As a business owner, it’s easy to prioritize your bottom line over everything else. However, when it comes to retaining good workers, it’s important to also consider the impact that payroll mistakes have on employee morale. While errors in payroll may seem like a small issue, they can have significant consequences for your employees and your business. So, Edgewater CPA Group is here to make sure you don’t make those mistakes and keep great employees.
Managing payroll is an essential part of running a business. However, before you decide which type of payroll system is right for your company, it’s important to understand the pros and cons of each. Below, Edgewater CPA Group walks you through the four most common types of payroll systems, giving you a better idea of which solution is right for you.
If you’re like most business owners, you probably dread the thought of payroll management. After all, it’s a complex and time-consuming process that can be very frustrating. But did you know that payroll management from Edgewater CPA Group can actually help your company in many different ways? Let’s take a look at just how we can accomplish this.
Being a business owner is tough, especially in today’s environment. Wage pressures, staffing shortages, and supply chain issues represent just a few of the challenges you face daily. Sometimes, you find yourself putting out fires all day, going home exhausted, and then realizing you didn’t accomplish anything substantial. Would you like to refocus, reduce the noise, and focus on your business? In this post, Edgewater CPA Group provides five ways to do just that.
Are you a New Year’s resolution kind of person? It may not surprise you to learn that one of the most common resolutions is better financial management. Whether or not you’re the resolution type, any time is a good time for better money management. In this post, Edgewater CPA Group provides tips and tricks to help you achieve your financial goals.
As a business owner, you’ve probably experienced some of the fallout from the pandemic, and other economic factors, since 2020. As 2021 nears the end, now is an excellent time to look toward forecasted cost increases in 2022. After all, to be forewarned is to be prepared. Kiplinger releases an annual report highlighting cost increases for businesses, which many entrepreneurs value. As such, Edgewater CPA Group highlights some of its significant predictions in this article for your review.
Businesses constantly search for ways to streamline processes and cut costs. Every business charges money for a product or service. This means they must also pay employees, report revenue, track expenses, and pay taxes. All of these tasks require expertise and time, which is why outsourcing them as a package makes sense. Fortunately, Edgewater CPA Group offers business bundling for accounting, tax, and payroll services (and more).
Many small businesses have been negatively impacted in 2020, and Indiana businesses are no exception. Edgewater CPA Group witnessed the closing of many longstanding Indiana businesses, such as the Butler-Tarkington hardware store owner who closed up shop after 43 years in business. Costumes by Margie closed after 50 years in business. Moreover, restaurants, hairdressers, and movie theaters have also been hit hard due to the pandemic. If your small business closed permanently this year, here are three things you need to do for your final business tax preparation.1. File Your Final Tax ReturnThe IRS requires final tax reporting, as does the Indiana Department of Revenue, along with the satisfaction of tax debt upon the close of your business. The tax and reporting requirements can be cumbersome, and mistakes can be costly. Here are the final tax return requirements for your business tax preparation.Sole proprietors. File a final Schedule C. Note: Schedule C … Continued
The COVID-19 pandemic has changed the way America works. Companies that never would have dreamed of making remote work part of their model are changing their tune. In June of 2020, over 40% of workers were working remotely, and many have continued since then. Working remotely has its pros and cons, especially for companies new to the practice. At Edgewater CPA, we get it – and we’re happy to provide tools, like payroll management, that will make your life easier as a manager. What’s more, here are a few tips on managing your newly remote workforce.
Let’s face it, life is hectic and chaotic for many people right now. Between business owners eyeing an uncertain economic future, employees hoping they won’t get laid off, and parents trying to figure out school plans for their kids, we’re carrying a lot of stress these days. That’s why it’s so important to encourage your employees to come together as a team. Team-building activities can help foster bonding and create a sense of shared purpose that can have a serious impact on your bottom line. Edgewater CPA Group has a few ideas on how you can do just that, as well as great payroll solutions when you need them.
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