As the year draws to a close, the time comes to close your yearly payroll. While it isn’t the new year, certain tasks should be completed in the current year. A year-end payroll checklist can help businesses streamline their payroll process and minimize errors. For assistance with what needs to be completed, review the checklist below to guide you to a successful year-end. If you need assistance, please don’t hesitate… Read more
If you ask 100 business owners what they like least about running a business, chances are good that bookkeeping will rank high on the list. It’s an annoying and frustrating chore that takes up a lot of time and is easy to put off until tomorrow. Avoiding your bookkeeping is dangerous, however. Not knowing your company’s financial situation can result in a series of missteps that could ultimately cost you… Read more
As we look towards the holiday season, the need for hiring seasonal employees comes into play. When it comes to hiring seasonal employees, business owners tend to fall into two groups. Some look forward to hiring temporary workers, knowing that the need for seasonal workers reflects a busy season. While others feel that it’s a necessary evil to get through the busy season when the workload is heavy and the… Read more
Falling behind on payroll taxes can be overwhelming, but there are steps you can take to navigate the challenges. First, assess the situation and determine the amount owed. Then, communicate with the IRS or state tax agency to negotiate a payment plan. Finally, prioritize payroll tax payments to avoid further penalties.