Webinar Employee Expense Reimbursements: Compliance Workshop

Office Dynamics

Get educated now on the new rules of employee expense reimbursements! Employee Expense Reimbursements: Compliance Workshop. The legal and financial risks of mishandling employee expense reimbursements have spiked in recent years. Do you know which reimbursements for employee expenses should be treated as expenses … and which as compensation? The result: an unhappy employee—and your company would be on the hook for the related payroll taxes and penalties.

Control Expenses – Automate Process Through Workflow Software

Small Business CEO

How many of you find that new employees don’t get equipment or security access on time, are missing their name plate or aren’t set up in payroll? As the economy continues its recovery, keep your expenses constant as your revenue grows by reducing the amount of time it takes to handle transactions and being able to focus employees on exceptions. Tags: CEO Leadership Entrepreneurs expenses transactions workflow software

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Are you getting paid as a 1099 Contractor?

Job Advice Blog

On March 23, 2010, In Interview Advice by Jeff LeFevre , By Jeff LeFevre 0 Today more and more companies are paying people as a private contractor to save on payroll taxes. Most employees don’t realize the added expenses that a company has simply to pay an employee. Today with everyone trying to cut cost with the exception of the Federal Government one way is by avoiding that expense by paying you on a 1099 basis.

2010 116

Technology of the week: Expensify

Practically Perfect PA

Expensify’s moto is “Expense reports that don’t suck!” ” Founded back in 2008 Expensify have a number of features that make processing expenses easier. Expensify enables users to import expenses directly from personal and corporate card transactions. SmartScan inputs the receipt information, then matches the receipt to the expense, eliminating any manual entry. Processing expenses does suck! What is Expensify?

2014 154

How Personnel Costs Impact Your Bottom Line

Small Business CEO

Roughly 70% of most municipal budgets is used for personnel expenses, such as payroll and benefits. This is not far off from the expenses incurred in the private sector for personnel and their related expense. Whether you are a business operating in the private sector, or a municipality, personnel costs has a huge impact on your bottom line. Private companies report that 40% – 80% of their operating budget is absorbed in personnel overhead.

2016 79

How On-Demand Workers Are Helping Businesses Grow in an Uncertain Economy

Worxbee

Some other examples of low-input, short-term projects include data entry such as entering expenses into an accounting system and online research for projects the company wants to put together. Businesses can get access to highly skilled workers without having to add them onto the payroll.

2021 52

Cloud Questions That Your CEO Will Ask

Small Business CEO

These should be the ones that aren’t a technological burden such as email, payroll applications and types of customer relation management (CRM). Entrepreneurs Finance Information Technology cloud computing expenses softwareOne of the first things a young lawyer learns is “Never ask a question in the courtroom that you don’t already know the answer.”. Now put yourself in the conference room with your CEO. Topic of discussion: The Cloud.

2012 77

Frugal Business Spending: A Must In A Tough Economy

Small Business CEO

You may want to preside over the administrative responsibilities with payroll, human resources and benefits but if it would take too much of your time and money, you can consider outsourcing it to other companies and just focus on the day-to-day operation of your business instead. The goal is for you to reduce your expenses by getting rid of the unnecessary cash outflow. Tags: Entrepreneurs budget expenses finances

2010 70

Top 15 Small Business Ideas for 2020 You Should Consider

Dumb Little Man

The task of a bookkeeper is to manage income and expenses. Apart from that, the job includes processing payrolls and preparing tax returns for business clients. There’s a long list of small business ideas for 2020.

2020 270

The Stimulus Programs Gig Workers and Freelancers Qualify For

Small Business Labs

  The loan can be used to pay for most business expenses.  The Paycheck Protection Program is designed to provide a direct incentive for small businesses to keep their workers on payroll by providing each small business a loan up to $10 million for payroll and certain other expenses.  Congress passed and the president signed the massive Coronavirus Aid, Relief and Economic Security Act (CARES Act) economic stimulus package last week. 

2020 55

5 Essential Tools And Apps To Build Your Early Startup

Dumb Little Man

To keep track of your payments and expenses. In seconds, you can create and send invoices, payrolls and receipts, and even get insights from useful reports. Apps for startups are very useful (and can even be crucial) for new companies. As a founder of a startup, you want to commit 100% to whatever it is you and your team are creating. You do not want to, nor can you afford to waste time.

