In the age of COVID-19, many people are taking advantage of a slower-paced world by finding opportunities to grow their businesses. As a result, some have transitioned to a place where they may need to hire help and are seeking guidance on how to appropriately pay the people doing work for them. If you’re one of those people, do you know what payroll really means?
Show Notes
In the age of COVID-19, many people are taking advantage of a slower-paced world by finding opportunities to grow their businesses. As a result, some have transitioned to a place where they may need to hire help and are seeking guidance on how to appropriately pay the people doing work for them.
If you’re one of those people, do you know what payroll really means?
If you’ve asked questions such as, ‘What is payroll? How and who can I pay? When do I pay myself? What about state and federal withholding?’, etc.-- we have you covered.
On this week’s episode, we’re diving into:
- The DO’s and DONT’s of payroll
- How to select the business entity type that is most tax advantageous for you
- The importance of documentation reflecting how you’re paying people in the event that you’re audited, and more!
Need more? Our team has put together a free
resource library to save you valuable time and energy in your business!
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Creators and Guests
Host
Keila Hill-Trawick, CPA, MBA
Helping entrepreneurs create and maintain the business they want | Building to Enough | LinkedIn Top Voice | Intuit Partner Council | Accounting Firm Owner
What is Build to Enough ?
Little Fish Accounting presents Build To Enough. The pursuit of endless growth and scaling can leave entrepreneurs feeling burned out and unfulfilled. This podcast explores how to build sustainable, purpose-driven businesses that align with your lifestyle and values, rather than defined by rapid expansion alone. On this show, we’ll reframe definitions of success, provide strategies for structuring companies around desired lifestyles, and share stories of entrepreneurs finding deeper fulfillment by focusing on “enough.” Join us as we discuss moving off the hamster wheel and building businesses with balance and meaning.