Ariane « The Payroll Department

Author Archive

Steps to Take When a Client Has Unpaid Invoices

Posted by Ariane on October 10, 2017

While most clients understand the importance of paying their bills in full and on time, some clients inevitably will pay for goods and services late. Unpaid invoices and the effort to get them paid can be a huge challenge for a small business’ profitability – in time and money.

(more…)

Tags: bookkeeper, bookkeeping, 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) →

Failure to Send Payroll Taxes Could Result in 5-Year Prison Term

Posted by Ariane on September 19, 2017

The IRS can be tough when it comes to collecting payroll taxes. Businesses are required to withhold taxes from employee wages and pay these funds to the IRS. However, if the IRS doesn’t get this money, the penalties can mount up quickly. It doesn’t matter what your reason could be for not paying this money – even if it’s a good one. Not only will the IRS target the business owner, but they’ll also go after the check signer and any other person responsible for failing to pay the taxes. If you’re convicted, you could go to prison for up to five years. (more…)

Tags: Indiana, outsourcing payroll, payroll taxes, small business, small business and payroll taxes, small business payroll, Teresa Ray, The Payroll Department

Posted in: Payroll, Payroll Processing, Payroll Taxes

Leave a Comment (0) →

Do You Know Why Your Small Business Is Failing?

Posted by Ariane on September 5, 2017

Did you know there are over 28 million small businesses in the United States, according to the Small Business Administration? If your business is succeeding, that’s great! Good job! Because, unfortunately, only about 50% of small businesses survive – and only one-third survive 10 years or more. Why do you think that happens in such numbers? (more…)

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

Posted in: Bookkeeping and Accounting, Operating a Small Business

Leave a Comment (0) →

5 Tips to Quicker Customer Payments

Posted by Ariane on August 22, 2017

In business, you must keep an eye on your cash flow. Because, if you’re like most small business owners, how much you have in the bank depends on the speed in which your customers pay you. But how do you get your invoices paid faster? Here are some simple tips from The Payroll Department to help you get prompt customer payments. (more…)

Tags: accounts receivable, bookkeeper, bookkeeping, cash flow, Grace Walker, invoices, invoicing, Teresa Ray, The Payroll Department

Posted in: Bookkeeping and Accounting, Operating a Small Business

Leave a Comment (0) →

The Small Business Owner’s Guide for a Worry-Free Vacation

Posted by Ariane on August 8, 2017

If you’re a small business owner, do you plan on taking a vacation this year? If not, you’re not alone. Per a 2014 survey conducted by Ondeck Capital, 43% of business owners didn’t plan on taking a vacation that year. It’s not surprising when you consider that many entrepreneurs feel they can’t get away – otherwise, their small business might fall apart. Even among those who planned to take a vacation, 67% said they were going to check in with work at least once a day.
(more…)

Tags: Indiana, outsourcing payroll, payroll, plan for vacation, prepare for vacation, small business, small business owners, Teresa Ray, The Payroll Department, vacation preparation

Posted in: Operating a Small Business, Payroll

Leave a Comment (0) →

10 Tips for a Successful Franchise Business

Posted by Ariane on July 11, 2017

Have you thought of running a franchise? Or, maybe you currently own one – or more. Running any small business – even a franchise – isn’t easy. However, a franchise does come with certain built-in advantages. It’s basically known as a business in a box, because the business has already been developed by the franchisor. For instance, a franchise already comes with brand name recognition, so, theoretically, getting customers should be a little easier. Also, in some cases, the franchisor provides franchise owners with detailed manuals to help them run their business. While these things are helpful, running a franchise is still hard work and can be overwhelming, especially when starting out.
(more…)

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

Posted in: Bookkeeping and Accounting, Operating a Small Business

Leave a Comment (0) →

Common Myths about Outsourcing Payroll, Part 4

Posted by Ariane on June 20, 2017

We’ve Reached the Last 2 Myths of 10 Total

If you’re a small business owner and you have employees, you must do payroll. It’s a given. You can’t get out of it. Your employees expect to be paid for their work. However, that doesn’t mean YOU have to do your own payroll. You can outsource your payroll to a payroll service provider like The Payroll Department. But many small business owners won’t subcontract their payroll, because they believe all these myths about outsourcing payroll that they hear from other people. (more…)

Tags: benefits of outsourcing, business, employees, employers, Illinois, Indiana, Kentucky, Michigan, Ohio, outsourcing payroll, payroll, payroll provider, small business payroll, Teresa Ray, The Payroll Department

Posted in: Payroll, Payroll Processing

Leave a Comment (0) →

Warning: Without an Accounts Receivable Process You Won’t Get Paid

Posted by Ariane on June 6, 2017

Occasionally, at networking and other events, we hear small business owners grumble about not getting paid for jobs they’ve done. At The Payroll Department, we understand their frustration. Often, the problem really comes down to not having an accounts receivable process in place. Many entrepreneurs “leave money on the table” by not telling their clients what their terms of payment are, not following up for payment, and worst of all, not even sending an invoice. (more…)

Tags: accounts receivable, benefits of outsourcing, bookkeeper, bookkeeping, Brownsburg, cash flow, Grace Walker, small business, small business owners, Teresa Ray, The Payroll Department

Posted in: Bookkeeping and Accounting, Operating a Small Business

Leave a Comment (0) →

How Outsourcing Your Bookkeeping Can Help with Your Small Business Exit Strategy

Posted by Ariane on May 30, 2017

Congrats! You’re a successful small business owner, but now you’re starting to think about moving on or retiring. Whether you’ve been in business for one year or 25 years, you need to plan your exit strategy. What do you want to do with your small business? Walk away from it? Sell it to someone else? Merge with another business? (more…)

Tags: bookkeeper, bookkeeping, Brownsburg, business exit strategy, Grace Walker, Indiana, outsourcing, outsourcing payroll, small business, Teresa Ray, The Payroll Department

Posted in: Bookkeeping and Accounting, Operating a Small Business

Leave a Comment (0) →

Common Myths about Outsourcing Payroll, Part 3

Posted by Ariane on May 23, 2017

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…)

Tags: Brownsburg, employers, Indiana, outsourcing, outsourcing payroll, payroll, payroll provider, payroll service, small business, small business payroll, Teresa Ray, The Payroll Department

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

Leave a Comment (0) →

Page 2 of 7 123 4 5...»