Elaine « The Payroll Department

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How to Stay on the Path to the Most Successful Year Ever

Posted by Elaine on February 20, 2018

How is the year looking for you so far? It kind of goes along with the way of resolutions that we start the year with high hopes and ambitions, but once we get back to the daily grind, well, it gets ground away. All of us here at The Payroll Department want you to know that there are some steps you can take to put you back on the path of making this year the best one ever. (more…)

Tags: building a business, outsourcing, payroll, small business, success, successful, Teresa Ray, The Payroll Department

Posted in: Operating a Small Business, Payroll

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Worried about the Changes in Payroll Taxes?

Posted by Elaine on January 23, 2018

At this particular moment in time, it doesn’t matter which side you fall on for the new Tax Cuts and Jobs Act passed in late December, 2017, it will have an impact on both your personal finances and your business’s financial situation.

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Tags: Brownsburg, employees, employers, Indiana, IRS, payroll, payroll taxes, small business, small business owner, Teresa Ray, The Payroll Department, withholding

Posted in: IRS and Tax forms, Operating a Small Business, Payroll, Payroll Taxes

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Discover How to Help Your Small Town Business Thrive

Posted by Elaine on January 9, 2018

Running a business in small town can be very different than owning a business in a big city. You may have less competition in your market, but if your competitors have been around longer, they likely already have long-standing customer relationships. However, there are advantages to having a small town business, such as the ability to experiment more with your products and services, and the capacity to stand out, so you can make a bigger impact. (more…)

Tags: employers, Indiana, outsource payroll, small business, small business payroll, Teresa Ray, The Payroll Department

Posted in: Operating a Small Business, Payroll, Payroll Processing

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Advance and Arrears: Understanding the Differences Means Good Business Decisions

Posted by Elaine on December 26, 2017

Something that comes along with all the conversation about the gig economy trend is the issue of billing and payment. There are basically two ways to get paid – in advance or in arrears. While just about everyone understands the idea of getting paid “in advance,” not everyone understands what “arrears” is and how billing in arrears works. There is the stigma that arrears is bad. There is a reason for that. But understanding the differences is important for the financial success of small businesses. (more…)

Tags: advance, arrears, income, invoices, payments, payroll, receipts, small business, small business bookkeeping, small business owners, Teresa Ray, The Payroll Department

Posted in: Bookkeeping and Accounting, Operating a Small Business

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Payroll: What’s the Difference Between Contractors and Subcontractors?

Posted by Elaine on December 19, 2017

Have you thought about hiring someone to do the marketing, human resources, or payroll for your small business? Are you confused about how the relationship works between contractors and subcontractors and your business? Do you wonder how these arrangements may affect your payroll? Many times the terms – contractor and subcontractor – are used interchangeably; however, key differences do exist between the two roles. Therefore, The Payroll Department would like to clarify these terms and explain how they relate to your business’s payroll. (more…)

Tags: payroll, small business, small business owners, small business payroll, Teresa Ray, The Payroll Department

Posted in: Payroll, Payroll Processing

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5 Reasons Every Business Owner Should Reconcile Bank Accounts Monthly

Posted by Elaine on December 12, 2017

Business owners often overlook the importance of reconciling bank accounts monthly. Yet, this is one of the most crucial parts of staying on top of your company’s growth. At year end here at The Payroll Department, we hear from our business owner clients what a huge task getting ready for tax season is for them. It doesn’t have to be that way. If you’re going to manage your business accounts right, here’s what you need to know. (more…)

Tags: account reconciliation, bank account, bank reconciliation, corporate taxes, small business, The Payroll Department

Posted in: Bookkeeping and Accounting, Operating a Small Business

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Is PTO Right for Your Company?

Posted by Elaine on December 5, 2017

Managing the day-to-day operations of your business can keep any owner busy. Top it off with the holiday seasons’ flurry of vacation time and sick days, and you’ve got an even bigger challenge. Payroll and paid time off for employees can get complicated. But The Payroll Department is always ready to help you simplify and make payroll details manageable.

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Tags: employee benefits, payroll processing, PTO, sick leave, The Payroll Department, vacation time

Posted in: Employee Benefits, Payroll Processing, Staffing

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Bookkeeping: Difference Between Bids, Estimates, Proposals and Quotes

Posted by Elaine on November 28, 2017

Small business owners often need to acquire the services of other businesses. When inquiring about the services a company provides, you may be presented with a bid, quote, proposal, or estimate. Many companies often use these terms interchangeably. However, the definition of these terms can mean different things to different people and in different industries. (more…)

Tags: accounting, bookkeeper, bookkeeping, Grace Walker, small business, The Payroll Department

Posted in: Bookkeeping and Accounting, Operating a Small Business

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Bookkeeping is Customer Service at The Payroll Department

Posted by Elaine on November 21, 2017

We’ve had a big change at The Payroll Department this past year and people are still a little surprised by it. To us, it just makes sense. Customer service becomes a new customer service at The Payroll Department. We see the addition of bookkeeping services as a truly natural extension of the services we offer, for a couple of reasons. (more…)

Tags: bookkeeping, employers, Grace Walker, outsourcing payroll, payroll, small business, The Payroll Department

Posted in: Payroll

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Banish Payroll Problems and Get a Fresh Start

Posted by Elaine on November 9, 2017

I have a teacher friend who says one of the best things about teaching is that every year you get to begin anew. A room full of new faces with new challenges. Every fall is a fresh start. (more…)

Tags: payroll problems, payroll provider, switching payroll providers, The Payroll Department

Posted in: Operating a Small Business, Payroll

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