Your Questions About Business Online Payroll

Linda asks…
How do I calculate Employer’s NICs in Sage Instant Payroll?
Last tax year, I was calculating my Payroll and believed everything was in order. However, the balancing feature of Sage Instant Payroll told me that I owed money. I showed my accountant the workings from the program, and she told me that I should not have entered the total income from my client as gross pay once NICs started to kick in. She explained I had in fact overpaid. My accountant then said I should have deducted the 12.8% Employer’s NICs first and then used the result as gross. How do I do this when, if I enter a reduced gross amount, Sage will surely calculate an Employer’s NICs amount that is incorrect as it will be too low? My accountant is not familiar with Sage, so any help would be most appreciated.

Jere answers:
The following sites should help your accountant!!!
Sage (UK) Limited – Welcome – Sage Instant Payroll Self Study Workbooks
Sage 50 Online. Sage (UK) Limited. Sage Instant Payroll Self Study Workbooks. Course Overview … Specific area of Sage Instant Payroll and contains practical …
Www.sage.co.uk/welcome/InstantPayrollSelfStudy.aspx – 9k – Cached
2.Sage (UK) Limited – Welcome – Sage Payroll Self Study Workbooks Stage 1
Sage 50 Forecasting 2007. Instant Accounts. Instant Business Suite. Instant Payroll … Self Study Workbooks, you will have received a copy of Sage Payroll …
Www.sage.co.uk/welcome/PayrollSelfStudyStage1.aspx – 8k – Cached
3.Sage Instant Payroll training course
… Accountancy skills Sage line 50 and Sage Payroll, self study with manuals,cd … For small business in the UK, Sage Instant Payroll is a simple, easy to use …
Www.sage-training-courses.co.uk/sage-Instant-payroll-training.htm – 19k – Cached
4.Sage (UK) Limited – Shop
Sage Instant Payroll Self Study Workbooks. The Sage Instant Payroll Self Study … The Sage Instant Payroll Self Study Workbooks are easy to use, guiding you …
Shop.sage.co.uk/instantpayrollworkbooks.aspx – 28k – Cached
5.Sage (UK) Limited – Shop
Sage Instant Payroll. From: £95.00 ex VAT. £111.62 inc VAT. Buy Now. More info … Self Study Workbooks. Sage Instant Accounts. Sage 50 Accounts Self-study Courses …
Shop.sage.co.uk – 32k – Cached
6.Training Link > Sage Instant Payroll
… Accountancy skills Sage line 50 and Sage Payroll, self study with manuals,cd … Products In Sage Instant Payroll (Total Products 1, Showing: 1 -> 1) …
Www.training-link.co.uk/shop1/section.php?xSec=6 – 12k – Cached
7.Training Link > Sage Instant Accounts
… Accountancy skills Sage line 50 and Sage Payroll, self study with manuals,cd … Products In Sage Instant Accounts (Total Products 1, Showing: 1 -> 1) …
Www.training-link.co.uk/shop1/section.php?xSec=5 – 12k – Cached
8.SAGE ACCOUNTS Premier Training Sage computerised accounts bookkeeping distance learning self study home study
Full commercial copy of Sage Instant accounts. Sage User Guide … World leader in accounting and payroll solutions Sage is the UK’s most popular …
Premiertraining.co.uk/courses/sage_accounting/sage_accounting.shtml

Thomas asks…
help choosing computer for small business?
I am looking for information to help me decide on what computer to purchase for my new small business, used car lot. I don’t know much about computer purchases or where to start.
I will be using the computer to order credit report, financing, storing inventory, no payroll.
Thank you!

Jere answers:
For your case, your starting point is to decide which software will suit your needs.
Credit reports are just an online browser app so there’s no requirement there. Financing is a big variable. In many cases your finance sources will probably be an online app also, again with no special requirements, but if you have some kind of in-house financing that you need software for, that software can increase your system requirements. Lastly, inventory – if you’re just tracking your lot inventory, a basic Excel spreadsheet or easy MS Access Database is sufficient.
But you will probably want to include some bookkeeping/taxes such as Quicken.
So, if I’m right that your financing is basically all online to your loan providers, you computer hardware is pretty basic. Based on your description I’d recommend getting a name brand with good support like HP or Dell.
Here’s a Dell Configuration that I’d recommend for you. Hopefully the configuration link will work. If not, email me and I’ll send you the info.
Http://configure.us.dell.com/dellstore/config.aspx?c=us&cs=04&kc=6W300&l=en&oc=bv1s17ac&s=bsd

