Fortune Business Consulting

Category: Human Resources

HR Outsourcing | Commercial Insurance | Payroll – Fortune Business Consulting

  • Ways to Improve Your Bottom Line: In-house Vs. Outsources HR/Payroll Solutions

    Ways to Improve Your Bottom Line: In-house Vs. Outsources HR/Payroll Solutions

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    The key to business success is keeping their employees happy by providing paychecks on time. It helps keep them motivated to work and grow with the business. However, taking care of recruitment, HR, payroll, talent management, and others at once can be overwhelming. So, one looks at setting up an in-house payroll management system or outsourcing one.

    If this is a question running on your mind, keep reading this piece until the end! Here, you can find which one is the better option in terms of cost, complexity, time, and control?

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    In-depth Comparison of In-house Payroll Solution and Outsourcing

    There are two options available to an entrepreneur when it comes to managing payroll. He or she can either assign the task to an in-house management system or outsource. Both the options have their pros and cons, which are compared down below in respect of different factors:

    Time:

    The department has to gather employee information, maintain records, calculate wages, consider overtime, and other factors to process payroll. Hands down, this is a very complex process that requires a large chunk of management’s time. 

    For some organizations, it isn’t feasible to dedicate so much time as time is money. So, in this case, outsourcing is a better option as it clears administrative time, which employees can use on revenue-generating functions.

    Control:

    When it comes to controlling outsourcing payroll system falls back as companies lose control over how much an employee should be paid and the accuracy. The salary and benefits allotted to an employee are confidential information that must be kept private. 

    Here, establishing an in-house payroll serves as a better option. It provides the company with full control over sensitive data. Moreover, besides preventing third-party breaches, one also gets the independence to carry out last-minute changes and resolve issues.

    Cost:

    Another essential factor to consider is which option will be affordable to the company? For example, if the company is small with a limited number of employees, hiring an in-house payroll manager is possible to save costs. However, if the business is spread on a large scale, there are many things to handle, and if there’s a mistake in it, it will directly affect the service level of employees. 

    So, in this case, it is better to hand over the task to an outside company to take care of the payroll correctly. Moreover, since the outsourcing system uses a standard system that complies with the state law, the chances of accuracy and on-time credit of paychecks are high.

    Complexity:

    In the HR and payroll system, complexity refers to the fact that there are several things to consider, and the different department of a company needs a specialized backup system. This is most importantly applicable for companies with numerous business numbers, diverse payroll needs, and a collective bargaining system. 

    Thus, it is better to let experienced payroll managers streamline the process. Not only this, but with outsourcing service, one also gets a support system so if anything goes wrong, they can resolve it with skillful, speedy, and accurate resolution. 

    Now that you have the pros and cons of in-house and outsourced payroll solutions mentioned for you on a pointwise basis, you can decide which ones work best for you. However, if you decide to outsource the HR/Payroll system to improve your bottom line, then contact us. We can help manage key areas with precision. 

    To know more about the services and benefits of hiring a third-party PEO, you can also check out our blog section. There you will surely find some interesting facts you didn’t know about. 

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    Reference Links:

    https://www.avanti.ca/post/in-house-vs-outsourced-hris

    https://www.completepayrollsolutions.com/blog/inhouse-vs-outsourcing-payroll

    https://quickbooks.intuit.com/r/payroll/in-house-vs-outsourcing-payroll/

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    Contact Us

    Find out if a PEO is the right solution for your business.
    Fill out the form below and we will contact you to schedule a chat.

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  • 8 Major HR and Payroll Concerns for Remote Employees

    8 Major HR and Payroll Concerns for Remote Employees

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    The human resources department is undoubtedly one of the most important in any organization. Ever since the coronavirus outbreak, the entire corporate world has shifted to a work from a home model, prompting the necessity for every company to have a robust HR department in place.

    This pandemic has shown us how organizations work effectively, even in a virtual setup. Moreover, as per sources, certain reports show that employee productivity may also have increased in this remote work model.

    With more flexibility nowadays, both employees and employers agree to the increased productivity in this new model. Therefore, this remote work model is likely to stay even after this pandemic fades away.

    However, along with its benefits, this model also created a handful of issues and inefficiencies. If your business has remote employees, you must have faced some or all of these issues yourself. No matter how small or large your business is, these are some serious HR and payroll concerns across all firms.

