide the benefit on a pre-tax basis through a flexible benefit (Flex), or cafeteria plan.
Read More Investors Seek Out Entrepreneurs with Resilience
If you haven’t had a failure, you aren’t pushing the limits. If you are really an entrepreneur, you are a risk taker and less cautious by nature, so failures should be expected. Wear you startup failure as a badge of courage. Don’t go after failure, but embrace it when it does happen and grow from it.
Read More Savvy Entrepreneurs Look for More Than Funding
Every entrepreneur needs help and support along the way, from developing the initial idea, to selling off the successful business (exit strategy). The challenge is finding and using qualified affordable support organizations for each stage. Don’t waste your resources on the wrong ones.
Read More Where Should You House Payroll for Your Small Business?
Every business must have payroll in some form or other. Traditionally, payroll has been one of the most outsourced processes in the business world. But despite the number of solutions available, the choice boils down to a simple dichotomy—keep your payroll in the hands of in-house administrators, or outsource your payroll to a traditional payroll service.
Read More How to Measure the Potential of Your Startup Idea
When you’re solving your own problem or one that you feel is the pain point of a certain target audience, how do you know whether there is a large enough pool of people that face the same problems or challenges that you are trying to solve?
Read More The Heart of Customer Service is Respect
Excellence comes out of respect, which is at the heart of customer service. It starts with internal service; treating the employees with the same respect and attitude as you would want the customer treated. You can’t expect the customer to experience excellence if you don’t first create excellence internally.
Read More How do I search and file a patent?
A patent for a product or business process invention is the grant of a property right to the inventor. Patent protection prevents others from using a product or business process invention for commercial purposes without the permission of the inventor. As explained the information below, there are two basic types of patents – “A design patent protects only the ornamental appearance of an invention, not its utilitarian features. A utility patent would protect the way an article is used and works”.
Read More Big Lessons for Small Businesses
There are a lot of differences between big and small businesses—but there are also a lot of times when the same thing is true for both. Brent Saunders is the CEO of Bausch & Lomb, a 159 year-old company, but in recent interviews he has shared some invaluable insights that are just as important for small business entrepreneurs as they are for Fortune 500s—if not more!
Read MoreTop 8 Franchising Do’s and Don’ts
People love lists. In keeping with this theme, FranNet is proud to bring you, the reader, the “Top-8 Franchising Do’s & Don’ts.”
Read More Who Is the Customer?
Clearly identifying the customer is critical in focusing our sales and marketing where we have the greatest insights, where we have the greatest impact, and where we get the greatest return on our investment in time and resources. Doing this focuses us on the customer where we create the greatest value.
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