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How to Manage Payroll for a Small Business

by Tim AustinSeptember 12, 2018 8:00 AM

Payroll isn’t nearly as simple as just paying your employees. Payroll management encompasses several different steps and responsibilities. Each part of the payroll process requires you to take certain actions or make decisions that impact how your employees are paid and ensure that your business is compliant with any government regulations that apply.

As a small business owner, it’s your responsibility to either take care of each of these steps—or find someone that you trust to manage payroll for you. Here’s a guide to help you learn what it takes to properly manage payroll for a small business.

A small business owner managing payroll by herself.

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Payroll

Do I Need Payroll Software for My Small Business?

by Tim AustinMay 24, 2018 8:00 AM

Let’s be honest; what business owner looks forward to managing payroll? While payday may be exciting for your employees, it’s likely that you’re not thrilled about having to put together payroll reports, track deductions, and oversee every other critical aspect of payroll administration, especially if you do everything by paper. 

For some small business owners, payroll administration is just a necessary part of business life and the business isn’t big enough to justify its own HR department. While payroll administration is necessary, it doesn’t have to be a big burden. Online payroll software can give you the tools to take some of the pain out of payday preparation. Here are a few questions you should consider when evaluating your payroll management process.

Small business owner using online payroll software. 

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Payroll

Does a Small Business Need HR?

by Tim AustinApril 25, 2018 8:00 AM

As a small business owner, you’ve likely thought of ways that you can cut business expenses to save money. One of these ideas may involve whether you should invest in outsourcing HR or hiring in-house HR professionals.

HR just isn’t that important when you don’t have many employees, right?

Wrong. Every business needs to deal with critical HR functions, whether it’s a major corporation or a five-person business. Here’s what you need to consider the next time you think about whether your business needs HR management.

Employees at a small business thEmployees at a small business that outsources HR management.at outsources HR management.

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2018 Dates Small Business Owners Should Know

by Tim AustinJanuary 12, 2018 8:00 AM

When you’re a small business owner, your schedule is never empty. Each year contains several important deadlines that you need to follow to keep your business compliant with important laws and regulations involving your company’s finances and employees. Just a single missed date can lead to problems with the IRS or other government agencies.

Keeping track of all these dates as well as everything else you need to do as a business owner can be difficult. We’ve put together a list of critical dates you need to know to keep your business legally compliant.

Image of a calendar of 2018 dates for small business owners.

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Grab Bag

2018 Small Business Calendar of Events

by Tim AustinJanuary 9, 2018 8:00 AM

Every year presents new opportunities to strengthen and grow your small business. Sometimes it’s just a matter of finding and identifying which of these opportunities make the most sense for your organization. 

A good small business conference is a great place to uncover ways to improve your business, whether you attend in person or send key members of your team. While some people may not think that leaving your office to attend an outside event may be all that beneficial, finance website The Balance lists five good reasons why you should consider attending small business conferences:

  • Educational opportunities
  • In-person networking
  • Learn about competitors
  • Marketing to potential clients
  • Spark creativity and innovation

Whether you’re interested in just one of those benefits or all of them, there are plenty of conferences across the country that may be beneficial for you or some of your employees. We’ve identified some of the top HR conferences to attend this year, but you also need to consider marketing, finance, and other functions. Here are some of our top conference choices for small business owners in 2018.

Image of a 2018 conference for small business owners.

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A New Record Set for Regulations

by Andrew SzczesniakFebruary 2, 2016 8:00 AM

Oftentimes, when a two-term President is entering into the last year of his presidency, he can become a lame duck. His issues don’t get addressed by a congress whose members are worrying about their own re-election. Some begin doing victory laps for their last seven years. Some are dealing with scandals while others are just trying to ride it out without any more problems. Any thoughts of the current office holder being one of those went out the door in 2015.

According to a recent article from the NFIB , President Obama’s administration broke a regulatory record in 2015 by adding over 82,000 pages of regulations to the Federal Register. 545 pages of those deal directly with small businesses. Among those regulations are things like the easing of restrictions on unionization, the changes in minimum wage laws, and the NLRB’s attempts to expand the boundaries of the National Labor Relations Act. All of these have been addressed in my blogs before.

PEOs can help small business owners stay compliant with regulations.

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New Year’s Resolutions For Small Business Owners

by Tim AustinDecember 29, 2015 8:00 AM

Each January, people make resolutions to help better themselves in the upcoming year. As another year of business comes to a close, consider making New Year’s resolutions that focus on making your business stronger instead of just losing weight or some of your more typical goals. Here are four suggestions for your business in 2016. 

New Year’s Resolutions for small businesses

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Small Business Challenges by the Numbers

by Tim AustinAugust 11, 2015 8:00 AM

When you own a small business, you don’t always have the personnel to handle your HR functions, which can leave you having to take charge. Unfortunately, these extra duties can end up hurting your business.

Having to handle things like payroll takes time, which could be used to help grow your business. Even more, handling your own payroll can end up costing your business money and putting more stress on yourself.

Contact Group Management Services about how a PEO may be able to save you time and money.

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Payroll

Pass on the Recruiter Duties

by Carolyn SokolAugust 19, 2013 10:38 AM

Take off the Recruiter Hat

Pass off your recruiting duties to a PEO.

Life-work balance for small business owners begins with self-control. Owners say they have too many roles to play but stubbornly hang on to them all. Sooner or later, owners like you have to give up something. I would start with recruiting.

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