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5 Top Challenges for Small Business Owners

Posted by Paige Henry on May 15, 2018

The daily operations for any small business can be hectic, but there are a few key responsibilities that often prove to be especially challenging. Small business owners who know how to navigate these common pitfalls are better equipped to keep their company operating in the green. (more…)

Tags: bookkeeping, business challenges, business growth, business owner, new hire paperwork, outsource payroll, payroll processing, small business, The Payroll Department

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

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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

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How to Ride the Wave of Fast Business Growth

Posted by Paige Henry on April 3, 2018

Ask around, and most business owners will say that they’re looking to grow and make more money. But good business sense says that it’s better if you plan for growth, not just ride the wave of a quickly-growing business. When business is booming, there are a few key ways to ease those growing pains and keep your company on track for success. (more…)

Tags: bookkeeping, business growth, business owner, Indiana, payroll, payroll processing, small business, team building, The Payroll Department

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

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3 Steps to Make Sure Money Works for the New Business Owner

Posted by Elaine on March 27, 2018

Whether you are starting a small business intentionally or falling into it because your idea for selling a doo-dad has gone crazy, one thing you will definitely need to do is establish a process for incoming and outgoing money. That’s called keeping the books and every bit of success relies on your paying attention to the money side of your business. Here are 3 steps for the very greenest newbie that hasn’t a clue what language accountants speak. (more…)

Tags: bookkeeping, business accounts, managing money, money management, new business owner, The Payroll Department

Posted in: Operating a Small Business, Payroll

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The Promise and Benefits of Bookkeeping

Posted by Jessica on March 20, 2018

Ahhh, spring is here! The days are longer and everyone is in a good mood, right? Well, maybe. For many small business owners this time of year is very stressful. That’s because they are trying to get their business books in order to complete their tax returns. These are the weeks, almost as much as the first month of the year, is when we hear, “I’m not doing this again. Next year I’m going to …” as they fret over missing receipts, confusing records, and fear about the upcoming tax bill.

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Tags: accounting, bookkeeping, financial records, The Payroll Department

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

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Employee Awards and Gifts: What is Taxable vs. Non-taxable?

Posted by Elaine on March 15, 2018

Small business owners are a hard-working lot and when there are employees who are working hard alongside them, they recognize that and want to reward those efforts. Special cash and gift bonuses and awards come to mind, but that opens up a whole slew of questions because there are rules as to what is and is not taxable as income. It’s complicated for a business owner, but don’t let that keep you from rewarding valuable employees. Here’s some information that will help you make good decisions about employee perks. (more…)

Tags: awards, employee bonuses, gifts, payroll taxes, payroll taxes on bonuses, taxable gifts, The Payroll Department

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

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New Internship Guidelines—Who Needs to Get Paid?

Posted by Paige Henry on March 13, 2018

Offering an internship is one of the best things a company can do—both for their own interest, as well as for the community at large. The intern benefits by receiving real-world work experience for their career and interests, and the business gets a helping hand. But sometimes, that line between intern and employee can get a little fuzzy. (more…)

Tags: employees, intern, interns, internship, internship guidelines, small business, The Payroll Department

Posted in: Operating a Small Business, Payroll

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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

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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

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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.

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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

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