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The Many Benefits of Direct Deposit

The Many Benefits of Direct Deposit
Direct deposit is an optional way to receive your payment directly in your bank account rather than having a paper check.

Direct deposit is an optional way to receive your payment directly in your bank account rather than having a paper check. Any type of payment can be direct deposited, from your paycheck to a Social Security payment to your tax refund. The transaction type is known as an ACH or automated clearing house transaction, and most employers offer it as a payment option, even in small businesses. Aside from being free for employees (or payees), direct deposit has additional benefits that you should consider. Continue reading “The Many Benefits of Direct Deposit”

3 Simple Tax-Filing Tips To Follow For Your Small Business

Learn how to file your taxes for your small business.

We are approaching the end of the year, which means right now is the perfect time to get all of your tax information in order.  If you are a small business, it is essential that you file your taxes on time so that you avoid any penalties.  Paying your taxes late can result in you getting in serious trouble with the IRS. PL Consulting can assist you with filing your taxes and make sure that you submit all of your forms before the deadline.  Luckily, there are a few simple tips you can follow when it comes to filing taxes for your small business. Continue reading “3 Simple Tax-Filing Tips To Follow For Your Small Business”

3 Year-End Payroll Processing Tips

Learn how to operate payroll at the end of the year.

We are toward the end of December, which means 2018 is coming to an end.  For all of the small business owners out there, the end of each year is the time when you need to process payroll for the past calendar year.  Processing payroll at the end of the year can be complex and detail-oriented requiring you to calculate taxes and compensation totals for each employee.  Luckily, there are a few simple payroll processing tips you can follow at the end of the year. Continue reading “3 Year-End Payroll Processing Tips”

Business Tips To Follow Before The Year Ends

Follow these business tips before 2018 ends.

We are entering the month of December which means we are getting closer and closer to 2019.  With the new year fastly approaching, you need to make sure you are tying up any loose ends when it comes to your business.  You want to make sure you are in a positive financial situation once the new year comes.  Luckily, there are a few simple business tips you can follow so that you can end the year smoothly. Continue reading “Business Tips To Follow Before The Year Ends”

How To Set Up Payroll For Your Small Business

Are you in the midst of setting up your payroll?

Running a business is not an easy feat, whether you are in charge of a large company or starting a small business.  If you are in starting a small business, one of the most important aspects is setting up payroll so that you can pay your employees and yourself.  In last weeks blog, we discussed general tips on how to operate and manage your small business’s payroll on a regular.   If you want to learn how to set up payroll for your small business, then follow these simple tips. Continue reading “How To Set Up Payroll For Your Small Business”

3 Small Business Payroll Tips

Learn how to manage your payroll properly.

Running a small business is not an easy task, especially one that is successful and improving on their profits on a yearly basis.  An important aspect of running a small business is setting up and managing your payroll services.  You want to make sure you are managing your payroll properly so that you avoid IRS penalties once tax season comes around.  Luckily, there are a few payroll tips you can follow Continue reading “3 Small Business Payroll Tips”

3 Ways To Improve Your Accounts Receivable Processes

Learn how to improve your accounts receivable process.

Running a successful small business is not an easy task and involves coordinating numerous elements.  An important part of running a small business is having consistent cash flow and improving it over time.  In order to achieve this, you need to have an efficient accounts receivable process, which includes having your customers pay you in a timely manner.  Luckily, there are a few simple ways to improve your small business’s accounts receivable processes. Continue reading “3 Ways To Improve Your Accounts Receivable Processes”

How To Create A Budget For Your Small Business

Learn how to create budget for your small business.

Starting a small business can be a stressful process since there are several elements involved.  One of the most vital elements of opening a small business is crafting a budget.  You want to create a budget that you can realistically follow so that you can at least match your expenses to your expected revenue.  Your budget should allow you to expand and grow your business in the future.  Luckily, there are a few simple tips for creating a budget for your small business. Continue reading “How To Create A Budget For Your Small Business”

Do You Need Help Creating A Strategic Plan For Your Small Business?

Learn how to create an effective strategic business plan.

Any type of business needs to formulate a strategic plan when wanting to accomplish a task, especially when it comes to starting a small business.  If you are starting a small business, you may not have a steady revenue or customer base yet.  So, you need to create a strategic plan to get your business off the ground.  A strategic plan can become the groundwork of how specific procedures are run at your company.  There are a few vital steps you should include in your strategic plan for your small business. Continue reading “Do You Need Help Creating A Strategic Plan For Your Small Business?”

A Simple Guide to Financial Statements

Here is a simple guide to business financial statements.

An integral part of running a small business is analyzing your finances on a regular basis.  You need to stay up to date on important financial aspects of your business such as your revenue, expenses, and cash flow.  At PL Consulting, we specialize in putting together your financial statements and analyzing your financial position at the end of each cycle.  However, you still need to understand the basics of accounting when it comes to your small business.  Luckily, we have put together an overview of the financial statements you need to prepare.

Continue reading “A Simple Guide to Financial Statements”