Bellingham, you may have already heard but in the Fall of 2016, Washington State voters approved paid sick leave. It takes effect on January 1, 2018. Along with three other primary changes, "employers in Washington State will be required to provide their employees with paid sick leave" directly affecting how small and midsize businesses will have to prepare their employees' payroll in QuickBooks. Questions/Concerns? Avoid large payroll service...More info
What you don't know definitely can end up hurting you because ultimately reporting and paying payroll taxes correctly and on time is an employer's responsibility. Some common payroll mistakes:More info
- Allow comp time for overtime hours worked
- Misclassification of workers
- Know the rules regarding the time you have to pay a leaving employee their 'last paycheck'.
- Payroll taxes should be a priority regardless of your cash-flow or...
Small businesses who use their accounting data to inform how they manage their operation as a whole are less likely to have to manage 'under crisis.' Further, with good categories and tracking systems in place, business performance can be measured and monitored easily, allowing owners to continually streamline their business and improve their efficiency. This practice inevitably reduces waste. (Related article: Tracking by...More info
If you own a small to medium size business and you've grown to the point where you need to hire employees, congratulations! This IS exciting news. However, with new hired help, payroll enters into the conversation and with it the dilemma to do it yourself or outsource it to a payroll service provider. Many business owners are savvy QuickBooks users and familiar with bookkeeping and financial...More info