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

5 Hiring & Employment Mistakes Small Businesses Make

Small business owners know a unique set of challenges await them in the financial world. Special rules and regulations are in place for businesses with less than a certain number of employees, and different tax brackets further classify companies into categories, each with their own rules and stipulations. It is a lonely world with stiff penalties for breaking the rules. Avoid fines by reviewing these mistakes small businesses frequently make. Continue reading

So You Made a Payroll Error

Payroll errors, while not common, can happen to even the best H.R. departments. Payroll is an extremely sensitive topic for many employees (especially those working on an hourly basis), so it is important to handle these errors with respect for all involved and not only admit the error, but correct it as soon as possible to avoid further embarrassment or distrust. This is a scenario that calls for the employer to be humble, admit that mistakes happen, and to make amends per state law. Continue reading

Payroll Processing Specialists: A Small Business’ Best Friend

Small businesses face many unique payroll problems that frequently fall on already overworked H.R. departments or leave payroll administrators to fend for themselves in a big world of tax codes, regulations and stiff penalties for missed deadlines. The IRS doesn’t mess around when it comes to your company’s payroll or tax services. Fortunately, Padgett Payroll Services® utilizes experts with years of experience to take the stress of payroll services out of your hands, allowing your employees to focus on what matters most: your customers. So, why is a Padgett payroll processing specialist your company’s best resource? The answers might surprise you. Continue reading