Payroll Management: Outsourcing vs. In-House Payroll

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From the moment small business owners hire their first employee, they must start thinking about how they should handle the payroll. Payroll management poses a variety of challenges for small businesses: from initial setup through payment distribution – and everything in between. Choosing the right payroll management system is one of the most important endeavors […]

Draws and Distributions – Who’s on first, what’s on second!

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In a previous post, we discussed how a business owner could be paid based on the type of entity established as well as the resultant business tax return. Do you know the difference between Draws and Distributions? In this post we want tackle other ways business owners take money out of the business including Draws […]

Payroll Management Systems Guide

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Payroll is defined as 1) a paymaster’s or employer’s list of those entitled to pay and of the amounts due to each, and 2) the total amount of money that a company pays to all of its employees. Beyond just an employee’s salary, you must also figure in bonuses, deductions, and taxes, and the payroll department […]