Payroll Services Archives - Page 2 of 2

A Look Ahead to 2022: Forecasted Cost Increases for Businesses

November 20, 2021 | Bookkeeping Services

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.

Try Business Bundling for Accounting, Tax, and Payroll Services

August 3, 2021 | Bookkeeping Services

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).

Business Tax Preparation: 3 To-Do Items to Close Your Small Business

December 17, 2020 | Indiana

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

5 Ways to Effectively Manage Remote Workers

November 10, 2020 | Carmel

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.

4 Team-Building Strategies for Challenging Times

August 19, 2020 | Fort Wayne

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.

What Biden's Stimulus Plan Means for Small Business

3 Essential Criteria of a Payroll Service

May 20, 2020 | Fort Wayne

Payroll is an essential part of running a business. Employees need to be paid for their work, and the appropriate information needs to be reported for tax purposes. A one- or two-person shop might be able to manage payroll on their own, but many small businesses find that a payroll service from Edgewater CPA Group makes them more efficient. Entrusting your team’s payroll to an outside service is a big step. Here are some important factors to keep in mind.