Operating a Small Business « The Payroll Department

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Is Your Bookkeeping Killing Your Small Business?

Posted by Elaine on May 24, 2016

It’s pretty overwhelming when you think about it – one out of five new businesses are destined to fail. The top reasons for small business failures all tie back in some way to financial management. Cash flow, cash management and just knowing the numbers are at the crux of the problem. The reasons for that are probably pretty simple: many small business owners don’t go into business to do bookkeeping and be a financial analyst. They go into business to provide a product or service to the masses. That’s what really floats their boat. (more…)

Tags: benefits of outsourcing, bookeeping service, bookkeeper, cash flow, employers, financial management, Indiana, small business, The Payroll Department

Posted in: Bookkeeping and Accounting, Operating a Small Business

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What’s the Value of an Employee to You?

Posted by Jessica on May 17, 2016

Every small business owner understands the value of employees on some level. Day-to-day operations would fail without employees. As a small business grows, more employees are necessary to keep the doors open. And it does not take long for a business owner to recognize the boost that a good employee can provide to the bottom line. But does this understanding make a difference in how employees are treated? As this article explains, some companies have chosen to demonstrate just how much they value their employees by implementing specific policies. Can you learn anything from their example? Read on to find out. (more…)

Tags: employee performance, employees, employers, Indiana, payroll, payroll service, small business, The Payroll Department

Posted in: Human Resources, Operating a Small Business, Payroll

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5 of the Biggest Payroll Mistakes that Small Business Owners Make

Posted by Elaine on April 26, 2016

Have you ever read something and found yourself shaking your head in agreement through the entire piece? Well, when I saw a slide presentation from Accounting Today about the payroll errors commonly made by small business owners, I had to agree. I personally have been given these reasons for why some of my clients make the decision to outsource their payroll to The Payroll Department! These are costly mistakes when the IRS or other governmental agency gets involved – I know lots of people who will agree with that. Don’t be caught out! (more…)

Tags: benefits of outsourcing, Brownsburg, employee classification, Indiana, payroll mistakes, payroll service, payroll tax reporting, small business payroll, Teresa Ray, The Payroll Department, worker classification, Zionsville

Posted in: Churches and Non-Profit Employers, IRS and Tax forms, Operating a Small Business, Payroll, Payroll Processing, Rules, Regulations and Laws

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4 Benefits of Outsourcing for Your Small Business

Posted by Ariane on April 19, 2016

As an entrepreneur, are you trying to do it all when it comes to running your small business? While you may think you’re the only one who can do the work efficiently, that’s not really the case. If you want your small business to grow, you need to learn how to let go and start delegating tasks that really aren’t your forte. However, some entrepreneurs don’t want to hire full- or part-time employees to take on these responsibilities. That’s when outsourcing makes a lot of sense. (more…)

Tags: benefits of outsourcing, Brownsburg, employers, Indiana, outsourcing payroll, payroll service, small business, small business payroll, The Payroll Department

Posted in: Churches and Non-Profit Employers, Operating a Small Business, Payroll, Payroll Processing

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Employers Need to Be Aware of Differences in Federal and State Labor Laws

Posted by Elaine on April 12, 2016

Employers cannot rely solely on the guidelines in the Fair Labor Standards Act. So, if you think you know that Act inside and out and you are safe … think again. Why? Because each state also has its own set of rules, regulations and laws by which you must abide if you are a resident of their state. And that can get you into trouble. (more…)

Tags: benefits of outsourcing, difference between federal and state labor laws, employees, employers, Indiana, outsourcing payroll, payroll provider, shortage in cash drawer, small business, small business payroll, Teresa Ray, The Payroll Department

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

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Things to Know About Withholding County Taxes

Posted by Jessica on April 5, 2016

A tax is a tax is a tax, right? Well, as anyone who has ever read a single paragraph of the state or federal tax code knows, there is rarely a simple answer to any tax-related question. If you’re a small business owner, you probably understand a little bit about the complexity of payroll taxes. Besides the responsibility of withholding federal taxes, small businesses must also withhold state and local taxes. As you will see, the rules governing county taxes alone can make you feel a little dizzy. (more…)

Tags: county payroll taxes, employees, employers, Indiana, local payroll taxes, payroll provider, payroll taxes, small business and payroll taxes, Teresa Ray, The Payroll Department

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

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Are You Opening Up Your Small Business to Payroll Fraud?

Posted by Elaine on March 29, 2016

According to an article in Forbes by Matthew Garrett, payroll fraud is a problem. A really big problem. He says that 27% of all businesses are the victims of payroll fraud. And, small business owners beware, because Garrett says payroll fraud occurs nearly twice as often (14.2%) in small organizations with less than 100 employees than in large ones (7.6%). (more…)

Tags: Brownsburg, employees, employers, payroll fraud, payroll provider, payroll service, small business, Teresa Ray, The Payroll Department

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

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Employers Must Pay for Short Employee Breaks

Posted by Ariane on March 22, 2016

As an employer, you set the policies for managing your small business and your employees. But you better make sure your payroll policies follow government rules. Otherwise, you may have to pay back wages and fines. Just ask Progressive Business Publications. The Pennsylvania company owes current and former employees about $1.75 million in back wages and damages for docking its employees’ pay for bathroom breaks. (more…)

Tags: Brownsburg, employees, employers, Indiana, laws regarding employee breaks, paid breaks, payroll service, small business, Teresa Ray, The Payroll Department

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

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Minimum Wage – more than meets the eye

Posted by Elaine on March 15, 2016

Minimum wage is a hot topic in the media these days, but we aren’t going to debate increasing the minimum wage to $15. The amount may be under debate, but the one thing that doesn’t change is the fact that employers have laws to follow regarding minimum wage. (more…)

Tags: Brownsburg, compliance, employees, Indiana, minimum wage, payroll laws, payroll service, small business, small business payroll, Teresa Ray, The Payroll Department

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

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How to Take a Proactive and Diligent Defense Against Payroll Fraud

Posted by Jessica on March 8, 2016

What do you know about payroll fraud? Have you given it much consideration? Payroll fraud is a crime in which employees use the payroll system to steal money from a company, and it does happen. In fact, an article in Forbes reports that 27% of all businesses experience payroll fraud and that small businesses are nearly twice as likely to encounter fraud as larger businesses are. As these statistics show, this is obviously a problem that should not be ignored. (more…)

Tags: Brownsburg, payroll fraud, payroll processes, payroll service, small business payroll, Teresa Ray, The Payroll Department

Posted in: Operating a Small Business

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