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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.
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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

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

Posted in: Bookkeeping and Accounting, Operating a Small Business

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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

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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

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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

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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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Mis-categorization and Generalization Can Throw Your Accounting Records into a Tizzy

Posted by Elaine on September 27, 2016

Small business owners and entrepreneurs have a reputation for being outliers, rebels and thinkers of a different sort. Many times that means they come up with some really great ideas and innovations, but it can also mean that they stumble into problems when it comes to general accounting practices. Some big idea people are extremely detail oriented and others can’t do a thing with details – and therein lies the problem. (more…)

Tags: accounting, benefits of outsourcing, bookkeeper, bookkeeping, Grace Walker, Indiana, running a small business, small business, The Payroll Department

Posted in: Bookkeeping and Accounting

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Local Taxes Make Payroll More Complicated

Posted by Jessica on September 6, 2016

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…)

Tags: complicated payroll, Indiana, local payroll taxes, payroll taxes, small business and payroll taxes, The Payroll Department

Posted in: Payroll, Payroll Taxes

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So You think Handling Your Own Payroll is Easy?

Posted by Elaine on August 2, 2016

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…)

Tags: benefits of outsourcing, employers, Indiana, outsourcing payroll, payroll provider, payroll tax deposits, payroll tax reporting, payroll unemployment taxes, penalties and fines from IRS, small business and payroll taxes, Teresa Ray, The Payroll Department

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

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