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.
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…
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…
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…
Although we aren’t yet halfway through 2020, it’s not too early to prepare for filing your business tax return in 2021. The earlier you prepare and file, the less likely you are to make a costly mistake or even miss the tax filing deadline altogether. Below are several payroll tips we have offered to other…
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