Master your company's payroll processes with these 9 proven strategies. Learn how to leverage modern technology, ensure compliance, and create an efficient payroll system that scales with your business.
How to Master Payroll Management: 9 Essential Strategies for 2025
What’s the point of attending a business-networking event if you don’t actively seek new people to meet and discuss business with them? Set an easy minimum goal for yourself to meet at least three new people at each event you attend.
Before you start a project you have a picture in your mind of what the end product should look like and the benefits you will derive from it. Business and life are no different, but most of us ignore that very simple concept. We all should spend some time planning our business and personal lives and decide what our dream of success and wealth really look like.
Give yourself some down time away from work
Planning is very important to being more productive because planning will help you determine the result or outcome you want to achieve. That being said, do not spend all of your time planning (rather than doing), but before emails, calls, and meetings, plan out what result you’re looking to achieve.
Before determining that you need an intern you should start with a plan. Outline what role the intern will fill and how it will work to benefit both the company and the intern. Why? You need to answer the question of why you’re looking for an intern instead of an employee. Is an intern right for the job? What are you looking to accomplish?
Summertime = Vacation Time. Are you prepared to add up your responsibilities before you jet off on vacation from your company? Here’s a list, check it twice, to make sure your absence goes really nice.
It doesn’t take a rocket scientist to answer this question. However, at what level does it need to be addressed? Enterprise level corporations have far higher protection against serious risks than small businesses that have less to offer (in regard to monetary capital), and less to lose. Nonetheless, you need to protect your business at any level of size and here’s a list of basics to get you started.
Whether you’re looking to hire your first employee or 100th employee, there is always a lot of resumes, faces, and a process that can sometimes blur your vision in selecting the candidate that will be the best fit employee for your business. Here are a few tips to keep in mind that may benefit you through the interview process.
Creating and cementing a corporate culture that really attracts great employees, retains them, and develops them into all-stars doesn’t always happen organically with every company. The corporate culture will ultimately reflect the owner or leader’s ideals or persona. If you feel that you may need or even want a stronger, positive, more collective culture in your office, there are a few items you can address to help you make the transition.
To achieve your dream, you must build integrity into your product, your processes, your customer relations, and everything about your business. Everything from the quality of your products, to how you treat your employees, to how you treat your customers has to be first class.
As a business owner, you may hire both W-2 employees and 1099 independent contractors. If you are like many owners, you don’t always know how to classify workers- and this can lead to compliance issues. Classifying workers appropriately is critical because employees and contractors differ greatly in terms of taxes paid, withholding requirements, workers compensation, benefits, payroll tax filings, and more.
Punch clocks and other outdated time tracking options should be a thing of the past. Save money by switching to an automated time-keeping solution. Watch the video below to learn more.
Whether or not you enter an industry with which you are familiar, you need to confirm that you are suited to owning a business. Just because you want to become a business owner does not mean it is a good idea. Plenty of small businesses fail because the owner does not have the skills required for owning a business.
In today’s global society, digital marketing continues to grow and connect the world in ways that even just 10 years ago wasn’t possible. Social networks reign high in conjunction with digital marketing messages being stamped into our brains sometimes even subconsciously. People are connecting at high rates and the world is continually becoming more flat.
Among the various roles that ICE (US Immigration and Customs Enforcement) fulfills is to identify and remove threats to security in terms of illegal economic activities. In layman’s terms, this equates to controlling unauthorized workers in the US. In 2009, ICE collected roughly $1M in fines, and in 2013 that number rose to more than $15M, and this is a trend that will only continue to grow.
Want to make the phone ring with prospects calling you rather than you calling them? Create a Referral Partner Network for a solid foundation to exponentially grow your business.
A surefire way to build your credibility, professional relationships, and network is to be a Giver. This means that you are a resource for other professionals and that you help to refer and connect people from your network to other people’s network.
With all of the changing regulations, reporting, compliance issues, and especially the Affordable Care Act, payroll for a business owner is more complex than they know. The practices of the do-it-yourself entrepreneur that is trying to save a few dollars, remain in the driver seat of their business, and cut their own payroll checks for their employees are costing them more money and time than they really know.
Time management for business professionals also means needing to know how to be time-smart for scheduling meetings, especially for the “one-on-one get to know you” and “learn about your business meetings.”
We are proud to announce that Payroll Vault was named one of the top franchises in North America by Franchise Business Review. Best of all, the Payroll Vault Franchise team earned this recognition as a direct result of high satisfaction ratings from our loyal base of franchisees. Only 200 franchise companies – and just five in the financial services industry – earned this highly coveted honor.
Sean Manning, co-author of the award-winning book Six Steps to Small Business Success, believes there is a better way to manage and grow a business in 2015 by breaking away from traditional methods. Here are some key points to think about for putting strategy into your business in the New Year.
Web 2.0, social media, and connecting with others online. All the technology right at your finger tips does not replace meeting people face-to-face, especially in the business world. Utilizing networking through various event, associations, and organizations can put you in front of powerful connectors or prospects for your business that will yield REAL results.
