Business Management

How the Accurate Collection of Employee Time Saves Your Business Money

Human error can cost you a significant sum of cash. Time clock errors are detrimental to businesses small and large. They add up quickly, costing companies profits and causing some to take drastic measures such as slashing hours and even jobs to make up for the loss. If you want to avoid the stressors that come with human time punch errors, it’s time to explore new solutions that better...

How to Run Your Own Payroll

There are typically three ways to process payroll. You can hire an accountant, do it yourself or hire a payroll service.

3 Ways to Develop Employee Success

You probably already take time to invest in hiring and training new and highly qualified talent, but do you also take time to encourage their continued professional development? Sometimes valuable employees leave if they feel unsatisfied or stuck in their role and replacing them can cost you more time and resources than holding onto the employees you already have. Strive to keep your employees happy and engaged with these...

3 Payroll Mistakes you can Avoid in 2019

Everybody makes mistakes. But when it comes to payroll, mistakes can be detrimental. Many small business owners struggle with payroll due to the number of regulations and rules that apply. One of the scariest things about payroll mistakes is you may not even realize you have made one until the IRS smacks you in the face unexpectedly. To ensure 2019 is a year of little to no payroll mistakes,...

3 Tips for Less Stressful Year End Payroll Processing 

It is that time of year again. The temperatures drop, the hustle-bustle of the holiday season is among us, and payroll is working hard to ensure all of their ducks are in a row before the end of the year. Unfortunately, many errors take place in payroll when common mistakes are overlooked during this busy season. Below are a few tips to help you keep those errors to a...

Why You Should Have an Employee Handbook

Although employee handbooks are often overlooked by employers and employees alike, these useful little books are important when it comes to making sure everyone is on the same page. If you have not yet created one, below are some tips on why you should have one and what you should include. What Your Handbook Should Cover You need to cover two primary areas in your employee handbook: policies that...

Total Rewards Packages – What You Need to Know 

Total Rewards Packages – What You Need to Know  As the workforce becomes more competitive with millennials dominating, employers are forced to rethink their employee benefits and rewards strategies. More companies are offering total rewards packages as an incentive to bring on quality employees. But what is included in a total rewards package?  Total rewards packages are typically made up of six components:  Benefits  Benefits are noncash, indirect payments...

A Small Business Owner’s Overview of 401(k) Plans 

A Small Business Owner’s Overview of 401(k) Plans  Did you know that only half of all Americans are set up to meet their saving goals for retirement? As a small business owner, you may be thinking about the best way to save for retirement – and if you are not, you probably should be! Although many different retirement options are available, we will address 401(k) plans below. 401(k) plans...

3 Things Employers Should Know About Form W-4

3 Things Employers Should Know About Form W-4  Tax season is lingering ahead. Unless you have been reading up regularly, you probably have a few questions about the latest federal tax legislation and what it means for you personally as well as your business and employees, including questions about Form W-4, Employee’s Withholding Allowance Certificate. Below are a few questions our readers have asked that we would like to...

Preparing As the Year Draws to a Close

As a small business owner, the end of the year means more than simply celebrating holidays – there is much more work to be done than shopping for gifts and spending time with loved ones. The last quarter of the year can be overwhelming and stressful for small business owners, so here are a few things you can begin doing now to make your transition into 2019 an easier...