EIN, TIN, DUA ID number - what are they?

EIN: Employer Identification Number - you should request one from the IRS if you have employees, or your business is a corporation or partnership. You can apply by phone, fax or mail. Go to this page on the IRS website...

More Information: How to Apply for an EIN,  DETMA Employer Registration

Tagged With: FUTA,  General Business,  SUTA

How many hours does someone need to work before I have to have workers comp insurance?

As soon as you have ANY employees, for ANY number of hours, you are required to have workers compensation insurance. The first quarter after you have any payroll, you will also be required to pay SUTA (Massachusetts Unemployment Tax). The only...

Tagged With: General Business,  SUTA,  Workers' Compensation Insurance

I'm a nonprofit, exempt from FUTA. Do I still have to pay SUTA?

Although nonprofits are exempt from FUTA (Federal Unemployment Tax), they are not exempt from SUTA unless they self-insure (in Massachusetts, this option is only available to nonprofits). Self insuring means that your organization maintains its own...

Tagged With: FUTA,  Nonprofits,  Quickbooks,  SUTA

What does an Employee REALLY Cost?

Even VERY part-time employees, with no paid breaks or other paid time off or any benefits, will cost substantially more than their hourly rate. Initially, there is the cost of hiring and training, which, depending on turn-over, can be quite high for...

More Information: What's the Real Cost of an Employee?

Tagged With: 1099 Subcontractors,  Employees,  FUTA,  General Business,  Health Insurance,  SUTA,  Workers' Compensation Insurance

What's the Massachusetts Workshare Program?

The Massachusetts Workshare Program is a way for a company to cut staff hours without laying people off completely. The company has a much better chance of keeping skilled employees during slow times, while the employees collect a paycheck for the...

More Information: What’s the Massachusetts WorkShare Program?

Tagged With: Employees,  General Business,  SUTA