Whether you are starting your own business or you’re simply thinking about making changes to your current payroll structure, choosing a pay frequency is very important and you should do it carefully. There are four main pay frequencies: weekly, biweekly, semi-monthly, and monthly. Some pay frequencies are better for certain purposes than others, which is why it is important to know and understand the pros and cons of each before making a decision. There is no federal law that requires a certain frequency, but each state regulates this individually.
Read MoreIf you’re thinking of starting a business here in Michigan there are a few things you will need to prepare for before you open shop. If you’re a first time business owner, the thought of all that goes into entrepreneurship can be enough to scare you away from the idea all together; things such as setting up your tax id, hiring employees, getting business insurance and so on. Opening a business can seem like a daunting task, but with the right steps in place you’ll be ready for your grand opening in no time.
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