I’m sure you have heard of the 80/20 rule. It’s a business rule that says 80% of your business comes from 20% of your clients. Although there is room for error with these percentages, they tend to sit around these general numbers. The best thing about the 80/20 rule is it can be applied to […]
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Employee Pay Management- 4 Tips for Maintaining Employee Pay Hours
Employee pay management can be a struggle if you aren’t using the right equipment or separating your stubs in the right way. Often times, clients tend to find themselves swimming in an ocean of poorly kept records and boxes of papers piled high to the ceiling. If this sounds familiar, you aren’t alone. That’s why […]
Recruiting Employees – 5 Ways to Attract Talented Employees to Your Business
Sometimes it’s hard to find the right people for your team. Building a solid team and recruiting employees requires a bit of work and a ton of patience. Staying open to new avenues and meeting tons of people is truly the best way to expand your team with quality team players. Here are 5 ways […]
Profitability and Cashflow Management: A Story of Inflows and Outflows
If your company is cash flow positive, you may think that means that the company is profitable. While inflow of cash is closely related to profit, the two terms are not mutually compatible. It is no secret that both cash flow and profitability both play a huge role in the lasting success of a company. […]
3 Reasons to Hire a Payroll Service
In today’s digital age, just about anyone can run a business right from their laptop or even from their smartphone. More and more entrepreneurs are taking up the reins and starting their own companies. As those small companies begin to grow, some may find it difficult to scale their business while also focusing much needed […]
1099 and W-9. Making Sense of Tax Forms
When handling important financial details and tax information, many small business owners, freelancers and contractors are not sure where to start. It is not uncommon for new entrepreneurs to confuse one form for another, and this can create a huge headache if you don’t know what you are doing. In this article we are going […]