Business owners and the self-employed get hit twice as hard by payroll and Social Security taxes. Put another way; if you were self-employed for your entire career, you would likely pay double the ...

As a business owner, it may be second nature to remember to pay your employees or adequately invest in your business. However, it’s just as important to compensate yourself for your contributions to ...

There are two common methods for paying yourself: a salary or an owner’s draw. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take ...

The salary is a key component of any job, and because a small business might consist of employees taking on many roles, it should establish a salary structure to establish the hierarchy of roles. This ...

When hiring a team, one of the most important decisions you have to make is how to pay your employees. The two most common payment methods are hourly wage and salary. Here’s a look at the pros and ...

A manager's pay structure derives from factors such as industry, employer and individual job duties. A manager who is paid hourly receives wages based the number of hours worked in a week. A manager ...