Posts Tagged The Payroll Department
Every business, organization, and household needs a certain amount of money to keep things working. Small businesses sell their services and products for it. Charities fundraise for it. Individuals work for it. But what about governments? They can’t work, don’t have anything to sell, and have a hard time inspiring people to give to them. (more…)
Posted in: Payroll, Payroll Taxes
Leave a Comment (0) →It’s just a couple of bucks … That’s what busy small business owners say to themselves all the time when they stop to pick up envelopes or paper for their office. But it’s that mindset – and the lack of accounting that can be a big cost to their business in the end. While the expenses might not add up to be more than $50 or $100 a month, that can be $600 to $1,200 a year! And the cost … (more…)
Posted in: Bookkeeping and Accounting
Leave a Comment (0) →You never know when new legislation might be passed, turning your small business’s life upside down. Just when you think you have things figured out and your business is on the right track, the government can decide that you need to change the way you operate. Small business owners in New York are currently facing a scenario in which proposed legislation threatens to change the way they will be allowed to pay their employees. (more…)
As if payroll itself wasn’t complicated enough, there are IRS reporting deadlines and deposit schedules to comply with as well. And, to make things ever more interesting, it can change depending on how your payroll changes through the year. How can a small business owner keep up with it all? (more…)
President Obama recently made news in the business world by announcing an executive change to the rules governing overtime pay. This change will result in a greater number of workers who will be eligible for overtime pay. Because this change has the potential to affect the size of workers’ paychecks, it is sure to capture the attention of employees and employers alike. (more…)
For those that may not be familiar with FMLA, it is the Family Medical Leave Act. In summary it allows employees to take a leave of absence for medically related purposes and family related medical incidents or procedures. There are several considerations to be made on whether an employer must honor the Family Medical Leave Act. The Family Medical Leave Act, according to the Department of Labor website, consists of the following: (more…)
The truth always comes out at this time of year – right after small business owners file their tax returns. Unless a business owner has learned about accounting practices and knows the ins and outs of profit and loss statements and balance sheets, the language of business finance can be absolutely foreign. As a friend of mine often says, “I think they’re talking Pekingese.” (more…)
Posted in: Bookkeeping and Accounting
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