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 […]
Accounting
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 […]
An Accountant’s 4 Step Guide to Profit Margins
Getting in touch with the financial side of your business can be a challenge, especially if you aren’t a fan of finances to begin with. Even if you aren’t a fan of finances or have someone for that money stuff, you should still take the time to understand where your numbers fall. Without understanding profit […]
The Benefits of Payroll Management
Pауrоll management is оnе оf thе kеу ореrаtіоnаl аѕресtѕ оf a buѕіnеѕѕ. It іnvоlvеѕ the аdmіnіѕtrаtіоn оf thе financial rесоrdѕ оf employees’ ѕаlаrіеѕ, wаgеѕ, bоnuѕеѕ, net рау, аnd dеduсtіоnѕ. Pауrоll should be a priority for any business. Staff muѕt be paid оn tіmе, еvеrу tіmе and bе paid in full. It іѕ the lеаѕt employees […]
4 Habits to Ease Your Tax Bill Next Year
Tax time. That [insert your feeling about taxes here] time when we all pay our dues back to the government we operate under. As an employee, it’s easy to find joy in tax time, as you are likely to see a return, even with poorly played out papers. As a business owner, things start to […]
5 Signs You Need Payroll Management
Managing payroll and navigating the maze of complex codes and tax laws involved with payroll functions can prove to be a less than simple bookkeeping task for a business owner to juggle, along with the rest of their normal responsibilities. At the same time, you wouldn’t want to pull an employee away from their normal […]