Paychex Webinars
Paychex serves more than half a million small- to medium-sized businesses nationwide, so we understand many of the challenges you're facing. Whether you're trying to better manage cash flow, attract and retain employees, or improve productivity through HR technology, Paychex Webinars give you the information you need to make informed decisions.
Taxes
A W-9 form is an IRS tax document that businesses use to collect identification information. If your business works with freelancers or contract workers, the W-9 is where your process begins.
This guide explains what the W-9 is, who fills it out, how to complete it correctly, and what employers need to know to stay compliant with IRS reporting requirements.
Human Resources
FTE, or full-time equivalent, is a unit that converts employee hours into a measure of workforce size.
What Is FTE?
FTE stands for full-time equivalent. It represents the number of hours a full-time employee works, used as a baseline to measure the contribution of part-time or variable-hour workers. A 1.0 FTE is one employee working full-time hours; a 0.5 FTE is an employee working half of those hours.
Accounting
A general ledger is the master accounting record that contains every financial transaction your business makes, organized by account. Also called the GL or accounting ledger, it is the central record from which all financial statements, including the balance sheet, income statement, and cash flow statement, are derived.
Small Business
An Employer Identification Number (EIN) is a nine-digit IRS identifier for your business, similar to a Social Security Number for individuals. You’ll need one to hire employees, form a legal entity, or open a business bank account. Understanding when and why to get an EIN helps you start your business on the right track.
Retirement
A 401(k) rollover transfers retirement savings from one qualified account to another without triggering immediate taxes or penalties. This process helps employees consolidate savings and maintain tax advantages when changing jobs or retiring.