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5 Most Important HR Terms for Small Business Owners to Know, Understand, and Use in Their Business

Posted by Elaine on July 31, 2018

Ask any business owner what one of the top challenges they have in running their business and, by far, HR or people will be in the top of responses you get. Business owners say that doing the work of their business is the easy part but people, and dealing with all the things that surround people as employees, is difficult. That being said, if you can master the following five HR terms, understand and utilize them, you might find the challenges a little less stressful. (more…)

Tags: at will employment, background checks, employee handbook, exempt and non-exempt employees, HR, outsource payroll, payroll, small business, small business owners, Teresa Ray, The Payroll Department, worker classification

Posted in: Operating a Small Business, Payroll

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Do You Know the Difference between Bookkeeping and Accounting?

Posted by Ariane on July 24, 2018

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…)

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

Posted in: Bookkeeping and Accounting, Operating a Small Business

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Healthy Business Competition Might be the Best Thing for Your Company

Posted by Paige Henry on July 17, 2018

Knowing how to stay ahead of the curve and keep your business successful often comes down to a few simple rules. Once you understand that business competition isn’t inherently a bad thing for your company, it’s a lot easier to adjust your tactics so you not only feel better at the end of the day, but that your bottom-line shows improvement, too. (more…)

Tags: bookkeeping, business advice, business competition, business growth, business owner, outsource professionals, payroll processing, small business, The Payroll Department

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

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How to Hire the Right Way for Your Business

Posted by Elaine on July 10, 2018

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…)

Tags: hiring, how to hire, new employees, outsourcing, small business, small business owners, Teresa Ray, The Payroll Department

Posted in: Operating a Small Business, Payroll

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3 Bookkeeping Solutions for Non-Tech Business Owners

Posted by Ariane on June 26, 2018

Congrats! You’re a small business owner who has turned your passion into a profitable business. Every day, you get to work on something you love. That’s what most business owners strive for. But running a business also comes with a long list of to-do tasks that you may not love doing. However, these tasks must be done to keep your business successful and growing. Bookkeeping is often cited as one of these least favorite tasks by business owners. (more…)

Tags: accounting, benefits of outsourcing, bookkeeper, bookkeeping, Grace Walker, payroll processing, small business, Teresa Ray, The Payroll Department

Posted in: Bookkeeping and Accounting, Operating a Small Business

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Handling the Limitations of Payroll Software

Posted by Ariane on June 7, 2018

If your small business employs workers, you must have a reliable payroll system. If your company only has a few employees, you may be able to get by with a manual payroll process. However, once your business starts to grow, you may decide to use payroll software to handle your payroll tasks. (more…)

Tags: Indiana, outsourcing payroll, payroll, payroll processing, payroll provider, payroll software, small business, small business payroll, Teresa Ray, The Payroll Department

Posted in: Operating a Small Business, Payroll

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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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Is Convenient and Easy Making a Muddle of Your Business Bookkeeping?

Posted by Elaine on April 24, 2018

Is your business going paper-free or at least relatively paper-free? While the idea sounds terrific, it can create a mess if you still operate your business bookkeeping systems like you did 30 years ago. If you are fighting a muddle of chaos, chances are that you don’t have a clear updated process in place, and that can do nothing but aggravate and stall your progress. (more…)

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

Posted in: Bookkeeping and Accounting, Operating a Small Business

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3 Reasons Why an Emergency Fund Is a Necessity for Your Business

Posted by Ariane on April 18, 2018

Most financial advisors tell people they need to have an emergency fund to cover unforeseen financial issues; job loss, medical expenses, or home repairs, that may occur in their lives. The same can be said for businesses, too. (more…)

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

Posted in: Bookkeeping and Accounting, Operating a Small Business

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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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