Payroll Help

Listen To the Podcast Here

A habit that plagues many business meetings is the point of talking without action.  What happens when we want to talk it out, but no one acts.  I have attended many meetings that quite frankly went in circles, and when I did take action, many were surprised because apparently, we were supposed to talk it out for at least two more meetings. Although I know talking is important and I enjoy talking, I also understand we have to  complete the goal or goals. Go into the meeting asking the questions you need so you can plan your next steps.

When are payroll tax liabilities due when processing payroll for the first time?

 Many understand payroll is one of the most substantial expenses.  Many business owners understand they will have to pay taxes, but many fail to realize that tax liabilities begin immediately with the first payment to an employee regardless of the size of your business.  Payroll taxes accrue or accumulate starting with the first payroll. 

Listen to the Podcast Here Episode 6302019

We have covered how to create pricing, including your labor cost, cost of goods sold, cost of services sold, business expenses markup, and profit markup.  Today, we will cover how to manage and pay labor costs when you can’t add it into your price or include a markup.