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Posts Tagged small business

How to Ride the Wave of Fast Business Growth

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…)

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

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New Internship Guidelines—Who Needs to Get Paid?

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…)

Posted in: Operating a Small Business, Payroll

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IRS Issues New Withholding Guidelines for Payroll Taxes

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…)

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

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…)

Posted in: Operating a Small Business, Payroll

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Is It Time Your Business Hired a Bookkeeper?

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…)

Posted in: Bookkeeping and Accounting, Operating a Small Business

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4 Issues to Consider Before You Hire Employees

Is your small business finally taking off to the point where you need to hire employees? While this can be an exciting next step for any entrepreneur, it can also be a nerve-wracking change. After all, you’ll be delegating some business tasks you normally do. Plus, you’ll now being taking on the role of employer. (more…)

Posted in: Bookkeeping and Accounting, Operating a Small Business

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Do You Know the Difference Between Payroll Expense and Cost of Labor?

Did you know that the cost of labor can be one of the largest expenses a small business can have? It’s second only to the cost of real estate, according to the U.S. Department of Labor. Depending upon the industry you’re in, labor costs can range from 10% to 30% – or more. For your small business, your labor costs can quickly eat up your earnings if they’re not monitored and adjusted accordingly.

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Posted in: Bookkeeping and Accounting, Operating a Small Business

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Worried about the Changes in Payroll Taxes?

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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Posted in: IRS and Tax forms, Operating a Small Business, Payroll, Payroll Taxes

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New Pass-Through Deduction: How It Will Affect Your Business

You’ve probably heard about the new tax law – the Tax Cuts and Jobs Act (TCJA)– signed in late December 2017. If you’re a business owner, you’re likely wondering how the new law will affect your business taxes. One of the most significant and complex changes to the law deals with pass-through businesses and the pass-through deduction. (more…)

Posted in: Bookkeeping and Accounting, Operating a Small Business

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Discover How to Help Your Small Town Business Thrive

Running a business in small town can be very different than owning a business in a big city. You may have less competition in your market, but if your competitors have been around longer, they likely already have long-standing customer relationships. However, there are advantages to having a small town business, such as the ability to experiment more with your products and services, and the capacity to stand out, so you can make a bigger impact. (more…)

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

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