Your Questions About Business Online Payroll

Jere answers:

Not “live” payroll, but many accounting/bookkeeping practices offer ATF (After The Fact) payroll services.

The software doesn’t calculate withholding (except maybe FICA) and merely takes your information and compiles it into a Tax Return or Report for filing.

Many states have mandated filing business returns, like payroll, online.

Jere answers:

Http://www.payroll-taxes.com/index.html

that site, free, taught me all my federal and state payroll needs. Its actually pretty simple. Go to irs.gov and they have a “start new business” link that explains forms you need to fill out. Also, search google for “(your state) articles of organization” if you want an LLC (its a pass threw company, so you are only taxed once on the money you make and are not liable for anything. Meaning, your house cant be taken away if you are sued. I hope everything goes well for you 😀

Also, your state website should have a lot of information too.

And, you will need to find your county’s website and file for a Business License. I live in New Mexico, it cost me $75 to start my own business 😀

Jere answers:

Have you tried Quickbooks online? Intuit Online payroll is $10-25 per month and does everything, you can print out the checks.

Http://payroll.intuit.com/payroll_services/online_payroll.jsp

Everything You Need from Payday to Tax Day With reminders, automatic calculations, direct deposit, and electronic filing, Intuit Online Payroll has everything you need to pay employees and taxes accurately and on time – you just enter time and approve amounts.
Payroll Features
Automatic paycheck calculation for 21 pay types, including salary, sick pay, and commissions
Email reminders when it’s payday
Instant paychecks, direct deposit, and W-2s
Free direct deposit, or printable checks
iPhone app for mobile payroll
Reports on employee pay and deductions
Unlimited number of payrolls each month
Free support from experts
Tax Features
Automatic federal and state tax calculations, guaranteed accurate
Email reminders for taxes and unemployment insurance
Electronic federal and state tax filing2
No tax payments until they’re due3
Automatic W-2 preparation for all employees
Electronic W-2 filing
Reports on tax liability, wages, pay, and more

Free Templates:

There are free timesheet schedule templates in Excel, if you have 2007 they look nice. Just click on New and go to the bottom of the list and click on timesheets, select the template you want. One is called Employee Timecard and it looks good for time tracking.

Jere answers:

In home based businesses, depending on which one you get involved in, it usually takes about 2 to 4 weeks to start making an average income. (about the same time frame as your first payroll period) Then as you keep working your business, 4 to 6 weeks to increase that income, and 3 to 6 months to be self sufficient. That is only if you put the time and effort into it. If you just say “I started a business” and don’t put any time or the effort needed in your business, then you won’t make an income.
Most people have full time jobs and run their business on the side. When their business reaches the income level they desire, they put their normal jobs down and continue with their business growing. Other’s dive into it head first and tackle it and get it going faster. Either way, you have the same opportunity to make a sufficient amount of income.
I don’t know what you enjoy doing, hobbies, interests etc, so I’m not sure which home based business to refer you over to.

Jere answers:

In small business, there’s often a temptation to try to save money by doing everything in house, but this can turn out to be a costly, time consuming mistake. Identifying and outsourcing time-intensive tasks in the workplace can enable business owners to devote more energy to the activities in which they are most adept. Today, many small business owners outsource a variety of technical jobs to experts over the Internet, enhancing the quality of the company’s output and putting the focus back on marketing and building the business. Here are five activities that all small business owners should consider outsourcing.

1. Taxes

While tax preparation can be handled by non-accountants, the intricacies and laws involved in business tax preparation can be mind-boggling. The area can be a veritable minefield of potential infractions and tax penalties. The peace of mind that comes with having this work done by a professional is well worth the premium price tag. With the help of an experienced tax preparer, companies can save a huge amount of time and money while staying on the good side of the IRS.

2. Administration

Businesses who try to have all administrative work handled in house may find themselves buried in paperwork. Continual administration tasks can sap morale from regular employees while keeping workers specifically for these tasks may be less than efficient over time. Fortunately, the Internet has revolutionized administrative outsourcing. Virtual assistants can take care of a wide variety of routine jobs including returning emails and calls, generating reports and setting appointments. This is often a huge saver of time and energy for in-house personnel.

3. Payroll

Even very small businesses may have to devote many hours each year to the time-intensive task of processing payroll. This can cost companies both in terms of hours paid to employees and in possible tax penalties related to incorrect payments or filings. Doing payroll in house also requires keeping up with current tax tables in order to avoid headaches with the IRS. By outsourcing this work to payroll services, business owners can concentrate on the aspects of business that they enjoy while saving money and avoiding responsibility for tax errors.

4. Training

Bringing new employees up to speed and keeping long-time employees current on modern skills is important for staying competitive, but it’s easy to become overburdened with training. Instead of having staff trained in the office, businesses should consider arranging employee training at a local community college. In some cases, companies have also made training easier on employees by reimbursing them for their education-related expenses.

5. Reputation Management

Today, keeping track of online reputation is an important part of any comprehensive marketing plan. Social media is a major contributor to the performance of businesses with an online presence, and while maintaining social profiles may be simple in many cases, online reputation monitoring usually isn’t. Even with the online tools available, this job can take incredible amounts of time. Outsourcing this work to an online service means receiving regular reports that are far easier to work with than the endless stream of data that would require analysis by office staff if reputation management were performed in house.

Thanks to modern technology, outsourcing is now easier than ever before. By identifying tasks that should be sent to outside workers, companies can improve productivity and spur growth. The powerful combination of saving time and money and magnifying in-house strengths shouldn’t be ignored by today’s small business owners.