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    Here, we have compiled all the major issues.

    1) Employee Engagement:

    Employee engagement can either make or break your business. Recent studies show that organizations with high employee engagement make twice the revenue compared to organizations with low employee engagement.

    As a result, HRs have a tough time keeping remote employees engaged.

    2) Communication:

    For remote employees, effective communication is difficult without the appropriate technology. As a result, issues arise when emails and phone calls go unanswered.

    3) Training:

    Since traditional onboarding and training procedures have become outdated now, their virtual counterparts also give birth to various inconsistencies and issues.

    4) Acquiring and Retaining Talent:

    Nowadays, employees properly understand how much value they add to your business.

    So, if your business lacks new technology, your employees will move on to another organization. Therefore, even after mitigating troubles in virtual talent acquisition, HRs face the challenge of retaining talented employees in this remote environment.

    5) Cost Reduction:

    In a virtual setup, proper cost reduction becomes nearly impossible without appropriate employee supervision. You may have to repeat the same process for different employees. This gives birth to process redundancies as well as additional costs.

    6) Human Error:

    As an employer, you already know that manually doing things invites human errors. So, without the proper technology, human errors of remote employees pose a serious challenge to the HR department. 

    7) Employee-Service Provision:

    Without the right technology, HRs cannot provide any effective employee self-service. It includes access to payroll, training materials, benefits, and other resources. This further leads to employee resentment.

    8) Accessibility:

    As an employer, you know that accessibility goes far beyond employee self-service. You may provide ESS tools via a web portal, but it still creates an issue for the HR department.

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    PEO’s Role in Human Resources

    A Professional Employer Organization (PEO) leases employees to employers. It enters a joint-employment relationship with the employer that allows the PEO to share several employee-related responsibilities.

    Likewise, this arrangement also helps employers outsource their various human resource functions, such as payroll administration, compensation, employee benefits, and employment taxes.

    PEOs can take certain responsibilities from HR like:

    • Payroll administration
    • Benefits administration
    • Recruitment
    • Family and Medical Leave Act administration
    • Drug testing programs
    • Compliance assistance
    • Workers’ compensation administration
    • Unemployment administration

    As per the agreement with the PEO, employers can outsource these HR functions. However, if you are a small employer, you may not have the expertise or the infrastructure for these functions. Also, you may not have the time or resources to focus on intricate procedures like HRIS and payroll.

    So, if you outsource the desired services, the PEO can directly look into it. In that case, the PEO will handle the recruitment, benefits payroll administration, and all the employee queries related to them. Thereby, addressing the HR and payroll concerns mentioned above becomes much easier!

    Have we piqued your interest in the perks of outsourcing PEO services?

    Feel free to go through our blogs and talk to us now to appoint the best in this industry.

     

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    Reference links:

    https://buildfire.com/hr-remote-employee-challenges/

    https://www.flexjobs.com/employer-blog/remote-work-considerations-for-human-resources/

    https://www.inc.com/rebecca-hinds/the-5-hybrid-remote-works-models-for-your-business.html#:~:text=A%20remote%2Dfirst%20model%20usually,first%20and%20being%20remote%2Dfriendly.

    https://www.nytimes.com/2020/06/23/business/working-from-home-productivity.html

    https://laura-hansen.com/10-compelling-statistics-employee-engagement/

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    Contact Us

    Find out if a PEO is the right solution for your business.
    Fill out the form below and we will contact you to schedule a chat.

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  • Top 5 Business Ideas in 2021!

    Top 5 Business Ideas in 2021!

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    YOLO!

    However, wearing yourself down with a 9-to-5 job hardly seems like the life the American Dream so spiritedly promises.

    What can be the alternative?

    Starting your own business, of course!

    Sure, there will be long hours, burnouts every other day, massive emotional investment, some and then some more financial outlay in this prospect initially. But –

    • You will get to do what you do best
    • You’ll be working on your own terms
    • Most importantly, you will do it for YOURSELF!

    And who knows? Intrinsic factors barring, you might just end up creating the next big thing by employing the right strategies at the right time.

    We will get into that later.

    For now, let’s explore a few in-buzz business ideas trending in 2021 but with a promise to stick around for the long haul.

