Payroll and the Entrepreneur

When it comes to running a small business, a new entrepreneur will often take pride in being a “do-it-yourselfer”, and learning as they go. Then as the business grows, employees and independent contractors come into the picture, requiring a whole new level of complexity to master.

Yet by this time they are busy running and building the business and often times the attention to detail that bookkeeping and payroll require just frustrate our hero.

And this can become a serious threat if payroll details are missed, because paycheck deductions technically belong the federal, state and local governments, and you don’t want to amass a debt to any of these entities.

That’s where a professional payroll service can provide tremendous value in allowing the business to grow and expand, while assuring tax compliance along the way to avoid and future “skeletons in the closet”.

To learn how Paychex helps busy entrepreneurs, call 877-578-4384 or read “Payroll and the Entrepreneur”, available here:

Paychex White Paper – Payroll & The Entrepreneur

This entry was posted on Wednesday, February 15th, 2012 at 4:45 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

3 Responses to “Payroll and the Entrepreneur”

  1. Garret Mcghee Says:
    April 28th, 2012 at 7:18 am

    Great blog here! Also your website loads up very fast! What host are you using? Can I get your affiliate link to your host? I wish my site loaded up as quickly as yours lol

  2. Iqbal Says:
    May 15th, 2012 at 7:16 pm

    Typically, a bookkeeper would focus on the flolowing:• Processing everything to do with Accounts Receivable this includes raising invoices, ensuring that payments are received from your clients and progressing them to debt collection if required.• They would also look after all your Accounts Payable. This would include raising purchase orders (which are authorities from your business to order goods), then matching those purchase order against invoices that are received from your suppliers. They would also prepare cheques or online transactions for you to authorize.• Now, managing the balance between money coming in and money going out is usually the bane of every business owners life. But guess what, you’re bookkeeper can also assist you with this. If you provide them with a Cash-Flow Analysis template, they can then manage the cash flow and provide you with the necessary reports so you know if there’s a shortfall in advance. They’ll also help you to make effective business decisions by providing you with a set of Management reports each month.• A bookkeeper will also be able to liaise with your accountant to ensure that the end of financial year accounts are finalised.• And they should be able to help you to continuously improve your systems by making suggestions about better ways to work and providing templates to incorporate into your operations manual.At the end of the day, the objective of the bookkeepers role is to:• Provide the appropriate and correct financial information to enable you to make the right internal and external business decisions.• They should be able to provide the necessary financial records to support your business planning and your cost controls.• They can ensure that the appropriate financial controls are in place so that no just anyone can order things open slather in your business.• They can provide you with historical information regarding the financial aspects of your business.• And they ensure that you can meet your legal and legislative financial requirements.

  3. admin Says:
    May 15th, 2012 at 9:19 pm

    As a matter of fact, yes you are certainly welcome to visit HostMonster via my affiliate link at http://www.hostmonster.com/track/mchost.
    I Switched to HostMonster from GoDaddy and it’s worked out pretty well. You might also clear out old revisions if you are using WordPress.