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Small Business

AccountingOutsourced PayrollPayroll ProcessingPayroll Tax ResponsibilitiesSmall Business

Review Your Balance Sheet to Determine the Health of Your Business

How healthy is your business? Fortunately, the answer to this question is as simple as looking at its balance sheet. According to the Small Business Administration (SBA), a company’s balance sheet includes its assets, liabilities, and each owner’s share of equity as of the date of preparation. The owner’s share of equity should be the…
Palmetto Payroll
April 30, 2021
AccountingOutsourced PayrollPayroll ProcessingPayroll Tax ResponsibilitiesSmall BusinessTime Keeping

Avoid These Common Payroll Mistakes to Save Money

Processing payroll manually opens your company to the risk of making common payroll mistakes that could cause a significant loss of revenue. From the Internal Revenue Service (IRS) imposing penalties to overpaying employees, these payroll mistakes are all too easy to make. We review some of the top payroll mistakes we see and how to…
Palmetto Payroll
March 15, 2021
Small BusinessTaxes

Is an LLC Required to Start a Business?

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…
Palmetto Payroll
October 16, 2020