The Payroll Blog

News, tips, and advice for small business owners

  • What Accountants Should Offer Small Businesses

    November 4

    Making sure that your small business clients get the most out of their experience can seem challenging at times. However, if you want your accounting firm to be successful you have to give them an irresistible amount of service. Today, I will be sharing some strategies to grow your client base by providing your small business clients with a remarkable experience. These strategies have grown out of my experience working with my own firm, Huddleston Tax CPAs.

  • 5 Questions to Address in an End of Year Performance Review

    November 4

    With the end of the year closing in, it’s time to tie up a variety of loose ends. For many companies, this means an end of year performance review with each employee.

  • Essential Balance Sheet Facts for Small Business Owners

    November 3

    No matter what type of company they start, all small business owners need to have at least a basic familiarity with balance sheets. Balance sheets are straightforward documents which provide a snapshot of the financial condition of an individual or business. 

  • Tax Credits to Pass Along to Your Small Business Clients

    October 30

    Staying current on information regarding business tax credits for your clients can result in deeper relationships as they will see you as their trusted advisor who has their best interests in mind.

  • How Accountants Use Social Media for Business

    October 29

    Many accountants use social media for their business as a way to be present online where like-minds linger.  Social media can start and nurture conversations between you, clients, prospects and other business partners.  It’s free which makes it appealing, and online therefore it’s convenient and accessible. Once you begin using it for business, you will be represented 24/7 in the social media arena.  Social media may not generate a large amount of leads or be a place for you to run advertisements, but think of it like hanging out socially so you are present to engage in discussions that you or others instigate.

  • Reciprocal Agreements and What They Mean for Your Business

    October 28

    Unlike federal withholding, which affects employers on a universal scale, states have their own game plans when it comes to withholding. If you have employees that work and live in different states, they might be subject to reciprocal agreements.

  • The How to Get More Stuff Done Guide

    October 24

    When it comes to productivity, especially in the workplace, you never want to slack off. Instead, you should strive to reach peak performance on a daily basis.

  • Small Business Owners May Face Changes in W-2 Filings

    October 20

    Unfortunately, identify theft is something we've all become very familiar with during the past few years. We have heard countless stories of criminals who steal someone's personal and credit information and ruin their financial lives. More recently, this type of information has been stolen via some of America's most trusted brands as consumers check out in stores across the country.

  • [Infographic] How Small Businesses Drive the U.S. Economy

    October 13

    While companies like Walmart and Home Depot make headlines as bellwethers of the U.S. economy, small businesses create more than 60 percent of new jobs.

  • How to Run a Successful Restaurant Business

    October 12

    Ready for the unhappy truth about starting and running a successful restaurant business. Sixty percent of new restaurants just aren’t going to make it, according to a CNBC report. 

  • How to Open and Operate a Nail Salon

    October 12

    Did you know that approximately half of all nail techs are 80 – 100 percent booked, according to NailMag.com? It's this type of statistic that gets so many people excited about operating a nail salon.

  • How to Open and Manage a Successful Bakery

    October 12

    Did you know there are more than 630,000 direct jobs in the baking industry, according to the American Bakers Association? If you have the desire to join the industry in the near future, you can do so in a number of ways.

  • Top 5 Hidden Costs of Running Your Own Business

    October 4

    As a small business owner you know you have big responsibilities. While serving your customer base is most important, it's essential to keep a solid grasp on your company's financial situation.

  • 5 Common Reasons You Can't Get Anything Done

    October 3

    Time is money, and for this reason you want to stay on schedule day in and day out. If you find yourself wasting time, regardless of the reason, you need to make the necessary changes without delay.

  • 7 Mistakes to Avoid When Starting a Business

    October 2

    When starting a business, there are steps you should take as well as mistakes you should avoid. With the right approach, you will find yourself in better position to achieve long term success.

  • Small Business Owners Embrace Mobile Technology

    October 1

    People are finding new ways to take advantage of mobile technology seemingly every day – whether that’s through their phones, tablet and now watches. You can even adjust the heat or air conditioning of your home using a mobile device at this point.

  • How Do I Get an EIN Number?

    October 1

    A Federal Employer Identification Number (FEIN), also known as an Employer Identification Number (EIN), is used to identify a business entity. While not always the case, most companies need an FEIN to conduct business.

  • How to Fill Out the W-4

    September 27

    As an employee, there is no tax form more important than your W-4. Also known as an Employee's Withholding Allowance Certificate, this form is one that every employee needs to complete before his or her first day on the job.

  • Can I Pay My Nanny as a 1099?

    September 25

    Many people have the desire to hire a nanny. That is until they learn more about what this means from a tax perspective. Not only do you have to withhold FICA from your nanny’s paychecks, but you are responsible for paying 7.65% (6.2% for Social Security tax and 1.45% for Medicare tax) as an employer.

  • Advantages of Weekly Payroll vs. Monthly Payroll

    September 24

    From the moment a company starts hiring employees, it must decide what payroll schedule to follow. While this may sound like an easy decision, there are many options to consider.