Have you ever lost or forgotten to pay a bill? When it happened, how did you feel going on a frantic search for the bill/e-bill wasting time and energy finally realizing you must have deleted it? Anxious? Then giving up and contacting the payee and requesting another bill feeling ashamed that you lost it in the first place. You are not alone. We all have that stressed anxiety when forgetting a task that needs to be done. Here are accounts payable tips that will help reduce stress while doing … [Read more...]
Small Business Payroll Tips Archive Page
Welcome to our Small Business Payroll Tips archive page to help you and your business streamline processes. Read the archive posts for payroll tips to use in your business.
How to Organize Your Seasonal Summer Business Before Busy Season
Some years ago, I worked with a food truck business owner who would have super busy summers, and we found that it was tough for them to stay organized when they were going from event to event all in one weekend. So, to help them, there were several tips we implemented. 5 Tips To Organize Your Seasonal Summer Business Create a list of events needed for the entire season. This time of year is the best time to schedule those upcoming events. Keep a list of the yearly events you take … [Read more...]
7 Important Examples of Small Business Paperwork Systems
Is your small business paperwork important? One word, YES! Your small business paperwork is important! They need to be accessible, at a moment's notice. The IRS may need them if you were audited. Your accountant may need them if she is doing your taxes. You may need them if you have to reference client information. Having a good filing system in place for all your different types of paper will make your office run more efficiently. Just like the brain, we need to be able to retrieve … [Read more...]
8 Small Business Reference Websites Every Owner Must Use
Did you ever look for information online and just get frustrated on where to go and what to look for? There are so many reference blogs and sites on the Web that it can be overwhelming for a small business owner like yourself. Lucky for you, here are my favorite reference websites. Reference Websites for small businesses startups IRS.gov for updated information on tax and payroll information. Yes, I know, you may be thinking that the IRS site is too complicated to use. It has gotten a … [Read more...]
Tips On How Long I Should Keep Business Records
How long do you keep your business files? Do you keep them forever or do you get rid of them after a certain length of time? Keeping files for a business is different from keeping your personal files. There are many different types of files that need to be kept at different lengths of time. Over the years small business owners have asked me these questions. To be honest, the IRS doesn't have a clear, across the board answer to this question so here is what I suggest. If you wish to visit the … [Read more...]
New Year Goals
Welcome to the new year! Can't believe the holidays are over and we are starting back to work to focus on this year's goals. This year, I have decided to rotate through several topics. Here is a list of topics (New Year Goals) I plan on visiting throughout the year. Bookkeeping/Money Management - these posts will involve tips about QuickBooks or Quicken and other ways to save money in your small business. Office desk organizing - These posts will be about ways to declutter and determine … [Read more...]
Year End Payroll Due Dates Infographic
It's near the end of the year. Payroll is starting to wrap up for this year. Here are some important dates to help you with this task. If you need help, please be sure to contact a professional. Do by 12/1/2015: Remind employees to give you an update on their filing status. Make sure S.S. numbers and Employee names and addresses are correct. Do by 12/31/2015: Check all S.S. withheld to make sure it is correct with payments to S.S. Do by 1/1/2016: Update wage tax payroll liability … [Read more...]
A QuickBooks Online Payroll Review
Recently, I was reviewing QuickBooks Online Payroll for a client. Well,let's me tell you what I found. After spending two hours with QuickBooks Online rep, I felt that I should share this information so I don't feel like I have wasted time that I couldn't even bill the client for. Here is the QuickBooks online payroll review. Pros: 1. Adding employees were easy to add. 2. Adding taxes agencies information was easy too if they were familiar to QuickBooks. 3. It was easy to cancel when I realized … [Read more...]
Small Business Mid Year Review Tips
June 30th is the half point of the year! Why not take a proactive view on your tax forms and review your employee and subcontractor. It is a great time to do a small business mid year review to look at your 1099-misc. subcontractors and your Employee W-2 information to make sure everything is in order. Check the following information: Official name of the subcontractor company, Employer Identification Number and addresses are correct. Subcontractors social security numbers are correct. … [Read more...]
