Small Business Archives - Palmetto Payroll Solutions

Accounting Small Business

Resources for Veteran Entrepreneurs

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…

Palmetto PayrollSeptember 15, 2020

Accounting Small Business

Financial Recovery Tips for Reopening Your Business

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…

Palmetto PayrollAugust 26, 2020

Accounting Payroll Processing Payroll Tax Responsibilities Small Business

Prepare for Financial Reports to Look Different Due to COVID-19

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…

Palmetto PayrollAugust 15, 2020

Outsourced Payroll Payroll Processing Small Business

DIY Payroll Could Cost You More in the End

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…

Palmetto PayrollJuly 30, 2020

Payroll Fraud Small Business

Don’t Let Hackers Destroy Your Small Business

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…

Palmetto PayrollJuly 15, 2020

Accounting Small Business Taxes

Accounting Problems That Stunt Your Company’s Growth

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…

Palmetto PayrollJune 30, 2020

Outsourced Payroll Small Business

Working Out Payment Arrangements and Other Details for Contract Employees

A relationship with an independent contractor can be beneficial for your business as well as the person receiving services. Since he or she is not an employee, you’re not required to pay health insurance, vacation time, or contribute towards unemployment insurance. You also don’t have the large cost associated with recruiting, hiring, training, and retaining…

Palmetto PayrollJune 15, 2020

Accounting Human Resources Small Business Taxes

How Hiring an Accountant Can Help Your Small Business Thrive

According to an October 2018 study published by the Small Business Accounting Report, small business owners already hold accountants in high regard. Most agreed with the statement that hiring an accountant was even more important than a lawyer, banker, or information technology specialist. Despite this, many small business owners don’t understand the range of services…

Palmetto PayrollMay 30, 2020

Accounting Small Business

The Importance of Keeping Accurate Records for Your Small Business

For many small business owners, creating and maintaining an accurate recordkeeping system is one of their least favorite parts of the job. However, they also know that it’s crucial to their ongoing success. Whether you’re a one-person operation working from home or you have already hired a handful of employees, we urge you not to…

Palmetto PayrollApril 30, 2020

Small Business

The CARES Act Opens Floodgates to Free Money for Businesses

The CARES Act has opened the floodgates to free money for businesses Below are the basic details of loans available to businesses. They are incredible unless regulations apply limits: This new law lets any business borrow 2.5 months of payroll, benefits, interest on loans and lease payments. The loan is made through a bank that…

Palmetto PayrollMarch 27, 2020

Small Business

Resources for Veteran Entrepreneurs

Financial Recovery Tips for Reopening Your Business

Prepare for Financial Reports to Look Different Due to COVID-19

DIY Payroll Could Cost You More in the End

Don’t Let Hackers Destroy Your Small Business

Accounting Problems That Stunt Your Company’s Growth

Working Out Payment Arrangements and Other Details for Contract Employees

How Hiring an Accountant Can Help Your Small Business Thrive

The Importance of Keeping Accurate Records for Your Small Business

The CARES Act Opens Floodgates to Free Money for Businesses

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