Did you know B&J Bookkeeping & Taxes can also perform expert payroll services for your business? The holidays are coming up and your workforce is likely to change. To help, we will tell you seasonal tips for payroll for small business.
1. Prepare for Pay Frequency Change
One of the most common occurrences during the holiday season is pay frequency change. Many holidays can fall on payday, so be ready to make adjustments. In addition, holiday workers may prefer to be paid on a weekly basis, rather than the standard two weeks. In this case, we recommend considering changing all workers to a weekly pay rate in order to stay on top of the issue.
Demand for payroll employees are expected to rise by 254,000 in Q4. Source: U.S. Bureau of Labor Statistics
2. Be Ready to Hire for the Season
You may not need seasonal workers for another month or two. However, you should know who you need, what you need them for, and how much you are willing to pay by now. Did you have good seasonal workers last year? Contact them to see if they are available this year. Additionally, we recommend putting a call out for workers whether you definitely need them or as a back up plan should your demand for your business explode.
3. Utilize Payroll Technology
No one should be punching a clock any more. You don’t need fancy software or an information technology degree to work the latest tools. Feel free to use anything from a simple spreadsheet to give to your payroll specialist to something more advanced. We like to recommend:
- QuickBooks – The staple for business software with all sorts of tools.
- ZohoBooks – For those of you who already use Zoho.
- Clockify – Named the best time tracking mobile app by Forbes, for those of you who don’t use QuickBooks time.
4. Don’t be Afraid to Pay
The holiday season may be the first and only time a customer comes into your business. Ensure a positive first experience by paying higher than the industry average. We also recommend taking more time to train and follow up with seasonal workers.
Did You Know? Over half of holiday shoppers plan to begin their shopping in October? Source: National Retail Federation
5. Get a Small Business Payroll Professional
We see many payroll mistakes during this time of year, given all the extra stress. Avoid it all by getting a professional payroll service in your area to take care of it. Be sure to do your research and select a brick and mortar operation with a long standing reputation of accuracy and excellence.
More Seasonal Tips for Payroll for Small Business
Ready to take care of payroll for your own business in Texas? We at B&J are experts in helping you get out your payroll on time and to the penny. We can also help you balance your books and file all of your taxes. Contact our office or call us at 281-894-6494 if you live in the Texas area and need payroll help.