2016 212

Top 3 DIY Website Tricks That Can Save Your Startup Money

Dumb Little Man

Hiring an SEO, UX designer , and web developer are crazy expensive! SEOs are inherently expensive to keep on the payroll. Starting a startup is certainly an exciting entrepreneurial endeavor. You are ready to bring your vision to life via an innovative solution you can monetize. However, the startup journey does have a few associated costs. A savvy startup founder knows the importance of cutting costs where possible, regardless of the startup budget.

2018 186

EA to Project Support Manager

Practically Perfect PA

As an EA you’re not only there to support staff on a one to one basis or a team (depending on the company structure and needs) but you also find yourself processing invoices and expenses, whilst logging everyone’s holidays and preparing for the latest marketing conference while booking a flight for your executive to NYC – all at the same time! I worked directly with our HR director on payroll, pension meetings and healthcare benefits for employees.

2015 160

3 Loan Alternatives for Small Businesses

Small Business CEO

The obvious is to meet overhead, such as lease payments, utilities and payroll expenses. Reduce or eliminate interest expense. Financial capital is an essential but often elusive aspect of running a business. Capital is beneficial on several levels. However, cash is also leverage to grow your company in ways not otherwise possible. This may be in direct ways that increase revenues, or indirect means that cut costs or taxes.

2014 77

2014 MBO Partners State of Independence Report Released

Small Business Labs

trillion in total revenue in 2014, spent more than $150 billon on non-payroll/contractor expenses , and are the primary income source for more than 10 million American households.  The 4th annual MBO Partners State of Independence study was released yesterday. It shows independent workers (self-employed, independent contractors, freelancers, etc.) who regularly work 15 or more hours per week as independents numbered 17.9 million in 2014. This is up 1.2% from 2013 and 12.5%

2014 149

Things You Can Do As A Small Business Owner To Limit Your Tax Liability

Eco-Office Gals

For example, you decide to make payments for most of your January expenses in December. It is advisable that as an employer you create accountable plans to help you cut down on payroll taxes. You can decide to reimburse your staff for entertainment, travel, gifts, car expenses among others. Tax obligations will always be there as long as you’re running a business, whether it is a small scale business or a large scale business.

2019 100

Counting the costs: What government funding for scientific research will cover?

The Small Business Blog

Staff: You can claim back some of the cost of salaries, national insurance contributions, pension contributions and expenses for people who are employed to work directly on the research project. This can include work done by administrative, maintenance, clerical or security staff directly to support the project, but not work that would have been done anyway, like managing payroll. What Costs Can You Claim Through R&D Tax Credits?

2019 113

5 Administrative Assistant Skills That Add the Most Value

Admin Awards

Managers and executives also value assistants who know how to use accounting, payroll and HR applications. You’re on the front lines every day — overseeing day-to-day operations, selecting vendors and negotiating contracts — putting you in the perfect position to look for opportunities to cut office expenses. Sponsored Post by: Robert Half. Administrative professionals provide real benefits to the people they support and the organization at large.

2020 40

Using Satellite Imagery for Investment Analysis

Small Business Labs

  It's slower, more expensive and prone to errors (do you really think those folks kept an accurate count of cars over the course of a couple of days?).     Payroll and financial data are good examples.  DigitalGlobe is a fascinating company.    According to their website: DigitalGlobe owns and operates the most agile and sophisticated constellation of high-resolution commercial earth imaging satellites.

2011 132

Greening Up Your Business Finances

Eco-Office Gals

With a FreshBooks account (or similar program) you can manage many of your businesses finances online and in the cloud, making for easy access to invoices, expense logs, time sheets, and so on. Online vendors can be paid via PayPal (which is a faster, safer option than other means) and even payroll can be made paperless with direct deposits instead of standard checks.

Should City Governments and other Businesses look to Virtual Services to Save Money?

Tips From T. Marie

But, he said, the city could use the payroll savings. Many in-office employees are even willing to take a small reduction in pay due to the fact that they are saving money on transportation, work attire and other related expenses. It’s a rare occurrence when reading an article about a city budget makes me sad, but it happened just a few moments ago. The article discussed how the City of Hickory, NC proposed offering early retirement to 84 of their employees.

2012 122

Preventing Data Breaches: Why Third-Party Vendors Needs To Be Certified

Dumb Little Man

It is one of the most expensive industries in which to clean up as data breaches can clock in at an average of $355 per record breached. On average, public sector records are the least expensive to clean up, clocking in at $80 per record breached. You can outsource your payroll, billing, mailers and printing so you can spend more time on growing your business. Data breaches are always in the news.

