Palmetto Payroll is your local source for payroll and back office operations for your business. We pride ourselves on customer service while implementing the very latest in technology and efficiency. Call us today we would love to hear how we can help. We assist more than 300 business owners meet their goals and we would love to help you too.
If you’re considering starting a business, you may wonder if you need to initially register it as a Limited Liability Corporation (LLC). The answer to that question is no. However, forming an LLC may be beneficial to you depending on the size of your new business. Below we explore more of the benefits and drawbacks…
The actions you take now have a big impact on how much you pay or receive back as a refund when you file your small business tax return next April. At Palmetto Payroll, we typically advise small business clients to aim for breaking even with the IRS in that they neither owe nor receive a…
In 2019, Bunker Labs conducted a survey with military veterans transitioning to civilian life. One in four veterans responding to the survey expressed interest in starting their own business but needed funding to do so. If you’re a veteran turned entrepreneur, we are happy to let you know that many resources exist to help you…
Whether your small business recently reopened after the forced COVID-19 shutdowns or you have been open for business for a while, there’s no denying that you now work under a different financial reality. Since lack of positive cash flow is one of the leading causes of business failure, now is the time to focus on…
Certified Public Accountants (CPA) should understand that financial reports they prepare in 2020 will look differently than reports they prepared in all years prior to 2019. The difference, of course, is that 2020 saw a global pandemic that had a devastating impact on small businesses across the country. Even companies that did not shut down…
New small business owners often make the common mistake of thinking that payroll only involves tallying the time worked for each employee and paying them accordingly. It’s not quite that simple. First, you need to apply for an employer identification number and complete multiple other steps before you can even hire employees. Then you need…
Malware, data breaches, and denial of service attacks are just some of the tricks employed by hackers to disrupt business and steal money. While all businesses are vulnerable to this threat, the consequences of a cyber attack can be especially steep for small businesses. They have fewer resources to prevent or recover from an attack…
Accounting is a necessary task of all business owners. It’s also something that many don’t particularly enjoy doing. Whether you have taken on accounting tasks yourself, hired a staff accountant, or outsourced the work, it’s important to be aware of common mistakes that could hurt your bottom line. If financial mismanagement goes on for too…
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