Ariane « The Payroll Department

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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

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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4 Top Issues Bookkeeping Can Help Solve for Your Small Business

Posted by Ariane on April 4, 2017

Are you damaging your business by trying to do everything, including bookkeeping, on your own? 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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Get Rid of Cash Flow Problems So Your Business Can Succeed

Posted by Ariane on March 28, 2017

Your small business depends on good cash flow. When not enough cash comes in, you can’t pay your expenses (like rent, utilities, supplies, etc.), cover your payroll, or purchase materials to provide your products and services. Your small business could be making a profit, but also experiencing financial problems, if you’re not managing your cash flow properly. A good bookkeeper, like Grace Walker of The Payroll Department, can help you stay on top of your cash flow, so your small business can succeed. (more…)

Tags: accounts receivable, bookkeeper, bookkeeping, Brownsburg, cash flow, Grace Walker, Indiana, invoices, outsourcing, small business, small business owner, The Payroll Department

Posted in: Bookkeeping and Accounting, Operating a Small Business

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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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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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Top Tips to Improve Cash Flow in Your Small Business

Posted by Ariane on February 21, 2017

What do you consider the most important factor in small business success? I won’t keep you in suspense, the two words that sum it up perfectly is: CASH FLOW. (more…)

Tags: bookkeeping, cash flow, small business, The Payroll Department

Posted in: Bookkeeping and Accounting, Employee Handbook, Operating a Small Business

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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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How to Operate in a VUCA Environment

Posted by Ariane on January 31, 2017

Does market and cultural volatility and uncertainty, the complexity of making business decisions, and ambiguity about the future worry you? Small business owners don’t have an easy job in running their businesses when dealing with the present economic environment, which is often referred to as VUCA, an acronym for volatility, uncertainty, complexity and ambiguity. Therefore, entrepreneurs need to develop strategies to use in their businesses to effectively operate within a VUCA world. (more…)

Tags: benefits of outsourcing, bookkeeping, business ambiguity, business complexity, business environment, business strategies, business uncertainty, business volatility, financial management, outsourcing bookkeeping, payroll laws, small business, small business bookkeeping, The Payroll Department, VUCA

Posted in: Bookkeeping and Accounting, Operating a Small Business

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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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Why Your Small Business Needs a Budget

Posted by Ariane on December 13, 2016

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…)

Tags: bookkeeper, bookkeeping, budget, payroll service, small business owners, Teresa Ray, The Payroll Department

Posted in: Bookkeeping and Accounting, Operating a Small Business

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