Managing Employee Payroll Bonuses

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When it comes to incentivizing employees, few options are more motivating than bonuses. Employers set goals, employees work hard, and results are achieved – or are they? According to recent research, the way employees are incentivized makes all the difference. Bonuses can be set at intervals, connected to an employee’s individual goals or even in response to achievements the company itself meets. All of these factors play into how hard employees work to achieve their goals – and whether or not they feel valued for that work when goals are met. Continue reading

Understanding Payroll Taxes

shutterstock_324599615Tax season has returned and with it comes a variety of questions about the impact of taxes on payroll. Padgett Payroll Services® employs only the best experts in our field. Our goal is not only to offer payroll solutions for your company, but to help you save money in the process. That is why we put together this quick guide to tax deductions and management for businesses of all sizes: because payroll taxes aren’t the only thing you can deduct this spring! Continue reading

Preparing to Outsource Your Small Business Payroll

Busy Business Owner - padgettpayrollservices.com - ShutterstockSmall business owners have enough on their plate – too much to be concerned about every new tax code and regulation. However, there are several new IRS mandates that will affect your small business in 2016. If your managerial schedule is keeping you from mingling with your customers, you might want to consider outsourcing your employee payroll processing. Padgett Payroll Services® wants to help keep you compliant and on the path towards profitability.

If you are looking to have a payroll service company handle your employee payroll, direct deposits and optional deductions, you have some homework to do. Before any experienced payroll manager can take over the reins for you, there are some tasks you will need to complete and continue to maintain.

Does Your Small Business Have (or Need) an EIN? Continue reading

What You Need to Know Before Outsourcing Your Payroll

shutterstock_281932805Signing up with new outsourced payroll processors can be a scary prospect for many businesses. Chances are you’ve been using the same payroll services for years, whether you rely on an internal H.R. team to complete the work alone or on a third party to prepare all documents accurately. But what happens when the “same old” just isn’t enough? Continue reading

The IRS Wants to be Friends

shutterstock_216930013Believe it or not, the Internal Revenue Service does not want to audit your company. It’s a time-consuming, costly process that generally results in dissatisfaction all around. The IRS has actually become very consumer-friendly in recent years, connecting with business owners through YouTube, Twitter and even through resources on their own website. The IRS has a comprehensive database of resources companies can use absolutely free of charge to file tax documents properly. Continue reading

Avoid Costly Payroll Mistakes with These Tips

shutterstock_311043284Many businesses set themselves up to fail – and they don’t even know it. Financial errors and payroll mistakes can cost a business more than just a penalty fee; companies have been shut down for failing to properly address federal and state laws regarding payroll. The IRS does not mess around when it comes to payroll taxes – and neither should you. Get your books in order with the following payroll tips to build a successful company on a solid financial platform: Continue reading

Improve Your Business with 6 Financial Tips

COME OUT ON TOP!There are a surprising number of ways established businesses can save money – and not a single one of them directly involves giving up resources or cutting back on your company’s existing bottom line. Boost your business’ financial capabilities with these easy tips for business owners and CFOs: Continue reading

The Biggest Threats to Your Business – and How to Fix Them

shutterstock_74087128Modern businesses are faced with more challenges than ever before. Gone are the days of simply exchanging goods based on mutual agreement; today, government policy, the free market, and even our own technology can get in the way of running a successful company. Protect your assets and the vitality of your business with these business tips from your partners at Padgett Payroll Services®. Continue reading

5 Business Tips for Chief Financial Officers

shutterstock_215289142The CFO plays a crucial role in the success of a business. This job is more than projecting numbers and generating P&L reports; it’s about planning for the security of the company and ensuring risks are taken in a calculated, researched way. There is no “right” or “wrong” way to practice the duties of a CFO, but there are certainly some tips that can help improve success in the field. Continue reading

5 Steps to Improve Customer Service in Your Business

CustomerServiceAt times, large corporations get lost in the shuffle of day-to-day activities and overlook warning signs that could point to distress for the business. By the time businesses realize a problem exists, it might be too late. The damage done to the company’s reputation is already too catastrophic to fix. This is an extreme, yet all too real scenario that no business owner wants to encounter. Recognize the warning signs before it is too late and streamline your business processes so employees can focus on customer service and quality work. Continue reading