Posts Tagged outsourcing
When most small business owners think of the terms bookkeeping and accounting, they often use them interchangeably. While it’s true both bookkeeping and accounting are important in the management of your company’s finances, some key differences between the two functions do exist. Therefore, business owners need to understand the roles of each and how they work together to ensure your company’s success. (more…)
Hiring for small business owners is a huge step. Adding one more expense, and one that is a high responsibility to another person or family, is a step that is not taken lightly by business owners. Often there are months of deliberation, thoughts, and prayers that go into the final decision to hire a new employee. With that high level of seriousness, what steps can a business owner take to ensure they place the best person in the role that best suits them and the company? Here are 3 Steps to making sure you on the right track in hiring your next new employee. (more…)
Here’s a stumper for you: What do Arsenio Hall, Lady Gaga, Britney Spears, and Lars Ulrich all have in common? If you don’t know Lars Ulrich, he is the drummer for the band, Metallica. Now, go ahead, what’s your guess about them all? Give up? The answer is that they have all been sued for violations of the Fair Labor Standards Act (FLSA), primarily for failing to pay appropriate, or accurate, overtime wages. What does that mean for you? (more…)
No doubt about it, expenses always seem to be going up. Employers know that their employees are tightening belts and are looking for ways to help even if significant pay raises aren’t in the current budget. For employees with families and dependent care expenses, there is a benefit some employers can offer, at least for the moment, and that is the Dependent Care Flexible Spending Account (FSA). (more…)
Tags: business, child care, DCAP, Dependent Care, Dependent Care Assistance Program, employee benefits, FSA, Indiana, outsourcing, payroll, pre-tax dollars, Teresa Ray, The Payroll Department
Posted in: Benefits and Health Care, Employee Benefits, HR Rules, Regulations and Laws, Human Resources, Operating a Small Business, Payroll, Payroll Processing, Rules, Regulations and Laws
Leave a Comment (0) →We all look forward to summer, don’t we? Longer, warm days filled with sunshine and the prospect of fun draw us into a state of reverie with the prospect of letting things slip by. That doesn’t often fly with small business owners, and certainly not when it comes to payroll. In fact, summer is one of the most challenging seasons for payroll. Let me explain why. (more…)
If you have been a business owner for even a day or two you know how complicated all the rules and regulations can be about almost every aspect of business. There are laws and forms and records and it seems there is no consistency between any of it – right? Well, let’s not get too far down the rabbit hole and try to solve every issue here. But let’s take a moment and look at payroll and employee information and records. (more…)
While many businesses can heat up during the summer, a lot of businesses experience a major slow-down. With the kids out of school, people are often busy taking vacations or participating in warmer weather activities. If your business goes through seasonal doldrums, why not take advantage of the downtime to review your business budget? You can review how your year has gone so far and plan for what you want the rest of your year to look like. (more…)
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…)
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…)
As a small business owner, are you handling your production, marketing, administration, and bookkeeping on your own? Doing it all yourself is one of the biggest mistakes that many entrepreneurs make when running a business. (more…)
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