small business owners « The Payroll Department

Posts Tagged small business owners

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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How to Increase Productivity as a Small Business Owner

Posted by Elaine on July 5, 2017

Small business owners are one of the hardest working groups of people everywhere across the world. Some are more successful than others, but it’s usually not because of a lack of trying. Productivity is key to success for entrepreneurs – there’s always so much to do! John Maxwell says, “The secret of your success is determined by your daily agenda.” He’s not alone in his view. What is it that you can do every day that will set your path and direct your energy to success? (more…)

Tags: benefits of outsourcing, bookkeeping, entrepreneurs, outsource payroll, payroll service, productivity, small business, small business owners, Teresa Ray, The Payroll Department

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

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Warning: Without an Accounts Receivable Process You Won’t Get Paid

Posted by Ariane on June 6, 2017

Occasionally, at networking and other events, we hear small business owners grumble about not getting paid for jobs they’ve done. At The Payroll Department, we understand their frustration. Often, the problem really comes down to not having an accounts receivable process in place. Many entrepreneurs “leave money on the table” by not telling their clients what their terms of payment are, not following up for payment, and worst of all, not even sending an invoice. (more…)

Tags: accounts receivable, benefits of outsourcing, bookkeeper, bookkeeping, Brownsburg, cash flow, Grace Walker, small business, small business owners, Teresa Ray, The Payroll Department

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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Top 3 Big Bad Bookkeeping Habits

Posted by Elaine on November 29, 2016

You know what the lifeblood of your small business is, don’t you? It’s money. And if you aren’t managing your money and accounting appropriately, you could be developing habits that will actually KILL YOUR BUSINESS. (more…)

Tags: accounting, benefits of outsourcing, bookkeeper, bookkeeping, bookkeeping problems, employers, small business owners, The Payroll Department

Posted in: Bookkeeping and Accounting, Operating a Small Business

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6 Reasons Your Business Needs Proper Bookkeeping

Posted by Ariane on August 23, 2016

Proper bookkeeping is an essential element for any size small business – larger or smaller. Unfortunately, many entrepreneurs often neglect this task in favor of growing and running their business, which is understandable. After all, you’re a business owner – not a bookkeeper. (more…)

Tags: benefits of outsourcing, bookkeeper, bookkeeping, Grace Walker, Quickbooks certified, small business, small business owners, The Payroll Department

Posted in: Bookkeeping and Accounting, Operating a Small Business

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Get Your Expenses and Receipts Under Control

Posted by Ariane on July 19, 2016

Are you a solopreneur? How do you handle keeping track of your expenses and receipts? Do you just throw your receipts into a big box to handle at a later time? Maybe you tell yourself that you’ll make time to scan your receipts and input your expenses on a monthly basis. But you know what ends up happening. Just like every other small business owner, you get too busy, and the task just continues to accumulate until tax time comes along and you scramble to get everything organized. So stop putting yourself through this added stress by hiring a bookkeeper. (more…)

Tags: bookkeeper, bookkeeping, Bookkeeping Department, business expenses, expenses, receipts, recording receipts, small business owners, The Payroll Department, tracking expenses

Posted in: Bookkeeping and Accounting, Operating a Small Business

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How to Turn One Lost Customer Into Many Lost Opportunities

Posted by Teresa Ray on February 24, 2015

I recently gained a new client through what might seem one of the oddest situations. The client showed up at my office and I could tell she had obviously been crying. Sporting moist eyes and blotchy patches on her cheeks and neck, I could tell the emotion behind the tears was strong. The story she told made me cringe – and it wasn’t even about payroll or payroll taxes. Not only did I cringe because it was so painful, but also because it was one that I have heard all too often. (more…)

Tags: burning bridges, business, business relationship, losing customers, small business owners, Teresa Ray, The Payroll Department

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

Outsourcing Payroll is One Way to Demonstrate Responsible Leadership for Entrepreneurs

Posted by Elaine on October 7, 2014

While her friend, Jasmin, poured her heart out to her, Olga sat quietly behind her desk. She was being a good friend by listening so intently. She was being an even better friend by biting her tongue instead of saying, “I told you so.” Jasmin began to sob as she explained that she was now in trouble with the IRS. (more…)

Tags: benefits of outsourcing, Brownsburg, In trouble with IRS over payroll, payroll service, payroll tax reporting, payroll taxes, penalties and fines from IRS, small business owners, The Payroll Department, worker classification

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

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