Many entrepreneurs wish to build up their companies and franchise it across the region, then state, then country and then the World. Well sure sounds good but it is not so easy. First it costs a lot of cash up front, about a million dollars to do it right. Then there is an abundance of lawyer fees, which make you hate all lawyers until the day you die with a passion so intense you may not even recognize yourself as these professional parasites attempt to rape you. Seriously.
Unless you are going to hire/train payroll staff this is the second least desired: your software calculates it for you, but you do the rest. For example, you can buy an annual subscription from QuickBooks or Peachtree (I am sure there are plenty of others). What is provided are updated tax tables as well as federal and state payroll reports. You enter the hours, print the checks, file the reports, make the tax deposits, file and pay your state obligations for unemployment, etc. All this has to be setup by you or someone you hire. You can also setup to e-file.
Set up procedures and processes for your business. Take the time to figure out how best to organize your office, your business, yourself. Write down all the jobs that must be done to keep your business running and determine when they must be done. Then determine who is best suited to complete each task. If you are a one woman shop then it would appear that you must do everything but consider whether it would be money well spent to outsource some of your tasks. Hiring a bookkeeper or enlisting a abacus employee payroll may free up your time for income producing tasks which will pay for the outside service and allow you to do what you love and what you are good at.
A nice dividend is one reward for holding this stock that provides payroll services to a variety of businesses. A good economy will also set things up for increasing the dividend. More jobs, more hirers, more money for ADP. Also an improving economy will mean higher interest rates. ADP makes money on the “float.” They collect money from business to meet payroll taxes, hold it until it’s due, them pay the government. During the hold period they collect interest on other people’s money. All kinds of ways to win with this nice yielding stock.
Upon having the correct documents completed and registered with the correct government bodies, you’re ready to set up a payroll schedule. Do you have to pay on a certain period, like daily or weekly? Nope, it’s entirely up to you, as long as you pay your people at least once a month. Once you select times for writing paychecks stick to them. You’ll need to post this schedule so that everybody can see it.
Claiming and optimising your Google Places listing is one of the most important things you can do to help your local search rankings. This is a good place to go for some initial Google Places help, then head over to Google Places itself and follow the instructions to claim the listing for your practice. Once you’ve claimed your listing you can go ahead and complete it with all the information Google asks for.
Let’s analyze why you are in the contractor business. Most likely it is because you love it, but of course the more practical reason is to make money. Keeping track of that money and all the various places it goes is a job in and of itself. However, there is a surefire way to make sure all your finances are in order and that is to use QuickBooks in your contractor business. Any contractor who has used this program over the years can tell you what a huge difference it makes in conducting business.
We recommend putting undesirable tasks right on your calendar. Figure out what time of day and what day of the week works best for you to get the dirty work done and schedule your least favorite tasks for this time. Then stick to the calendar. Get the job done and crossed off your to-do list. You won’t believe how good it feels. Use to-do lists, a calendar and an organization chart and you will find your business running more smoothly and your life feeling less hectic.