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    Graphic Designing

    Various enterprises have migrated online, with the pandemic showing the door to most brick-and-mortar businesses. But it has made the Internet a cobweb of newly-initiated and old websites fighting for space and customers’ attention. 

    Luckily for graphic designers, this dog-eat-dog competition has prompted business owners to invest heavily in how their websites look. Everyone wants a professional-looking, sleek website with eye-catching logos and designs that help them cut through the clutter and noise.

    In case you have always been that creative with an eye for the unique, this is a space you can explore.

    Also, let us break a myth for you. To set up a graphic designing venture, you don’t necessarily need to know the ins and outs of it or even how to draw. You can collaborate with your friends/acquaintances who are expert at it that while you proffer the creative vision.

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    Web Developer

    Speaking of cluttered and noisy Internet, it’s hard to overlook the prominence web developers have gained in recent times. If you have been passionate about website development, or better, if it’s something you do the best, it’s about time you monetize it.

    There are literally thousands of businesses trying to join the online bandwagon, and if you get a few contacts, you’re good to get started.

    Recommendation: Begin with only one or two clients. A slow start never hurts when you are trying to build credibility and a niche for yourself in the market. Once you have delivered solid work on those, new clients will automatically flow in, and you can even charge higher.

    Or, try looping in a few of your friends/acquaintances in this venture if you have quite a few leads to start a small-scale web development enterprise.

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    Drop-Shipping

    The post-pandemic era is a period with people accustomed to the convenience of goods being delivered to their doorstep, from medical supplies and groceries to literally anything.

    If you have a car, or better, a van, you can partner with local stores to deliver goods to people’s doorstep. Other than the regular items focus on commodities generally not delivered online.

    Start narrow, focusing on only a small neighborhood. It will let you gain the necessary insights into that population’s requirements so you can make your operations more efficient and cost-effective.

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    Digital Marketing

    There’s no better time to put your digital marketing skills to use than now! The market is chock-full of websites looking to leverage the digital wave, and marketers inept in the ways of it are hot stuff.

    Small business owners are the key demography you could tap into. They are the ones without a dedicated team of digital marketers or unable to hire the services of a full-fledged agency. Offer your services at low rates and slowly build your credibility.

    You could start with local businesses to that end since it’ll be easier to make them stand out and then slowly get into the big leagues. Also, try and involve various areas of expertise so you can proffer the same range of services as a full-time agency at lower prices.

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    Personal Chef

    The pandemic has shifted people’s focus to healthy, nourishing meals. But hectic lifestyles seldom allow us to prepare food with these considerations in mind. That’s where personal chefs have emerged as a go-to option.

    Put your culinary skills to tap into this niche, emerging trend. First, gauge the scale at which you can operate, how many people will be involved in this operation, and what will be your service range.

    Thereafter, select your clientele – families, offices, hospices, care facilities, or all before you start. It’s better to begin small even if you can manage a larger client base because working under-capacity initially lets you plug gaps that only crop up once you start operations.

    When it comes to starting a business, above all, it’s essential to identify where your expertise lies. And, remember, it’s not defined by your professional background or educational qualifications.

    What’s important is what you do best and whether your expertise offers a solution to the modern crises. If these criteria are met, and you undertake a few strategic initiatives timely, like hiring a PEO when business is booming, the sky is the limit.

    Want to know how a PEO can help your business grow? Get in touch with us today!

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    Reference links:

    https://blog.hubspot.com/sales/small-business-ideas

    https://www.businessnewsdaily.com/2747-great-business-ideas.html

    https://www.uschamber.com/co/start/business-ideas/pandemic-business-ideas

    https://www.uschamber.com/co/start/startup/businesses-to-start-during-pandemic

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    Contact Us

    Find out if a PEO is the right solution for your business.
    Fill out the form below and we will contact you to schedule a chat.