2017 154

Do You Know Your Lifestyle Ratios?

Stephanie LH Calahan

  Revenue, net income, total expenses, and payroll costs are just a few of the items that you may be monitoring on your profit and loss statement.  Most of the entrepreneurs I talk with tell me that they started their business because they wanted some form of freedom.    What about you? Today I asked my friend Linda Siniscal talk about life beyond the profit and loss statement.

The Clean and Simple Cloud Computing Primer for Small Businesses

Small Business CEO

In a traditional office environment, business owners are forced to estimate how much server space they’ll need as they grow, investing in expensive hardware to store company data. Cloud-based software is now available to do everything from manage your invoicing to calculating payroll. Nobody likes paying for things they don’t use.

2012 65

Can you go from creative and productive in a corporate job to a mess working for yourself?

Stephanie LH Calahan

  HR department - handled all of the compensation issues, research, performance and people documentation, labor relation issues, downsizing decisions, payroll, hiring, exit interviews, outsourcing decisions, benefits planning and coordination of benefits issues, and so on.   They scheduled appointments, travel, expense reports, basic client reports, filing, conference coordination, meeting coordination and so much more!

2012 185

Evaluating Benefits 101 – Comparing Premium Costs is Just Not Enough

Small Business CEO

In the same vein, properly trained and developed employees are less likely to run afoul of company policies or government regulations, saving the company time, expenses, and possibly an otherwise excellent employee. About The Guest Author: Carolyn Sokol is a founder of PEOcompare.com and a frequent contributor to compareHRIS.com , both of which help match businesses to the right HR or payroll service provider for their particular needs.

2013 76

5 tips for Being a Freelance Worker

45 Things

The biggest fixed cost an employer has is payroll," says Tim Ozier , director of contract staffing at MRINetwork in Philadelphia. In addition, many employers will pay some living expenses if you're asked to relocate or travel for a temporary assignment. I often get asked how to become a freelance writer and editor, because a lot of people are intrigued at the thought of working from home in their pajamas and having time to just do what they want every day.

2011 54

Q & A: I'm a Sole-Trader, how can I do my Accounts DIY ( Do-It.

The Small Business Blog

A good side effect here is that you will have to look at your expenses and cost again, and may be able to make a judgement if that was good or bad money spent – you know what I mean – the hindsight thing. Terry Cartwright is a qualified accountant in the UK designs Accounting Software on excel spreadsheets providing complete Bookkeeping solutions for small to medium sized business with Payroll Software for 1 to 20 employees that automates the revenue payroll tax returns.

2007 155

Service Untitled» Blog Archive » Employee engagement is a force.

Service Untitled

Mix into the brewing storm, inefficient systems, inflexible bureaucracy, and lack of intercommunication; rumors fly, and you now have unengaged employees who become very expensive for any company. Remember, payroll is probably your largest expense; and the same way you invest in your plant and facilities you need to invest in your people. Service Untitled The blog about customer service and the customer service experience.

2010 44

What legal entity is right for your business? | THE SMALL BUSINESS.

The Small Business Blog

Another downside, if you make more profits than you draw out, you are still taxed on all the profit irrespective of whether you have taken the money, and with a 40% tax band this can be expensive. E-Mail me or follow me. Small Business Bootstrapping How to start your own small business with no or little money. Outsourcing Options For Small Business Focus on your business, timeshare professionals. You ask a question, I answer! Ask me your small business questions, I will answer them ASAP.

2006 166

Small Business Bootstrapping Techniques | THE SMALL BUSINESS BLOG

The Small Business Blog

High profit home business Said on April 20th, 2008 at 9:12 pm Bootstrapping is great also because with success does not come huge expenses that can’t be endured with the ups and downs that come with any industry. PAYweb Small Business Payroll Said on February 23rd, 2009 at 6:29 pm Great article, and very interesting comments. E-Mail me or follow me. You ask a question, I answer! Ask me your small business questions, I will answer them ASAP. Starting a Small Business?

2007 160

SaaS for Very Small Businesses – Show Me the Money | THE SMALL.

The Small Business Blog

This might sound like a shocking statement, since "Enterprise Software" typically means the world of SAP and Oracle, and the traditional heavyweight, expensive, pay-huge-license-fees-upfront, then try-to-implement-forever model that does not work anymore. Joe Kraus , Founder of JotSpot and previously Excite sums it up: “ Ten years ago to reach the market, we had to do expensive distribution deals. E-Mail me or follow me.

2006 109