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Archive for Payroll

Truth or Consequences – A Payroll Error

Posted by Elaine on April 25, 2017

Recently I had an entertaining lunch with a friend that was great fun, but it really brought up some important, and serious, issues. When a paycheck goes terribly wrong, what happens? Payroll errors can have long-lasting repercussions. (more…)

Tags: mistake on paycheck, outsourcing payroll, payroll error, payroll processing, payroll services, The Payroll Department

Posted in: Operating a Small Business, Payroll Processing

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Common Myths about Outsourcing Payroll, Part 2

Posted by Ariane on April 18, 2017

3 More Myths Small Business Owners May Believe

Last month, The Payroll Department explored three common myths about outsourcing payroll that entrepreneurs may have:

Myth #1: In-house payroll processing saves time and money – and is error-free.
Myth #2: Payroll outsourcing is too expensive.
Myth #3: Outsourcing payroll means I lose control over my payroll

(more…)

Tags: benefits of outsourcing, bookkeeper, bookkeeping, outsourcing payroll, payroll service, small business, The Payroll Department

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

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What Can You Do for Employees and Their Retirement Dreams?

Posted by Elaine on April 11, 2017

Some people dream of their retirement days – what they are going to do, where they want to be, all sorts of ideas above and beyond resting are included in those plans. Other people feel they are never going to be able to afford to retire and don’t see any of those golden dreams when they shut their eyes at the end of a long work day. A lot of their beliefs can be shaped by retirement savings.
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Tags: automatic payroll deductions, employee benefits, outsourcing payroll, payroll deductions, retirement benefits, savings plans for employees, The Payroll Department

Posted in: Benefits and Health Care, Employee Benefits, Operating a Small Business, Payroll, Retirement plans

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4 Top Issues Bookkeeping Can Help Solve for Your Small Business

Posted by Ariane on April 4, 2017

As a small business owner, you want your business to grow and succeed. But all small businesses are plagued by the same common problems that can impede their success. Part of the problem is, try as they might, entrepreneurs are just not as knowledgeable and effective in all areas of their businesses as they would like. This lack of knowledge and ineffectiveness can lead to inadequate processes, errors, and missed opportunities.

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Tags: bookkeeper, bookkeeping, cash flow, Grace Walker, outsourcing, small business, small business owner, Teresa Ray, The Payroll Department

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

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Common Myths about Outsourcing Payroll, Part 1

Posted by Ariane on March 21, 2017

Do These 3 Myths Sound Familiar to You?

Outsourcing payroll is becoming a more popular option for many small business owners. After all, employees want to get paid accurately and in a timely manner. However, many small business owners still spend hours and hours a week processing their payroll instead of spending that time on what they do best – running their businesses. (more…)

Tags: Brownsburg, Indiana, mistakes on payroll, outsourcing, outsourcing payroll, payroll, payroll provider, payroll services, payroll taxes, small business payroll, Teresa Ray, The Payroll Department

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

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What Can Your Small Business Do about Healthcare Benefits?

Posted by Elaine on March 7, 2017

Healthcare and insurance continues to be a quagmire for millions of people to wade through today. If you are an employer with any number of employees, healthcare benefits are on your mind, too. (more…)

Tags: direct pay medicine, direct pay primary care, health insurance benefits, healthcare and benefits, HSA, MSA, outsourcing, payroll, payroll services, small business, Teresa Ray, The Payroll Department

Posted in: Benefits and Health Care, Employee Benefits, Operating a Small Business, Payroll Processing, Rules, Regulations and Laws

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How Much Can Your Business Afford to Pay You?

Posted by Ariane on February 28, 2017

Every small business owner inevitability wants to know the answer to: How much should I pay myself? After all, it’s one of the reasons you went into business in the first place – to earn money. Unfortunately, there aren’t any set guidelines that outline when and how much you should be paid. (more…)

Tags: bookkeeping, owner salary, payroll service, small business, small business payroll, The Payroll Department

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

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6 Payroll Terms Business Owners Need to Know

Posted by Ariane on February 14, 2017

As a small business owner, you know all about your products or services. You’re the expert. However, when it comes to payroll, you may be an amateur with a limited understanding about compensation and taxes. Nevertheless, you may be trying to handle your company’s payroll on your own. Or, maybe you’ve realized you just don’t have the know-how to tackle your company’s payroll, so you’ve hired an employee or a payroll services like The Payroll Department to handle your company’s payroll for you. (more…)

Tags: employees, employer payroll garnishment, employers, payroll, payroll provider, payroll terminology, payroll terms, small business, Teresa Ray, The Payroll Department

Posted in: Operating a Small Business, Payroll

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Civil Penalties for DOL Violations Increase January, 2017

Posted by Elaine on February 7, 2017

In so many of our blogs we go on about the expense to small business owners when they don’t comply with reporting and deposit regulations when it comes to taxes and governmental reports and filings. It’s not because we want to scare you. It’s because we want you to see how quickly these penalties and interest can add up for one mistake – even if it is an inadvertent mistake. (more…)

Tags: civil penalties, compliance, DOL, employers, labor laws, payroll service, payroll tax reporting, payroll taxes, penalties, The Payroll Department

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

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How Long Should You Keep Your Business Tax Records?

Posted by Ariane on January 17, 2017

Every year, as your small business files its taxes, your company is left with stacks of paperwork. You may shove it into a filing cabinet or a storage box. However, eventually, you may wonder: How long do I need to keep these tax records? (more…)

Tags: benefits of outsourcing, bookkeeping, employers, small business owners, tax record retention, tax records, The Payroll Department

Posted in: Bookkeeping and Accounting, HR Rules, Regulations and Laws, IRS and Tax forms, Operating a Small Business, Payroll Taxes, Rules, Regulations and Laws

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