    [/et_pb_text][et_pb_contact_form use_spam_service=”on” recaptcha_list=”Default-0″ recaptcha_min_score=”0.7″ email=”stephanie@fortunebizconsulting.com” custom_message=”New Form Submission!||et_pb_line_break_holder||||et_pb_line_break_holder||First Name: %%FirstName%%||et_pb_line_break_holder||Last Name: %%LastName%%||et_pb_line_break_holder||Company Name: %%CompanyName%%||et_pb_line_break_holder||Company Email: %%CompanyEmail%%||et_pb_line_break_holder||Phone: %%Phone%%||et_pb_line_break_holder||Message: %%Message%%” module_id=”et_pb_contact_form_0″ _builder_version=”4.4.4″ form_field_background_color=”rgba(0,0,0,0)” form_field_font=”Lato||||||||” custom_button=”on” button_text_size=”14px” button_text_color=”#ffffff” button_bg_color=”#003bde” button_border_width=”10px” button_border_color=”rgba(0,0,0,0)” button_border_radius=”4px” button_letter_spacing=”1px” button_font=”Montserrat|||on|||||” border_radii=”on|6px|6px|6px|6px” border_width_all=”2px” border_color_all=”rgba(51,51,51,0.06)” form_background_color=”rgba(0,0,0,0)” button_bg_color_hover=”#0053ef” button_border_radius_hover=”4px” button_letter_spacing_hover=”1px”][et_pb_contact_field field_id=”FirstName” field_title=”First Name*” min_length=”2″ _builder_version=”4.4.4″][/et_pb_contact_field][et_pb_contact_field field_id=”LastName” field_title=”Last Name*” min_length=”2″ _builder_version=”4.4.4″ button_text_size__hover_enabled=”off” button_one_text_size__hover_enabled=”off” button_two_text_size__hover_enabled=”off” button_text_color__hover_enabled=”off” button_one_text_color__hover_enabled=”off” button_two_text_color__hover_enabled=”off” button_border_width__hover_enabled=”off” button_one_border_width__hover_enabled=”off” button_two_border_width__hover_enabled=”off” button_border_color__hover_enabled=”off” button_one_border_color__hover_enabled=”off” button_two_border_color__hover_enabled=”off” button_border_radius__hover_enabled=”off” button_one_border_radius__hover_enabled=”off” button_two_border_radius__hover_enabled=”off” button_letter_spacing__hover_enabled=”off” button_one_letter_spacing__hover_enabled=”off” button_two_letter_spacing__hover_enabled=”off” button_bg_color__hover_enabled=”off” button_one_bg_color__hover_enabled=”off” button_two_bg_color__hover_enabled=”off”][/et_pb_contact_field][et_pb_contact_field field_id=”CompanyName” field_title=”Company Name*” min_length=”2″ _builder_version=”4.4.4″][/et_pb_contact_field][et_pb_contact_field field_id=”CompanyEmail” field_title=”Company Email*” field_type=”email” _builder_version=”4.4.4″ button_text_size__hover_enabled=”off” button_one_text_size__hover_enabled=”off” button_two_text_size__hover_enabled=”off” button_text_color__hover_enabled=”off” button_one_text_color__hover_enabled=”off” button_two_text_color__hover_enabled=”off” button_border_width__hover_enabled=”off” button_one_border_width__hover_enabled=”off” button_two_border_width__hover_enabled=”off” button_border_color__hover_enabled=”off” button_one_border_color__hover_enabled=”off” button_two_border_color__hover_enabled=”off” button_border_radius__hover_enabled=”off” button_one_border_radius__hover_enabled=”off” button_two_border_radius__hover_enabled=”off” button_letter_spacing__hover_enabled=”off” button_one_letter_spacing__hover_enabled=”off” button_two_letter_spacing__hover_enabled=”off” button_bg_color__hover_enabled=”off” button_one_bg_color__hover_enabled=”off” button_two_bg_color__hover_enabled=”off”][/et_pb_contact_field][et_pb_contact_field field_id=”Phone” field_title=”Phone*” allowed_symbols=”numbers” _builder_version=”4.4.4″][/et_pb_contact_field][et_pb_contact_field field_id=”Employees” field_title=”Number of employees*” allowed_symbols=”numbers” _builder_version=”4.4.4″][/et_pb_contact_field][/et_pb_contact_form][/et_pb_column][/et_pb_row][/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.9.3″ _module_preset=”default”][/et_pb_section]
  • 7 Things Small Business Owners Should Know Before They Hire Employees

    7 Things Small Business Owners Should Know Before They Hire Employees

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    Your business is growing, and you’re ready to hire a few employees to take up the additional load. But, merely deciding to recruit new staff isn’t enough. There’s also the question of “can you”?

