Teresa Ray « The Payroll Department

Posts Tagged Teresa Ray

Is Convenient and Easy Making a Muddle of Your Business Bookkeeping?

Posted by Elaine on April 24, 2018

Is your business going paper-free or at least relatively paper-free? While the idea sounds terrific, it can create a mess if you still operate your business bookkeeping systems like you did 30 years ago. If you are fighting a muddle of chaos, chances are that you don’t have a clear updated process in place, and that can do nothing but aggravate and stall your progress. (more…)

Tags: accounting, bookkeeper, bookkeeping, business expenses, cash flow, Grace Walker, Indiana, small business, Teresa Ray, The Payroll Department

Posted in: Bookkeeping and Accounting, Operating a Small Business

Leave a Comment (0) →

3 Reasons Why an Emergency Fund Is a Necessity for Your Business

Posted by Ariane on April 18, 2018

Most financial advisors tell people they need to have an emergency fund to cover unforeseen financial issues; job loss, medical expenses, or home repairs, that may occur in their lives. The same can be said for businesses, too. (more…)

Tags: accounting, bookkeeper, bookkeeping, business expenses, cash flow, Grace Walker, Indiana, small business, Teresa Ray, The Payroll Department

Posted in: Bookkeeping and Accounting, Operating a Small Business

Leave a Comment (0) →

Employees Must Be Proactive to Determine Accurate Payroll Tax Withholding

Posted by Teresa Ray on April 10, 2018

Way back at the end of February we wrote about the new payroll tax withholding guidelinesissued by the IRS. Since that time, the IRS has issued a new Form W-4, more information, and calculators that can help in determining payroll tax amounts to be withheld. Because of the sweeping changes in other parts of the tax law, the IRS is encouraging employees to be proactive – and are even providing some tools to do that. (more…)

Tags: calculating withholding, employees, Indiana, payroll, payroll taxes, small business, Teresa Ray, The Payroll Department, W-4

Posted in: Operating a Small Business, Payroll

Leave a Comment (0) →

IRS Issues New Withholding Guidelines for Payroll Taxes

Posted by Elaine on February 27, 2018

The Internal Revenue Service (IRS) has issued the new (percentage method) payroll withholding tables for 2018 along with notification that the W-4 Form is in the process of being updated to reflect the new tax law. For the moment, no new form is required and employers should retain the existing forms for all employees. In addition to recalculating the new payroll tax deduction, there are a several other changes for employers to consider. (more…)

Tags: IRS, outsourcing, payroll, payroll taxes, small business, tax withholding, Teresa Ray, The Payroll Department

Posted in: IRS and Tax forms, Payroll, Payroll Processing, Payroll Taxes, Rules, Regulations and Laws

Leave a Comment (0) →

How to Stay on the Path to the Most Successful Year Ever

Posted by Elaine on February 20, 2018

How is the year looking for you so far? It kind of goes along with the way of resolutions that we start the year with high hopes and ambitions, but once we get back to the daily grind, well, it gets ground away. All of us here at The Payroll Department want you to know that there are some steps you can take to put you back on the path of making this year the best one ever. (more…)

Tags: building a business, outsourcing, payroll, small business, success, successful, Teresa Ray, The Payroll Department

Posted in: Operating a Small Business, Payroll

Leave a Comment (0) →

Is It Time Your Business Hired a Bookkeeper?

Posted by Ariane on February 13, 2018

As a small business owner, are you handling your production, marketing, administration, and bookkeeping on your own? Doing it all yourself is one of the biggest mistakes that many entrepreneurs make when running a business. (more…)

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

Posted in: Bookkeeping and Accounting, Operating a Small Business

Leave a Comment (0) →

Do You Know the Difference Between Payroll Expense and Cost of Labor?

Posted by Ariane on January 30, 2018

Did you know that the cost of labor can be one of the largest expenses a small business can have? It’s second only to the cost of real estate, according to the U.S. Department of Labor. Depending upon the industry you’re in, labor costs can range from 10% to 30% – or more. For your small business, your labor costs can quickly eat up your earnings if they’re not monitored and adjusted accordingly.

(more…)

Tags: accounting, bookkeeper, bookkeeping, Brownsburg, employees, employers, Grace Walker, Indiana, outsourcing, small business, small business owners, Teresa Ray, The Payroll Department

Posted in: Bookkeeping and Accounting, Operating a Small Business

Leave a Comment (0) →

Worried about the Changes in Payroll Taxes?

Posted by Elaine on January 23, 2018

At this particular moment in time, it doesn’t matter which side you fall on for the new Tax Cuts and Jobs Act passed in late December, 2017, it will have an impact on both your personal finances and your business’s financial situation.

(more…)

Tags: Brownsburg, employees, employers, Indiana, IRS, payroll, payroll taxes, small business, small business owner, Teresa Ray, The Payroll Department, withholding

Posted in: IRS and Tax forms, Operating a Small Business, Payroll, Payroll Taxes

Leave a Comment (0) →

Discover How to Help Your Small Town Business Thrive

Posted by Elaine on January 9, 2018

Running a business in small town can be very different than owning a business in a big city. You may have less competition in your market, but if your competitors have been around longer, they likely already have long-standing customer relationships. However, there are advantages to having a small town business, such as the ability to experiment more with your products and services, and the capacity to stand out, so you can make a bigger impact. (more…)

Tags: employers, Indiana, outsource payroll, small business, small business payroll, Teresa Ray, The Payroll Department

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

Leave a Comment (0) →

Advance and Arrears: Understanding the Differences Means Good Business Decisions

Posted by Elaine on December 26, 2017

Something that comes along with all the conversation about the gig economy trend is the issue of billing and payment. There are basically two ways to get paid – in advance or in arrears. While just about everyone understands the idea of getting paid “in advance,” not everyone understands what “arrears” is and how billing in arrears works. There is the stigma that arrears is bad. There is a reason for that. But understanding the differences is important for the financial success of small businesses. (more…)

Tags: advance, arrears, income, invoices, payments, payroll, receipts, small business, small business bookkeeping, small business owners, Teresa Ray, The Payroll Department

Posted in: Bookkeeping and Accounting, Operating a Small Business

Leave a Comment (0) →

Page 2 of 9 123 4 5...»