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Posts Tagged ‘payroll’

Business: General

December 17, 2009

Business Payroll Software – Why Companies Need This

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From business payroll computer software. It is not possible for a sizable company to do business without having a number of employees. And, of course, where there are employees, there will be payroll. After all, employees do not work for free. Admittedly, payroll is both boring and lackluster. However, it happens to be one of the basic, and essential, jobs in any kind of organization. Business payroll software is simply a method of easing the burdensome responsibilities involved with the payroll function of any concern.

For any errors in payroll will no doubt result in not only grievance from the staff but also could bring consequences from applicable regulatory authorities. Business payroll software is the perfect manner of organizing these everyday responsibilities.

Payroll is probably the single most boring aspect of any business, and it isn’t surprising at all if you are reluctant to dedicate a lot of time and attention to the task. Also, the idea of having to hiring employees to handle payroll and it’s various issues can also cause a rather large financial burden to a small, or just starting to grow company.

Striking one check whenever necessary may be perfectly acceptable if the company is only concerned with a small number of employees. When you start getting bigger, it becomes necessary to have a more standard and organized method of dealing with payroll. Business payroll software could be the ideal technique for preparing the company’s remittances.

In the smaller companies, where everyone is at the same location, and everybody gets a fairly basic, straight-forward salary, it’s not such a complicated situation to be responsible for dealing with the payroll. Alternatively, if the company has many satellite locations and the workforce incorporates hourly wages with overtime consideration or varying payroll scenarios with various shifts, the payroll situation rapidly transforms into a much more complex activity.

Business payroll software was probably among the first business applications that anyone thought of to automate. After all, it involves a lot of boring but necessarily accurate calculations. There’s also accurate, up to the minute database that needs to be sustained to keep track of both records and results. The calculation of gross pay, various taxes, allowances and incentives may be a serious opportunity for a trained accountant, not to mention the business owner.

You can probably continue to get by without using any sort of business payroll software if you already have a small payroll, or want to keep costs down. However, if accuracy and speed are important, if your organization is growing, if you don’t have the time or the inclination for pesky payroll calculations, consider some kind of computerized payroll calculation method.

There are a huge number of payroll software options available, and a simple search with your favorite search engine will bring up any number of resources where you can download such software, either paid versions or free.

For more please see payroll check software and managing payroll with software.

Business: General

A Lesson in Tax Law, Part Six: Tax Law and End of the Romans

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W. Marc Gilfillan

W. Marc Gilfillan, CPA, NC, individual and business CPA and Tax expert, shares about the history of taxes…

Mithridates the Great was the leader of a tiny nation near what is now Turkey. He had an amazing ability to arouse rebellion among disgruntled taxpayers. In 88 BC he organized a rebellion fighting Roman rule. By promising five years of tax immunity to every city that followed his army, he gathered considerable help.

The Roman Senate quickly took swift action and appointed General Sulla to muster an army and restore Roman authority in the rebellious area. Sulla was victorious in squelching the rebellion after a 4-year struggle. When the revolt was squashed, Sulla ordered the leaders of the disgruntled cities to meet him at Ephesus. There the citizens were to denounce the 5 years of back taxes plus pay the general for the cost of the war.

To enforce this tax, Sulla established “special agents.” These special agents were given the ability to scourge and behead, which was plenty to cause any taxpayer cooperative. Until this time there were self-assessment tax collections, private tax collection, military tax collectors and the traditional government tax collectors. However, these new “special agents” were very skillful specialized men with the arrogance of bureaucrats and the power of military executioners. Taxpayers lost all inclination to evade. If you’re feeling the pressure with today’s taxes, call a Tax Preparer in Raleigh, NC for all your tax-related needs!

Special Agents have been instituted several times in the course of history, surviving in modern times as “financial police” or simply “special agents”, using the title first instituted by Sulla over two thousand years ago. As the practice of Sulla’s special agents was put in to place in other nations, the army came to understand that the rich spoils of war came from their general, as opposed to the Roman Senate. Roman generals returned to Rome with the blind loyalty of their soldiers. Great civil wars broke out as rivalling legions slaughtered each other. With these moderately private armies, establishment of a military dictator was inevitable. Thus, the Roman Republic died. Royalty, dictators, and generals would now run the Roman Empire for the next 2000 years. Democratically designed governments and republics would not play a dominant role in civilization again until the 1800s. Go here if you want help with modern-day Tax Preparation in Cary, NC.

Keep an eye out for W. Marc Gilfillan’s next chapter in his History of Taxes series: Taxes and the American Revolution.

http://www.marccpa.com/

Business: General

December 4, 2009

A Lesson from History About Tax Law, Part 3: Taxes and The Rosetta Stone

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W. Marc Gilfillan

W. Marc Gilfillan, CPA, NC, individual and business CPA and Tax expert, shares about the history of taxes…

The Rosetta Stone, unearthed by Napoleon, was perhaps the absolute most helpful Egyptian archaeological discovery in history. The Stone had the same text in three different languages: Egyptian hieroglyphs, demotic (known as Egyptian script) and Greek. Using the Greek version, archaeologists figured out how to decipher the demotic and then the hieroglyphs. But the question is sustained: Egyptians had paper, named papyrus, so why was the writing etched in stone? Also, why 3 languages? And why Greek?

The Stone has been in existence before 3000 B.C. The Rosetta Stone was created around 200 B.C. during the reign of Ptolemy V (a king of Greek descent). So where did the Pharaohs go? At this point in history, Egypt was taken over in 700 B.C. by the Assyrians, then the Persians, and finally the Greeks in 330 B.C. After existing for 2000+ years, Egypt was in decline.

The Ptolemy’s were by and large good rulers, but around 200BC, during which the Rosetta Stone was etched, Egypt had just concluded a ten year long civil war. The civil struggle broke out because of exorbitant and oppressing taxes strengthened by tough Greek tax collectors. As the war ended there was still much unrest. Ptolemy V created a Proclamation of Peace which granted general amnesty for all rebels and tax debtors, reigned in taxation practices, ceased forced draft into the navy, and reinstituted tax exemption to the priesthood, temples, and their crops and lands, as it had been in the reign of the great pharaohs. If you’re feeling the pressure with today’s taxes, call a Raleigh NC Accountant for all your tax-related needs!

This was a great edge and financial windfall for the priests and temples and they wanted to make certain first all people knew it and, secondly, did not want it to be taken away again at some time in the future.

As a result, “Rosetta Stones” were carved and put at the entrance of every temple in Egypt. The Rosetta stones acted as warnings to all that tax exemption had been given to the priesthood and this temple and was a “Do Not Enter” proclamation to curtail the lawlessness of the king’s tax men. Go here if you want help with modern-day Tax Preparation, bookkeeping, and payroll in Cary NC.

This still begs the question: why written in stone? The answer is because the priests wanted to make sure it wouldn’t disappear or able to be simply destroyed. Another question was why write it in three languages? The Stone was carved in 3 languages so that everyone could read and follow the message the priests wanted to spread to everyone of Egypt. It was written in Greek to be very clear to the king’s tax men that they couldn’t even go inside the temple gates.

As a result of the most important Egyptian archaeological find in history, the stone unraveled the weird language of the Egyptians, made us capable of discovering the key to hieroglyphic writing and subsequently the key to unlocking the mystery of ancient Egypt and the understanding of the Egyptian way of life for 3000 years was, in truth, a tax document.

Keep an eye out for W. Marc Gilfillan’s next chapter in his History of Taxes series: Taxes and The Colussus of Rhodes.

http://www.marccpa.com/

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