    Legal compliance is a must before business owners can begin recruitment. Here’s a comprehensive guide on all that you need to know in this regard –

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    Got your EIN?

    It’s mandatory to obtain an Employer Identification Number from the IRS before you can legally proceed to get staff on board.

    Head to the IRS website to apply online for EIN. You need a Taxpayer Identification Number (TIN), which can be your Social Security Number, TIN for pending US Adoptions, Preparer TIN, or individual TIN. Also, answer a few questions concerning your business to successfully register it.

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    Get the tax withholding records in order

    It’s highly essential to maintain proper records of employment taxes as per the withholding tables set by the IRS. There are primarily three types of withholding taxes necessary in this regard –

    • Federal Wage and Tax statements

    File this report with the Form W-2 for each person to whom you pay remuneration. A copy of it shall be sent to the Social Security Administration by February each year with the following pieces of information –

    • Wages/salary paid to an employee in the previous year
    • Taxes withheld for each employee in the previous year

    You also need to send copies of individual W-2 forms to respective employees by 31st January.

    • Federal Income Tax withholding

    When you hire an employee, get them to sign and submit the W-4 form, which you need to present to the IRS.

    • State taxes

    You may need to withhold additional taxes premised on the state in which your employees are situated. Consult with an attorney concerning all things tax to avoid non-compliance.

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    Sign up with State’s New Hire Reporting System

    Every business owner needs to mandatorily report any new hire to its state’s New Hire Reporting Program. It’s to be done within 20 days from when you have onboarded an employee.

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    Check employee’s eligibility

    Employers must verify their employee’s eligibility to work in the US, per federal laws. You need to do this within 3 days post-hire by filling out the I-9 form. You do not need to submit it with any government body, but docket it with yourself for –

    • 3 years from the hiring date
    • 1 year from the employee’s termination date, whichever comes after
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    Getting worker’s comp is a must

    Every organization in the US needs to obtain a Worker’s Compensation Insurance policy from a legitimate provider.

    Small business owners can partner with a Professional Employer Organization to acquire a worker’s comp package. You can save up to $2400/employee on health insurance policies by signing up with a PEO.

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    Put up proper posters

    Every business in the US needs to hang specific posters on their premises per the Department of Labor requirements. It depends on the state in which you are located. These posters are mandatory, so your employees are aware of their rights.

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    Keep a payroll in place

    Before you recruit any employee, make it a point to have a proper payroll system, which involves a lot more than merely writing checks.

    You need to remit the salary or wages per the employment agreement and company policy and should also be legally compliant. Some business owners delegate this task to a payroll service provider so they can focus on other essential matters.

    Others partner with a PEO in this regard, so they can do away with all the HR tasks while being legally compliant. Read our guide on PEO vs payroll company to make an informed decision.

    Once you have dealt with the heavy legal stuff, focus on finding the right candidates. Because, at the end of it all, your choice of employees will make or break your company and determine where it’s headed in the long run.

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    Reference links:

    https://gusto.com/blog/hiring/small-business-hiring-guide

    https://sba.thehartford.com/managing-employees/hiring/hiring-employees/

    https://briancasel.com/hiring-your-first-employee/

    https://www.nav.com/blog/5-things-to-consider-before-hiring-your-first-employee-16574/

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    Contact Us

    Find out if a PEO is the right solution for your business.
    Fill out the form below and we will contact you to schedule a chat.

