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3 ways outdated payroll processes hurt your business

Insperity

You also need to track voluntary deductions like health insurance and 401(k) contributions, prepare and file quarterly reports, and process w-2s at the end of the year. It’s crucial to stay on top of what it takes to stay in compliance to reduce legal liability. Hiring a bookkeeper or CPA. Costs associated with inefficiency.

Payroll 174
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How to Disaster-Proof Your Electronic Data

Insperity

Legal documents, employment records and client data are all typically housed on a disc, hard drive or online environment. Back your data up off-site, Meghan Blair-Valero, founder of Fogged In Bookkeeping , advises in her blog. Companies today have a particular dependence on electronic files. Secure off-site. ” Cover your assets.

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Want To Be a Freelancer? Here’s How to Get Started

Success

Finally, freelancers must develop basic financial management skills and/or outsource key tasks to an expert to handle responsibilities like bookkeeping and taxes. This might mean creating marketing materials, networking, engaging on social media and developing a website. This will help you market to the right clients at the right rates.

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Should you go solo? 4 things for attorneys to consider

Ruby

But learning the ropes of the legal profession requires plenty of mundane drudge work. As Above the Law notes, because of online legal service providers, “Many law firms that once did nothing more than prepare documents for clients are finding that there’s less of a need for the services that they provide.” Are you experienced?

Legal 52
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Making Taxes Less Taxing

Success

For example, the Wave Advisors program provides bookkeeping support and one-on-one accounting and payroll coaching. Each company offers free support, but this support varies by hours and by type (phone, video, chat or email). Some even offer additional help for a fee.

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a volunteer group I founded years ago is devouring my life

Ask a Manager

Because my job gives me significant exposure to bookkeeping and accounting, and because I felt I couldn’t leave a giant mess for someone else to clean up, I agreed to develop a new accounting system and use my institutional memory to reconstruct years of old financial records.