Category Archives: Payroll

Outsource Your Business Payroll

You probably didn’t start your business because you were passionate about performing administrative tasks. Most business owners decide to start their own company because they have a real love for a product, service, or industry. So why would a business … Continue reading

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Worry Less about Money with a Cash Flow Plan

By Dan Lacy, President and Founder, Dynasty Business Building One of the biggest stresses in business ownership is having enough money.  Enough money to pay employees, pay ourselves, pay vendors and pay for growth.   Money is the grease that keeps … Continue reading

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What to Expect from the New Unemployment Insurance Law for Employers

The Indiana General Assembly recently passed Unemployment Insurance (UI) legislation that will have an immediate affect on most businesses’ unemployment insurance premium rates. Business owners need to make sure that their accounting department, or outsourced payroll service, is in compliance … Continue reading

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New Year’s Bookkeeping Resolution # 8: Payroll Priority

Payday is eagerly anticipated by employees, but often dreaded by small business employers handling the payroll themselves. Hours of administrative work goes into making tax calculations, completing government reports, depositing tax money in various accounts, and writing and signing checks. … Continue reading

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Some Clarification About the 940 (FUTA) Tax for 2010

I have gotten a couple of emails and calls regarding the 940 (FUTA) taxes for 2010. So I thought I would pass this information on: A company usually pays .008 percent for employees wages on the first $7,000.00 for each … Continue reading

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Social Security Rates Change for 2011

New tax regulations took affect on January 1 that will effectively give employees a 2% raise. The new tax bill reduces employees’ Social Security (OASDI) tax rate from 6.2% to 4.2%, which will be reflected in the form of a … Continue reading

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Hiring Family Members to Save on Taxes

Own a small business in which your family helps you out?  Make sure to hire your family members and you can end up saving on taxes.  Hiring a child or another family member in a family business can save taxes … Continue reading

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