Archive for Operating a Small Business
When starting up and running a small business, as an owner, you’ve got lots of things to consider and do like getting a location, hiring employees, setting up systems and stocking products. Unfortunately, legal matters are one of the last things small business owners think about, but these issues can actually cause the most headaches – and may even lead to your business’s demise. (more…)
Nearly all employees agree – they love getting that paycheck! So it’s good to know that Indiana has laws in place that protect workers’ rights to receive payment for work done. One area addressed by state law concerns what can and cannot be automatically deducted from a worker’s wages by the employer. (more…)
Tags: Brownsburg, employees, Indiana laws for payroll deduction, paycheck deductions, payroll service, small business payroll, Teresa Ray, The Payroll Department
Posted in: Churches and Non-Profit Employers, Operating a Small Business, Payroll, Payroll Processing, Rules, Regulations and Laws
Leave a Comment (0) →Why would you outsource something as seemingly simple as payroll processing? I hear that question when the topic of outsourcing comes up. The reason to outsource comes down to essentially one of three important points: (more…)
Employees look forward to holidays – so do employers, kind of. For employers, especially small business owners; holidays can create little glitches in their normal operations. While it is nice to have a day off, just like getting ready to go on vacation, the week before and the week after can create so many headaches that entrepreneurs sometimes would prefer to just skip the day. Isn’t that a sad statement? (more…)
Knowing that many small businesses fail, entrepreneurs must have their business model, and goals and objectives very carefully organized and decided before venturing into the world of small business.
No matter how passionate you might be, very often the cards can be stacked against you. That is why it is imperative to leave your ego at the door. Sit down with yourself or your business partners and very honestly discuss each others’ strengths and weaknesses. (more…)
Tags: Brownsburg, entrepeneur, payroll tax reporting, payroll taxes, small business, small business and payroll taxes, starting a business, starting a small business, tax laws for payroll, Teresa Ray, The Payroll Department
Posted in: Operating a Small Business, Payroll, Payroll Processing, Payroll Taxes
Leave a Comment (0) →If your small business currently employs workers who are exempt from overtime pay, the recent presidential memorandum signed by President Barack Obama requesting changes to overtime regulations could mean your company’s payroll amounts may increase by 2015 or 2016. (more…)
Tags: Brownsburg, employers, exempt employees, FLSA overtime regulations, Indiana, overtime pay, payroll changes, small business, small business payroll, Teresa Ray, The Payroll Department
Posted in: News, Operating a Small Business, Payroll, Payroll Processing, Rules, Regulations and Laws
Leave a Comment (1) →Small business owners often tease and say they wear every hat in the building. They are the marketing person, the human resources person, the customer service person, the janitor and everything in between. But sometimes that fact is not a laughing matter, especially if you, as the entrepreneur, step outside your comfort zone to take on tasks you know nothing about. In fact, in an effort to save yourself some money, you may actually be putting everything you’ve worked for at risk. (more…)
When Judy started her catering business, she was immediately busier than she ever anticipated. So she hired two employees. And then she bought a delivery van. Then it was time to rent a larger store front. And then Judy decided to add a bakery to her business. Before she knew it, this entrepreneur had blossomed into a busy, successful small business owner. But as small business owners discover, things do not always go smoothly. (more…)
Every Sunday afternoon, Rusty noticed that his stomach was upset. By Monday morning, a knot was in his throat. For two years, there were sporadic firings going on at the company where Rusty was employed. There seemed to be no rhyme or reason for which employees were picked. The majority were given the “You’re now unemployed” news via email and handed the official pink slip on their way out the door.
When Rusty’s number was finally drawn, he read the “You’re now unemployed” email and felt an odd sense of relief. At least he didn’t have to worry and wait anymore for his turn to be on the chopping block. He was scared to death of being without a job but at least he finally knew his fate. (more…)
Some employers are going with an option of issuing wages to employees on payroll cards (like prepaid credit cards) instead of issuing checks or making direct deposits into their bank accounts. Here in Indiana, the state issues unemployment benefits that way. Although it might sound like an easy and desirable option, not everyone is thrilled with it.
In fact, the Consumer Financial Protection Bureau (CFPB) is reporting that employers are reportedly pushing the cards on their workers and that there are some issues. (more…)
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