Closing your books every month is an essential part of running a business. Why? It regularly shows you your business’s financial information, explains what areas need to be improved upon, and is all around a great practice to stay in line with financial honesty and accountability. It can also help you make decisions about future […]
Everything You Need to Know About PPP Round 2
After months of logjam from Congress on a possible stimulus deal to prevent Americans from experiencing a potentially catastrophic and prolonged recession, it appears there may be some light at the of the tunnel. Earlier this week, a proposal was put forth by centrist members of Congress for a $908 billion dollar stimulus package. I […]
The Pulse Chattanooga | Southern Payroll & Benefits featured in the EPB Local Business Spotlight
While Chattanooga has plenty of payroll and benefits companies, many of those have focused on providing services for larger organizations—until now. Southern Payroll & Benefits arose to fill the essential need of human resources services for companies with one to 99 employees, focusing tightly on companies in any line of work with 49 or fewer […]
Stay Out of Legal Trouble
This October, two small Tennessee restaurant chains have been found guilty of illegally retaining servers’ tips, violating wage and recordkeeping laws, and violating child labor laws. Fines between the two companies totaled over $750,000. We always stress the importance of working with a reputable Payroll/HR company that is knowledgeable in the legal field, and one that […]
Importance of Employee Time Tracking
Successful businesses often rely on time tracking software to help stay in compliance with their employees and the law. Far too often, businesses not accurately tracking employee time are forced to deal with devastating repercussions. In June of 2020, a local plumbing company in Tennessee violated Federal Wage and Child Labor laws. The owners did […]
3 Benefits of Working With a Third-Party Provider for Payroll
For growing companies, payroll services are among the most stressful HR responsibilities. As the source of your employees’ livelihood, payroll must be inputted accurately, but the time-consuming process can eat into other tasks necessary for a business to run successfully. Third-party providers for payroll offer a convenient and cost-effective solution. Here’s how their experts can […]
The Payroll Tax Deferral Explained
What Happened? On August 9, 2020, President Donald Trump issued a handful of executive orders (or memorandums) in an attempt to revive the U.S. economy. One of those executive orders pertains to a “payroll tax deferral”, which provides vital funding for Medicare and Social Security. This has left many people confused, including countless business owners […]
The New TN Law For Pregnant Workers
The New Law Tennessee Governor Bill Lee signed the Tennessee Pregnant Workers Fairness Act (Senate Bill 2520) into law on June 22, 2020. This new law now requires every employer with at least 15 employees to make reasonable accommodations for their employees or prospective employee’s medical needs. These accommodations stem from pregnancy, childbirth, or other […]
The PPP Was Extended: Expert Advice On Why You Should Apply
The Paycheck Protection Program (PPP) recently received an extension bill July 4th, offering business owners and self-employed individuals an additional 5 weeks to apply for a PPP forgivable loan (ending August 8th). Roughly 5 million businesses have already received funding; however, there are a large number of people who have still not applied. To date, […]
QuickBooks Online vs. QuickBooks Desktop: Which is Better?
Every small business owner needs accounting software for his or her company. QuickBooks has remained as one of the most popular accounting platforms for business owners to use today. Product-based businesses with inventory to sell typically use the Desktop version, while service-based businesses and businesses with multiple locations will typically pick the Online Version.