Payroll Pro Insights: Helpful small business tips, measurements of success, and much more all here?

Payroll Pro Insights – your biweekly companion for staying in the know about the Payroll Industry. We've got you covered with everything from compliance and legal updates to those all-important payroll reminders. Our newsletter provides expert insights in a friendly, easy-to-digest format so you can stay informed and confidently manage your payroll.

It's a great time to choose a payroll provider. Increasing efficiency should be at the top of your list. Fingercheck is determined to make every hour count. Ready to switch?

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How to prepare a profit and loss statement: a guide with examples

A profit and loss statement, or a company’s income statement, is a significant financial document that provides a snapshot of the company’s financial performance over a specified period, typically quarterly or annually. The statement shows whether a company has generated a profit or incurred a loss over the stated period by providing insights into revenues, costs, and expenses.

Usually, the income statement starts with the company’s total revenue (gross income) from sales of goods or services. Various expenses, such as the cost of goods sold, operating expenses, taxes, and interest payments, are then subtracted from the total revenue to arrive at the net income or net loss for the said period, highlighting the company’s profitability or lack thereof.

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ACA Compliance: a guide for small businesses

The?Affordable Care Act?(ACA) has transformed the landscape of employer-provided health insurance in the United States. One of the central tenets of the ACA is the Employer Mandate, which requires certain employers to offer health insurance coverage that meets specific criteria to their full-time employees. Failing to comply can result in significant financial penalties.

This blog explores the key aspects of ACA compliance, how to navigate the complexities, and why external support might benefit your business.

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What does paid in arrears mean? A guide for small businesses

In business finance terms, being in arrears refers to pending payments or debts not settled within the defined time frame. It may either mean that a small business is owed money by customers or clients or that the business itself owes money to its employees or clients beyond the specified payment term.

Whether you are an existing small business or considering starting out, you must clearly understand various payment methods and what it means to be paid in arrears.?

Let’s dive into understanding the concept better.???

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SMALL BUSINESS NEWS

• The New York Post: Survey reveals how female small business owners measure success - This survey of 1,000 female small business owners examined how their experience has shifted in the past year
• Mastercard Newsroom: How Kevin Kim’s immigrant story fuels NYC’s small businesses - He set out to make sure people just like his parents would know about SBS, which provides a long list of resources for small businesses, including funding, commercial lease assistance and government contracting opportunities.
• Forbes: New Reports Show Small Business Owners Are (Mostly) Positive About 2024 - Happy days are here again for small business owners—well, kind of. There’s a lot of good news (mixed with some challenges) in several reports and surveys of the nation’s small business owners.