Payroll

Payroll Solutions for Small Businesses

Payroll Solutions for Small Businesses

Today’s topic focuses on payroll solutions for small businesses. When first starting out, a large population of small business owners, especially solopreneurs, will skip out on a payroll solution. And soon enough, we discover the cost of doing so: that large year-end tax bill.

Poor Habits Lead to Weak Cash Flow

Poor Habits Lead to Weak Cash Flow

In speaking to Jowanna Parris-Daley of Daley Word, we shared a common concern for the small businesses we support: poor cash flow management. This topic is always on the top of the list for businesses, no matter how long they’ve been in operation. It’s especially crucial for new business owners to grasp the cause and effect of certain habits. Below are two areas where most new businesses fail resulting in a weak cash flow.

Paying Yourself

Paying Yourself

I’ve had so many amazing opportunities in this journey with Providence and I wanted to bring a topic to point in this read that affects all of us as small business owners, especially those of us just starting out. An important factor for business owners when it becomes your only source of income is paying yourself.

Proof of Income for Small Businesses

Proof of Income for Small Businesses

Let’s talk about the equation to having proof of income. Yes, proof of income is a hot topic among startups and small business owners. They just don’t know it. You see, everything compliant surrounds proof: legal has evidence and financials have documentation. Being an entrepreneur doesn’t exempt you from this need to prove your financial worth.

Misclassification of Employees

Misclassification of Employees

Today we are looking at the effects of misclassifying of employees. Every business that endures the struggle of the startup process, especially the ones that started with a solopreneur will eventually feel the need to employ the services of others.