Small Business Owners

  • 5 Smart Ways to Spend Your Tax Refund

    March 20

    While filing taxes can be a painful, time-consuming task, one thing that people don’t get mad about during tax season is receiving a refund. Every year when refunds start pouring in everybody starts thinking the same thing – “what I should do with this?” Some people have had a plan in place for months and know exactly what they want to do. Others start batting around the idea of a family vacation, splurging on the latest gadget, or treating themselves to a new wardrobe. While all of those options sound great, they may not necessarily be the best choice for your refund. So how can you make the most of your refund? We have a few ideas.

  • How to Protect Your Small Business from Payroll Fraud

    March 18

    As a small business owner, you know that running payroll is a complicated task. With the fear of entering incorrect information and mistakes that lead to hefty fines, it’s a smart move to get some help and outsource your payroll. We have previously discussed what you need to look for when choosing an online payroll provider, but now we are going to let you know how to watch out for fraudulent payroll companies. As we’ve said before, not all payroll providers are created equal, so it’s important to know who is legitimate and will have your business's best interests in mind.

  • What are Wage Garnishments?

    March 11

    As a small business owner, one of the topics you may come across while calculating payroll is wage garnishments. A wage garnishment is “any legal or equitable procedure where an employer withholds some portion of a person's earnings for the payment of debt.” Understanding wage garnishments are vital because there are specific rules you need to follow when it comes to processing payroll.

  • How to Update Your 401(k) Plan in 2019

    March 8

    As a small business owner, offering a 401(k) plan for your employees is one of the best benefits you can offer. While saving for retirement is something your employees know they should be doing, they may not actually be participating in your 401(k) plan. If low 401(k) participation is a problem for your small business, download the recording for our webinar, 6 Ways to Improve and Update Your Retirement Plan in 2019, to learn how to get your employees invested.  

  • Should You File a Tax Extension?

    March 7

    Tax season tends to be a time of the year that individuals, and small business owners, don’t look forward to. Taxes can be confusing, mistakes are costly, and making sure you have all the proper paperwork can be time-consuming. While applying for an extension may be an option, you will want to be fully aware of the process, and advantages and disadvantages, before doing so.

  • SurePayroll Wins 11th Straight Stevie Award for Customer Service

    March 6

    We’re ridiculously proud of our Customer Service team today for winning their 11th straight Stevie Award, garnering a Gold for 2019 Contact Center of the Year for Financial Services in the 16th Annual American Business Awards®. 

  • What's the Cost of Losing an Employee?

    March 4

    There is no better feeling than bringing a new employee into your company. You’re positive that he or she will have a huge impact on productivity, efficiency, and of course, your bottom line.

  • How Do I Choose a Legal Structure for My Small Business?

    February 20

    When starting a small business, there are many things that you are going to have to consider and important decisions you’ll have to make in order to get your business up and running. One of these decisions that you won’t want to take lightly is choosing a legal structure. As a small business owner, there are several options to choose from, with pros and cons for each depending on your business goals.

  • 5 Payroll Mistakes to Avoid in 2019

    February 18

    With 2019 in full swing, there’s no better time than now to review your payroll system to ensure that everything is in good working order.

  • 4 Things to Add to Your 2019 To-Do List

    February 14

    There’s nothing better than the feeling of a new year. While you’re resolutions and best intentions may have dipped a little in the last month, it’s not too late to re-focus and take control of your business.

  • Client Corner: MOORE Toys & Gadgets

    February 11

    Located in Wheaton, IL, Diane Moore owns and operates the toy store MOORE Toys & Gadgets. Originally a forensic accountant, Diane was looking for a way to spend more time with her family, and possibly get them involved in a business, and thought a fun toy store is something her town needed. Her toy store is special because she sells unique toys that you would be hard pressed to find in big box chains. Merchandise is chosen with care, and she appreciates the valuable feedback from customers on items she should begin carrying in the store. Diane sat down with us and told us the value behind a strong community, shared how Small Business Saturday has been important for her business, and offered some valuable advice for those looking to operate a small business.  

  • Small Business News

    February 8

    As a small business owner, it can be hard to stay on top of current news between everything you’re juggling. With tax season in full swing, a potential government shutdown approaching, you probably have a lot of questions about what you should be doing. This week, we rounded up some articles that cover these important topics and will get you prepared for tax season and what to do in case another shutdown happens.

  • The Early Bird Gets the Refund - 4 Reasons to File Your Taxes Early

    February 4

    With W2’s out the door and tax season officially in full swing, you’re either ready to file your tax return and potentially get a refund or you’re looking at the calendar determining just how long you can put off this tax task. Did you know, besides getting your potential refund faster, there are actually several benefits to filing your taxes early?

  • Customer Service - January 25

    January 25

    When thinking about customer service, you probably are focusing more on the actual conversations with customers or ensuring you have a plan in place to help them throughout their buying journey with your small business. However, customer service is more than just the face-to-face interactions or the emails you send to customers and the help you provide when customers have questions or problems. To make your customer service efforts better than ever, we encourage you to look at other areas of customer service that you may have not considered.

  • Things Your Accountant Wants You to Know For Tax Season

    January 24

    According to Investopieda, “tax season is the time period between January 1 and April 15 of each year when individual taxpayers traditionally prepare financial statements and reports for the previous year”.  Experts are planning for this year to be even more complicated because it is the first tax year under the Tax Cuts and Jobs Act that was announced in 2018. Unless you love number crunching, chances are you don’t look forward to this time of year. From gathering receipts for eligible tax deductions, to collecting any necessary W2’s or 1099s, getting ready to do your taxes isn’t usually an enjoyable task. As a small business owner, things can get complicated fast, and it can be easy to make mistakes that could wind up costing you a lot in fines.

  • Federal Unemployment Tax Act (FUTA): 10 Things to Be Aware Of

    January 21

    Understanding the true cost of an employee can be confusing. After all, it’s not just an employee’s wages that business owners have to account for. There are also payroll taxes, benefits, and other associated costs that need to be considered.

  • Productivity Tips - January 18

    January 18

    Being productive comes in waves; some days it’s easy to hop out of bed and be ready to hit the ground running, and other days you’re hitting the snooze button continuously. If you’re trying to be more productive this year and start crushing your goals, we found some articles that can help.

  • Client Corner: I Have a Bean

    January 16

    Pete Leonard is a seasoned small business owner, and since the beginning of his small business journey, has trusted SurePayroll with all of his business ventures. With a background in software, and now a passion for roasting coffee, Pete is currently on his fifth and most personal business. As the owner of roasting company I Have a Bean, and Café On The Park, both located in Wheaton, IL, he sat down with us and shared the personal story behind these businesses, his experiences as a small business owner, and advice for those aspiring to open their own business. 

  • All Work and No Play: 4 Tips to Change Your Workaholic Ways

    January 14

    We know that as a small business owner you wear multiple hats and are constantly on the go. While running your business is a huge priority in your life, as it is how you financially support yourself, taking breaks is necessary. Burnout and exhaustion happen easily and burning the midnight oil all the time isn’t good for you or your business.

  • New Year Health - January 11

    January 11

    Choosing to make your health a priority in the new year is a popular resolution for many. However, health can take on various forms that you may not be factoring into your resolutions. This week, we have some articles that will help you start 2019 on a well-rounded healthy note covering your physical, mental and financial health.