John asks…
Quickbooks payroll… I run a small company and will be hiring about 6 total employees..?
Is quickbooks payroll easy to use? I get very confused with alot of the accounting part of the business. I have an accountant that does all of it, but I dont want to pay someone to do the payroll as I would like to handle it myself. Also which quickbooks payroll should I look to get?
Thanks

Jere answers:
Http://www.quickbooksadvisor.info/sub/14_payroll.htm
We use QuickBooks for our checks, etc. That go to clients and it’s really simple for that. I can reconcile and everything right online in 5 minutes. We use ADP for our actual employee payroll which is PAINFULLY simple but probably too expensive to set up for fewer than 20 employees.
This one looks easy too https://www.paycycle.com/external/home.jsp

Richard asks…
Business Jobs Question?
Going for accounting. I am attending a community college my sat score was a 1260 in high school and i am around a 3.4 gpa in college and i will be going for my masters i want to become a financial advisor is a 3.4 a good gpa to get a great accounting job? any tips would be appreciated?

Jere answers:
Things You’ll Need
Résumé
Computer
Internet access
Newspaper
1
Look for entry-level positions advertised in the classifieds and online career websites like Monster, Careerbuilder and HotJobs. Although the majority of accounting professionals and firms will want to hire people with experience, a good deal of the accounting firms also offer entry-level positions. Entry-level candidates are less experienced, so the firm has the opportunity to train them in the way the company does business. Entry-level positions also pay less due to the lack of experience, and many companies would prefer to save in payroll costs rather than having to pay a higher salary for a more experienced and seasoned candidate.
2
Get educated in accounting principles, practices and accounting software programs. Even if you don’t have real-world accounting experience yet, get as much training as you can in an accounting degree program at a university or enroll in community college courses with a focus on business accounting and bookkeeping. You will learn valuable accounting principles, and the professional training you receive will make you a much more appealing candidate to accounting firms and businesses.
3
Apply for jobs in related fields. Seek work as a bookkeeper, accounts receivable clerk or even an accounting assistant position. Even a job as a cashier requires the ability to balance a cash drawer and provide accounting at the end of the shift. As you learn skills and gain experience from one job, you will be able to translate that experience into another position until you work your way up to the perfect accounting job.
4
Send your résumé and letter of interest to companies advertising for accounting positions even if you do not feel that you meet the minimum qualifications. Explain in your letter of interest that you do not yet have the experience they desire, but you are motivated and willing to learn. Request consideration as an intern or entry-level trainee. A company might be willing to take a chance on training you even though you don’t yet have experience.
Read more: How to Get an Accounting Job With No Experience | eHow.com http://www.ehow.com/how_6508087_accounting-job-experience.html#ixzz1WAQwiEkz

David asks…
T-shirt business – Inc., Corp., LLC., ?
I’ve started a t-shirt company that should be fully functioning within the next two weeks. I hired a larger company to promote, keep inventory, ship, handle customer service, etc. So nothing will be home-based and everything will be sold strictly online until I find a few retailers (which I do plan on doing). I live in the state of Florida and would like to register my company with the state. What is the difference between LLC, Inc. Corp., etc.? What would a company like mine, register under?

Jere answers:
Inc (short for Incorporated) and Corp (short for Corporation) are identical; it is just how you want to designate it in your company name and is a preference choice.
You would need to decide if you wanted a “C” corp (full-fledged deal), an “S” corp (still operates like a small business tax-wise, but gets some corporate protections), and an “LLC” (very similar to an “S” corp in most respects).
Your legal exposure is very minimal; your shirts are unlikely to cause damage or injury unless you are using toxic inks or there is cotton in your shirts that was grown next door to that Japanese nuclear plant that is leaking, so the legal protections offered by a corp structure are not so important to you. In fact, they may add some complication in terms of having to file both company and personal tax returns, maintain a business banking account, state business income/franchise taxes, etc.
Your main interest then is in the way taxes are treated. You can best review these with your CPA (you should hire one for at least this consultation, and consider using them to file your state and federal forms for you annually; so much easier and worth the cost). With a “C” corp, you need to drain the cash assets annually through payroll so you don’t end up with a taxable profit, which when you distributed that profit later is a non-deductible dividend expense to the company and a taxable dividend earning to you personally.
“S” and “LLC” arrangements are treated more like a partnership or sole proprietorship arrangement tax-wise.
You will have to open a business account at your bank because payments you receive payable to your company cannot be deposited to any other account, even if you endorse it to yourself. So you have those fees to account for in your business plan.
Good luck.
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