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Is a payroll provider right for you and your business? While it is an added expense, there are good reasons to add a partner to help with this service. Here are five things to consider: 1. Allows full attention on growing the business. If a portion of employees is focused on managing and processing payroll,
Employee fraud can cost your business real money — perhaps more than you may realize. A 2016 study of occupational fraud, published by the Association of Certified Fraud Examiners, found that small businesses accounted for approximately 30% of fraud incidents. The median of loss was $150,000. Implementing a system of policies and procedures known as
A new overtime rule takes effect on December 1, 2016, and the Department of Labor estimates that over 4 million workers will become entitled to overtime in the first year of the change. If your employees are included in that number, now is the time to begin preparing. Here’s what you need to know. How
Monitoring your accounts receivable may seem like one more chore in an already busy workday. But this simple activity is important. Here’s an illustration. Say you’re operating with a gross profit margin of 20% and your uncollectible receivables are $10,000. Your business must generate an additional $50,000 in new sales to make up for the