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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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Three Myths About Payroll Software

by Tim AustinMay 11, 2018 8:00 AM

Let’s face it, you didn’t decide to run a business because you were excited to manage payroll. Ongoing payroll management can clog your schedule, forcing you to run reports and handle tricky calculations instead of taking the time to find other ways to grow your business. Fortunately, payroll software can help you free up your schedule while improving your payroll process. 

While a good online payroll system can benefit business owners, some may be skeptical about making the move to payroll software. Here are three myths about online payroll software that you shouldn’t always believe.

Payroll software on a business owner’s computer. 

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What are the Different Functions of Payroll Management?

by Tim AustinMay 4, 2018 8:00 AM

Whether you have a single paid employee or run a small business with many employees, you need to pay attention to payroll. However, payroll involves more than cutting a few checks. Good payroll management is comprised of several different functions that help you properly pay your employees and keep your business compliant with government regulations.

Payroll documents for a business handling payroll management. 

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Four Signs You’re Ready to Switch to Online Payroll

by Tim AustinDecember 12, 2017 8:00 AM

Payroll is an important part of every business. While some small business owners take the time and effort to handle payroll administration in-house, certain factors can signify that outsourcing payroll with a PEO might be in your best interest. Here are some signs that it may be time to consider a switch.

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The Differences Between QuickBooks and Outsourcing Payroll to a PEO

by Tim AustinDecember 7, 2017 8:00 AM

QuickBooks software is the most widely-used accounting application for small businesses, according to Forbes. For decades, QuickBooks has been a popular option for small business owners and finance professionals to use on-premise, usually with one individual taking sole responsibility for accounting and payroll internally. More recently, QuickBooks has released a cloud-based version named QuickBooks Online, and along with it have come several new competitors in the online payroll and accounting software space.

While many of these platforms have similar features, relying on these accounting and payroll Software-as-a-Service (SaaS) applications also have many potential drawbacks for small business owners. The following are some of the things small business owners should take into consideration when choosing between a platform like QuickBooks or outsourcing these services.

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Why Your Business Should Go Paperless with Online Payroll

by Tim AustinMay 9, 2017 8:00 AM

Paper has played a huge role for businesses. Legal documents and contracts can be found in offices around the country. Business cards and print ads helped to seal deals for decades. Even money is printed on paper. Thanks to technology, however, the times have been a changin’.

In this digital age, businesses can cut down on paper usage in favor of online documents and processes. It’s become so popular that, according to a study on document-creation site Nitro, 49 percent of CEOs name sustainability as a top three initiative for their organization. A paperless workplace is a great way to achieve that goal.

Image of a keyboard for paperless payroll from an online payroll provider.

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The Importance of Payroll Compliance When Working in Different States

by Pam RamacciatoMarch 22, 2017 8:00 AM

Non-compliance can cost businesses a lot of money. If you’ve read our posts before, you’ll know that the benefits of staying compliant are things that we’ve harped on before, but it’s worth repeating, especially when small business owners pay billions of dollars each year in payroll tax penalties. It’s especially true when it comes to something as problematic as multi-state payroll compliance.

The problem with multi-state payroll compliance is that the rules you followed for your home state may not be the same as the other states where you do business. Each state has different payroll standards, meaning that you may not be nearly as compliant as you thought you were.

Image of money on states. Learn about multi-state payroll compliance issues.

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Three Big Business Benefits of Online Payroll

by Tim AustinJanuary 24, 2017 8:00 AM

Business owners should feel like shouting “mayday” when preparing for pay day. Unfortunately, payroll management can be a time-consuming, frustrating ordeal for owners if they don’t have any help. 

Payroll needs to be done securely, accurately, and on-time, which leads to extra aggravation, but it’s better than having several employees questioning where their paychecks are or why they’re incorrect. Online payroll helps business owners streamline the process by giving them the tools to make management faster and easier. Here are three big benefits of using online payroll for your business. 

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How Your Business Would Benefit from Direct Deposit

by Tim AustinApril 26, 2016 8:00 AM

Direct deposit helps to make payday convenient. More than 60 percent of business had switched over to direct deposit as of 2014 and the number has only grown since. If you still haven’t made the move to direct deposit, here’s how it would be a good move for you and your employees.

Image of a paycheck. Learn how direct deposit services can beneift you and your employees.

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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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