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…)
Posts Tagged payroll service
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…)
We’re Still Not Done with Myths about Payroll Outsourcing
As a small business owner, your employees’ financial stability is basically in your hands. They depend on you to process payroll in a timely and accurate manner each pay period. Otherwise, your employees can’t meet their financial obligations, such as mortgage or rent payments, car loans, or household bills. (more…)
3 More Myths Small Business Owners May Believe
- 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
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…)
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…)
As a firm who works closely with small business owners, The Payroll Department hears that although many small business cannot afford to provide health insurance benefits to employees, many do want to help. For those owners who want to provide a benefit without it being health insurance coverage, legislation is coming that you need to know about. (more…)
It’s that time of year, isn’t it? I’m not talking about holidays and festivities, I’m talking about getting ready to close out the year and get ready for the new one. (more…)
Tags: benefits of outsourcing, employees, employers, employment eligibility, Employment Form I-9 change, Form I-9, payroll provider, payroll regulations, payroll service, small business, Tax forms, Teresa Ray, The Payroll DepartmentLeave a Comment (0) →
Experts have been sounding alarm bells for years about the number of individuals who are not saving enough for retirement. But many workers continue to put off preparing for the future. Now some states are taking matters into their own hands. Several states either have passed legislation or are considering legislation which would create a so-called “auto-IRA.” States are hoping that these mandatory IRAs will spur savings among employees. (more…)
Do you create a budget for your small business every year? If not, you really should develop one. A budget is a spending plan for your business. It helps you estimate your business’s costs, revenues and resources for a specific time frame, so you’ll know if you have enough money to do the things you need or want to do with your business. (more…)