Elaine « The Payroll Department

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Would You Give an Employee a Payroll Advance?

Posted by Elaine on October 31, 2017

One of the beautiful things about small businesses is that everyone in the organization becomes like family. There is a closeness that develops that is both comforting – and maybe distressing, too. When one member of your team is experiencing hard times, it can be difficult to maintain a professional distance. For instance, what would you do as a small business owner if one of your employees came to you asking for a payroll advance? (more…)

Tags: employee loans, employees, Indiana, outsourcing, payroll advances, payroll loans, small business, small business owners, Teresa Ray, The Payroll Department

Posted in: Operating a Small Business, Payroll

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Can You Write Off Those Uncollectible Invoices as Bad Debt?

Posted by Elaine on October 24, 2017

As a small business owner you will, more than likely, encounter a customer who never pays his bill. It would be wonderful if that were not true, but if you talk with your small business owning peers, you will find everyone has a story to tell. But when it happens to you – at least for the first time – you might be a little baffled. NOW what do you do? (more…)

Tags: bad debt, bookkeeper, bookkeeping, Grace Walker, Indiana, outsourcing, small business, small business owners, Teresa Ray, The Payroll Department, write off, write off bad debt

Posted in: Bookkeeping and Accounting, Operating a Small Business

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Independent Contractors Are Becoming Mainstream in the Workforce

Posted by Elaine on October 17, 2017

Way back in 2015, we wrote a blog about the Pros and Cons of Hiring Contractors vs. Employees. In this article we shared that experts predicted by 2020 contractor workers or freelancers would make up half of the full-time workforce. This trend, now commonly referred to as the “Gig Economy” is on track to meet that prediction by 2020 or before. Are you on board? (more…)

Tags: bookkeeper, bookkeeping, employees, freelancers, gig economy, Grace Walker, independent contractors, Indiana, outsourcing, small business, small business owners, Teresa Ray, The Payroll Department

Posted in: Bookkeeping and Accounting, Operating a Small Business

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It’s On for Electronic Reporting to OSHA – Oops, Nope, Not Quite Yet

Posted by Elaine on September 26, 2017

Like we are always saying here at The Payroll Department, there is constant and continual change from the government when it comes to employees and payroll taxes. OSHA (Occupational Safety and Health Act of 1970) reporting requirements were set to change on July 1, 2017 with the launching of its web portal in February 2017. However, because of a security breach, the portal has been temporarily suspended. What’s next?

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Tags: electronic reporting, employers, Injury Tracking Application, ITA, OSHA, small business, The Payroll Department

Posted in: Operating a Small Business

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In Small Business, A Little Savings Makes a Big Deal

Posted by Elaine on September 12, 2017

You can get online and search for ways to manage your finances as a small business owner and find thousands of ideas. Most often, you will fall into a deep abyss immersed in lots of finance words like cash flow, bottom line, profits, tax credits, and reduction of expenses. There will be talk of investing in your business and keeping a close rein on accounts receivable and accounts payable. And that’s all great advise, however there is one aspect of small business finance that doesn’t get enough attention. In fact, I think that a recent article in Entrepreneur is the first time in a l-o-n-g time that I have heard it mentioned. Know what that is?

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Tags: bookkeeping, Indiana, outsourcing bookkeeping, outsourcing payroll, payroll, payroll taxes, savings, small business, The Payroll Department

Posted in: Bookkeeping and Accounting, Operating a Small Business, Payroll

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If Outsourcing Your Payroll Processing Doesn’t Leave You Feeling Warm All Over …

Posted by Elaine on July 25, 2017

There isn’t one small business owner who needs anything that adds frustrations to their day. Here at The Payroll Department we know that for a fact because we hear about it all the time – especially when we get a call from a business owner who wants to transfer their payroll processing from a national firm to The Payroll Department. (more…)

Tags: outsourcing payroll, payroll processing, payroll service, problems with payroll services, small business, Teresa Ray, The Payroll Department

Posted in: Operating a Small Business, Payroll

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Have You Ever Heard of the Economic Realities Test?

Posted by Elaine on July 18, 2017

Most small business owners are at least aware that there is a difference between an employee and an independent contractor. Some don’t realize how very important it is that employers be crystal clear about the difference and how they employ people in their business. Here at The Payroll Department, we believe that it is such a critical decision when talking about payroll that employers need to know, and understand the terms used by the government – like the Economic Realities Test.

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Tags: classification of employees, economic realities test, employee, independent contractor, The Payroll Department

Posted in: HR Rules, Regulations and Laws, Operating a Small Business, Payroll

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How to Increase Productivity as a Small Business Owner

Posted by Elaine on July 5, 2017

Small business owners are one of the hardest working groups of people everywhere across the world. Some are more successful than others, but it’s usually not because of a lack of trying. Productivity is key to success for entrepreneurs – there’s always so much to do! John Maxwell says, “The secret of your success is determined by your daily agenda.” He’s not alone in his view. What is it that you can do every day that will set your path and direct your energy to success? (more…)

Tags: benefits of outsourcing, bookkeeping, entrepreneurs, outsource payroll, payroll service, productivity, small business, small business owners, Teresa Ray, The Payroll Department

Posted in: Bookkeeping and Accounting, Operating a Small Business, Payroll, Payroll Processing

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Could You Use an Extra 48 Hours Every Year?

Posted by Elaine on June 27, 2017

Want to know how to use up business-building time in your small business? Here’s a hint: The National Small Business Association estimates that more than 50% of American businesses spend AT LEAST 4 hours PER MONTH in payroll processing. That equals 48 hours PER YEAR – that means you lose one full week of productivity every year doing payroll. What’s that costing you??? (more…)

Tags: outsource payroll, outsourcing, payroll, payroll processing, The Payroll Department, time management

Posted in: Payroll, Payroll Processing

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The Gig Economy is Changing the Way Small Business Works

Posted by Elaine on June 13, 2017

There is little doubt that small business owners have to constantly adapt to the changes in the business arena. One area that is making an impact is the upsurge of freelancers and contract workers. A study by intuit reported that by 2020, more than 40% of the American workforce, or 60 million people, will be freelancers, contractors and temp workers. That can make a change in the workforce mix of your business, can’t it?
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Tags: 1099 workers, contract workers, gig economy, outsource, outsourcing payroll, The Payroll Department

Posted in: Payroll, Payroll Processing

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