Running a small business is fun until you get to the finances of it. So, irrespective of if you have one employee or 20, having a payroll helps streamline the finances of a small business to a certain extent. It will also save you the harsh penalties of the IRS and help fulfill your legal responsibilities towards your employees. So, if you are planning on starting a payroll for your small business, here’s how: Apply for an Employer Identification Number (EIN) Before you even start building a payroll for the small business, you need to obtain an EIN. This is a rather simple process. You can apply for your EIN online on the IRS website. Use the EIN number to file taxes. Learn all about the department of labor for your state and its rules Different states in the country have different laws regarding labor. So, you must take into account both the Federal and State laws before you start creating payroll for any small business. If you have any doubts, get in touch with an accountant or a lawyer who works with labor laws. Set up your payroll schedule To keep the inflow and outflow of cash for your small business steady, decide on a schedule for employee payments.

Businesses often need new computer software to function efficiently and improve performance. However, purchasing software is not as easy as it sounds. There are many options in the market, and choosing the wrong one can cost the business dearly. Moreover, computer programs and software are long-term investments, and it is not viable for companies to keep switching between products frequently. With that in mind, here are the common mistakes to avoid while buying software. Buying generic software Many companies invest in generic software rather than specialized ones because they are cheap and help save money in the long run. However, generic software provides basic features and lacks specific capabilities a business may require. For instance, a manufacturing company may require an inventory tracking feature, which may be absent in generic software. So, when choosing, it is critical to ensure the product meets the needs of a business. Choosing software that is hard to use While choosing computer software, one must remember that their employees are the end users. A cluttered interface and too many menus can make it challenging for them to use the software, which can affect the organization’s daily operations. Moreover, some programs have complex features that may never be used.

Conference calls have become necessary, especially as companies expand and onboard employees from different parts of the world. Besides, as the work-from-home culture gains momentum, the reliance on video-calling software has witnessed a further increase. Here, we’ll look at some of the top video conference web software and their pricing options. Zoom Zoom has become one of the most popular video conferencing software recently. You can use it not only for official meetings but also for informal catch-ups with friends and family. The basic plan is free, and you can add up to 100 participants in one call; however, the time limit is capped at 40 minutes. If needed, you can upgrade to a better plan. For instance, the Pro plan costs around $150/year and offers group meetings for up to 30 hours. You can also go for the Business plan or Enterprise plan, which cost $200/year and $240/year, respectively. The former includes recording transcripts and company branding and can host up to 300 participants, while the latter offers unlimited cloud storage and up to 500 people. Google Meet A Google-owned enterprise, Google Meet is famous and easily accessible to anyone with a Gmail account. Like Zoom, Google Meet also offers different pricing and plans besides its free version.