Teresa Ray « The Payroll Department

Posts Tagged Teresa Ray

Payroll: What’s the Difference Between Contractors and Subcontractors?

Posted by Elaine on December 19, 2017

Have you thought about hiring someone to do the marketing, human resources, or payroll for your small business? Are you confused about how the relationship works between contractors and subcontractors and your business? Do you wonder how these arrangements may affect your payroll? Many times the terms – contractor and subcontractor – are used interchangeably; however, key differences do exist between the two roles. Therefore, The Payroll Department would like to clarify these terms and explain how they relate to your business’s payroll. (more…)

Tags: payroll, small business, small business owners, small business payroll, Teresa Ray, The Payroll Department

Posted in: Payroll, Payroll Processing

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3 New Payroll Regulation Changes You Need to Know

Posted by Ariane on November 14, 2017

Payroll regulation changes are happening all the time. As a small business owner, you must stay up-to-date with these changes, so you can remain legally compliant. Otherwise, you could face hefty fines and other penalties. (more…)

Tags: employers, outsourcing payroll, payroll, payroll provider, payroll regulations, small business, Teresa Ray, The Payroll Department

Posted in: Payroll, Rules, Regulations and Laws

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Would You Give an Employee a Payroll Advance?

Posted by Elaine on October 31, 2017

One of the beautiful things about small businesses is that everyone in the organization becomes like family. There is a closeness that develops that is both comforting – and maybe distressing, too. When one member of your team is experiencing hard times, it can be difficult to maintain a professional distance. For instance, what would you do as a small business owner if one of your employees came to you asking for a payroll advance? (more…)

Tags: employee loans, employees, Indiana, outsourcing, payroll advances, payroll loans, small business, small business owners, Teresa Ray, The Payroll Department

Posted in: Operating a Small Business, Payroll

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Can You Write Off Those Uncollectible Invoices as Bad Debt?

Posted by Elaine on October 24, 2017

As a small business owner you will, more than likely, encounter a customer who never pays his bill. It would be wonderful if that were not true, but if you talk with your small business owning peers, you will find everyone has a story to tell. But when it happens to you – at least for the first time – you might be a little baffled. NOW what do you do? (more…)

Tags: bad debt, bookkeeper, bookkeeping, Grace Walker, Indiana, outsourcing, small business, small business owners, Teresa Ray, The Payroll Department, write off, write off bad debt

Posted in: Bookkeeping and Accounting, Operating a Small Business

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Independent Contractors Are Becoming Mainstream in the Workforce

Posted by Elaine on October 17, 2017

Way back in 2015, we wrote a blog about the Pros and Cons of Hiring Contractors vs. Employees. In this article we shared that experts predicted by 2020 contractor workers or freelancers would make up half of the full-time workforce. This trend, now commonly referred to as the “Gig Economy” is on track to meet that prediction by 2020 or before. Are you on board? (more…)

Tags: bookkeeper, bookkeeping, employees, freelancers, gig economy, Grace Walker, independent contractors, Indiana, outsourcing, small business, small business owners, Teresa Ray, The Payroll Department

Posted in: Bookkeeping and Accounting, Operating a Small Business

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Steps to Take When a Client Has Unpaid Invoices

Posted by Ariane on October 10, 2017

While most clients understand the importance of paying their bills in full and on time, some clients inevitably will pay for goods and services late. Unpaid invoices and the effort to get them paid can be a huge challenge for a small business’ profitability – in time and money.

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

Posted in: Bookkeeping and Accounting, Operating a Small Business

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Failure to Send Payroll Taxes Could Result in 5-Year Prison Term

Posted by Ariane on September 19, 2017

The IRS can be tough when it comes to collecting payroll taxes. Businesses are required to withhold taxes from employee wages and pay these funds to the IRS. However, if the IRS doesn’t get this money, the penalties can mount up quickly. It doesn’t matter what your reason could be for not paying this money – even if it’s a good one. Not only will the IRS target the business owner, but they’ll also go after the check signer and any other person responsible for failing to pay the taxes. If you’re convicted, you could go to prison for up to five years. (more…)

Tags: Indiana, outsourcing payroll, payroll taxes, small business, small business and payroll taxes, small business payroll, Teresa Ray, The Payroll Department

Posted in: Payroll, Payroll Processing, Payroll Taxes

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Do You Know Why Your Small Business Is Failing?

Posted by Ariane on September 5, 2017

Did you know there are over 28 million small businesses in the United States, according to the Small Business Administration? If your business is succeeding, that’s great! Good job! Because, unfortunately, only about 50% of small businesses survive – and only one-third survive 10 years or more. Why do you think that happens in such numbers? (more…)

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

Posted in: Bookkeeping and Accounting, Operating a Small Business

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5 Tips to Quicker Customer Payments

Posted by Ariane on August 22, 2017

In business, you must keep an eye on your cash flow. Because, if you’re like most small business owners, how much you have in the bank depends on the speed in which your customers pay you. But how do you get your invoices paid faster? Here are some simple tips from The Payroll Department to help you get prompt customer payments. (more…)

Tags: accounts receivable, bookkeeper, bookkeeping, cash flow, Grace Walker, invoices, invoicing, Teresa Ray, The Payroll Department

Posted in: Bookkeeping and Accounting, Operating a Small Business

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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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