The Payroll Blog

News, tips, and advice for small business owners

  • How to Grow Your Accounting Business Through Payroll

    September 21

    Professional accountants assume the roles of trusted advisor and partner to small businesses, delivering sound financial management at every stage of their clients’ business process. But, did you know that according to a study by L. Harris Partners nearly 1 in 3 clients use multiple CPA firms, due to one firm lacking what the other one entails?

  • Advantages of Monthly Payroll vs. Quarterly Payroll

    September 18

    As you attempt to settle on a particular payroll schedule, you will find that there are multiple options – some of which are going to be better for your business than others.

  • 4 Crucial Tips to Running a Profitable Business

    September 18

    Running your own business can be an extremely fulfilling occupation, but it will not last long if the business does not turn a profit. How do you make sure you are not spinning your wheels or falling into an expensive hole while pursuing your dream of business ownership?

  • The Importance of Using Accounting Software

    September 16

    Many small business owners are aware of the importance of using accounting software. And then you have those who are stuck in the past, using a “pen and paper” system because that is what they have become familiar with over the years.

  • Should I Hire an Independent Contractor or Employee?

    September 16

    As a small business owner, it is important to know when you need additional workers and when you can hold off on hiring. This can be a slippery slope, especially when you begin to consider all your options.

  • The Payroll Schedule: How to Create One

    September 15

    Small business owners often spend a lot of time developing and utilizing the payroll schedule. While most owners aren’t payroll experts, a flawless schedule is critical. When payroll mistakes happen, employees may get shortchanged or paid late. This can really hurt morale and cause employees to question your competence. If you’ve never created a payroll schedule before, here’s how to start and get it right from the first paycheck.

  • IRS Cracks Down on Expense Reports: Are You Ready?

    September 11

    Employees who travel a lot for business – executives and owners – are juicy targets for an auditor. The IRS is cracking down on expense reports and determining that some reimbursements you receive may be taxable.

  • Can the New Apple Products Help Your Small Business?

    September 10

    Now that Apple has unveiled two larger iPhones, a smartwatch, and a mobile payment service, millions of people throughout the world are licking their chops. Among them is a large group of small business owners.

  • 4 Fall Tax Tips for the Small Business Owner

    September 10

    With the fall season closing in, it won’t be long before the end of the year is here. Rather than save all tax related questions, concerns, and responsibilities for December and January, now is the time to review your situation.

  • How the New Overtime Rules Could Impact Your Business

    September 9

    Recently, the U.S. Department of Labor (DOL) issued their Final Overtime Rule that will become effective on December 1, 2016. ​

  • Calculating Payroll Taxes 101 - [UPDATED]

    September 9

    For many employees, payday is up there with Christmas and birthdays — but even better since it comes around more than once a year. For employers, on the other hand, payday can be a never-ending and sometimes pretty stressful responsibility. While payroll services and software are readily available, employers may still have to devote a good chunk of time and grit to comply with both employment and tax laws to make sure payroll flows smoothly each pay period. Thankfully, there are some general guidelines to follow when it comes to basic payroll calculations.

  • Do You Have to Provide Workers' Comp for Your Nanny?

    September 7

    When you hire a nanny, it is imperative to think of this person as more than a helper around the house. You are now this person’s employer. For this reason, you are responsible for a variety of HR-related tasks, including but not limited to insurance, payroll, and taxes.

  • I Have a Nanny: What Taxes Do I Need to Pay?

    September 7

    Hiring a nanny will impact your life in many ways, including your finances. In addition to the salary you pay your nanny, you are expected to pay a combination of taxes. Neglecting to do so could lead to trouble with the IRS, including large penalties.

  • Small Business Owners: Prepare for These Tax Changes

    September 2

    Tax season may be many months away, but before you know it the calendar will turn and April 15th will be staring you in the face.

  • Top Habits of the Most Productive People

    August 28

    “It should go without saying that a good night’s sleep will help you be more productive the following day. Even then, many people continue to burn the candle at both ends.”

  • How Do I Pay My Nanny?

    August 27

    If you require assistance caring for your child in your own home, hiring a nanny may be the best decision you can make. While this sounds like a good idea, you don’t want to take action until you answer a few key questions:

  • Women Business Owners Face Trouble Securing Loans

    August 25

    Despite the fact that more and more women are becoming small business owners, this does not mean that everything is equal across the board. A recent report published by ABC News shows that women may struggle if the time comes to apply for a bank loan.

  • The Difference Between Tax Penalties and Interest

    August 18

    Many taxpayers lump together penalties and interest, thinking that they are the same thing. However, nothing could be further from the truth.

  • 5 Reasons Every Business Can Benefit from a Blog

    August 10

    With several hundreds of millions of blogs in the world today, you might ask why your business even needs to bother with creating and managing one of their own. The truth about blogging is that it’s one of the most effective ways to market and brand your business, while offering a huge return on investment — when done properly.

  • What are the 5 Most Common Small Businesses?

    August 6

    As an entrepreneur with an interest in starting a small business, you have hundreds upon hundreds of options. While some choose to take a “path less traveled,” others get involved with an industry that has been proven popular over the years.