    [/et_pb_text][et_pb_contact_form use_spam_service=”on” recaptcha_list=”Default-0″ recaptcha_min_score=”0.7″ email=”stephanie@fortunebizconsulting.com” custom_message=”New Form Submission!||et_pb_line_break_holder||||et_pb_line_break_holder||First Name: %%FirstName%%||et_pb_line_break_holder||Last Name: %%LastName%%||et_pb_line_break_holder||Company Name: %%CompanyName%%||et_pb_line_break_holder||Company Email: %%CompanyEmail%%||et_pb_line_break_holder||Phone: %%Phone%%||et_pb_line_break_holder||Message: %%Message%%” module_id=”et_pb_contact_form_0″ _builder_version=”4.4.4″ form_field_background_color=”rgba(0,0,0,0)” form_field_font=”Lato||||||||” custom_button=”on” button_text_size=”14px” button_text_color=”#ffffff” button_bg_color=”#003bde” button_border_width=”10px” button_border_color=”rgba(0,0,0,0)” button_border_radius=”4px” button_letter_spacing=”1px” button_font=”Montserrat|||on|||||” border_radii=”on|6px|6px|6px|6px” border_width_all=”2px” border_color_all=”rgba(51,51,51,0.06)” form_background_color=”rgba(0,0,0,0)” button_bg_color_hover=”#0053ef” button_border_radius_hover=”4px” button_letter_spacing_hover=”1px”][et_pb_contact_field field_id=”FirstName” field_title=”First Name*” min_length=”2″ _builder_version=”4.4.4″][/et_pb_contact_field][et_pb_contact_field field_id=”LastName” field_title=”Last Name*” min_length=”2″ _builder_version=”4.4.4″ button_text_size__hover_enabled=”off” button_one_text_size__hover_enabled=”off” button_two_text_size__hover_enabled=”off” button_text_color__hover_enabled=”off” button_one_text_color__hover_enabled=”off” button_two_text_color__hover_enabled=”off” button_border_width__hover_enabled=”off” button_one_border_width__hover_enabled=”off” button_two_border_width__hover_enabled=”off” button_border_color__hover_enabled=”off” button_one_border_color__hover_enabled=”off” button_two_border_color__hover_enabled=”off” button_border_radius__hover_enabled=”off” button_one_border_radius__hover_enabled=”off” button_two_border_radius__hover_enabled=”off” button_letter_spacing__hover_enabled=”off” button_one_letter_spacing__hover_enabled=”off” button_two_letter_spacing__hover_enabled=”off” button_bg_color__hover_enabled=”off” button_one_bg_color__hover_enabled=”off” button_two_bg_color__hover_enabled=”off”][/et_pb_contact_field][et_pb_contact_field field_id=”CompanyName” field_title=”Company Name*” min_length=”2″ _builder_version=”4.4.4″][/et_pb_contact_field][et_pb_contact_field field_id=”CompanyEmail” field_title=”Company Email*” field_type=”email” _builder_version=”4.4.4″ button_text_size__hover_enabled=”off” button_one_text_size__hover_enabled=”off” button_two_text_size__hover_enabled=”off” button_text_color__hover_enabled=”off” button_one_text_color__hover_enabled=”off” button_two_text_color__hover_enabled=”off” button_border_width__hover_enabled=”off” button_one_border_width__hover_enabled=”off” button_two_border_width__hover_enabled=”off” button_border_color__hover_enabled=”off” button_one_border_color__hover_enabled=”off” button_two_border_color__hover_enabled=”off” button_border_radius__hover_enabled=”off” button_one_border_radius__hover_enabled=”off” button_two_border_radius__hover_enabled=”off” button_letter_spacing__hover_enabled=”off” button_one_letter_spacing__hover_enabled=”off” button_two_letter_spacing__hover_enabled=”off” button_bg_color__hover_enabled=”off” button_one_bg_color__hover_enabled=”off” button_two_bg_color__hover_enabled=”off”][/et_pb_contact_field][et_pb_contact_field field_id=”Phone” field_title=”Phone*” allowed_symbols=”numbers” _builder_version=”4.4.4″][/et_pb_contact_field][et_pb_contact_field field_id=”Employees” field_title=”Number of employees*” allowed_symbols=”numbers” _builder_version=”4.4.4″][/et_pb_contact_field][/et_pb_contact_form][/et_pb_column][/et_pb_row][/et_pb_section]
  • 2021 Tax Deadlines for Small Businesses

    2021 Tax Deadlines for Small Businesses

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    Many business owners are scrambling to effectively run their business. The last thing you want on your plate is having to recall the various tax deadlines for small businesses, not to mention the various changes. We’ve created a list of key deadlines to note to make taxes a breeze.

    2021 Income Tax Filing Deadline Moved to May 17th

    The IRS has moved the income tax filing deadline This date change is for individuals for the 2020 tax year and is extended from April 15, 2021 to May 17th, 2021.

    Individual taxpayers can also postpone federal income tax payments for the 2020 tax year due on April 15, 2021, to May 17, 2021, without penalties and interest, regardless of the amount owed. This postponement applies to individual taxpayers, including individuals who pay self-employment tax. Penalties, interest and additions to tax will begin to accrue on any remaining unpaid balances as of May 17, 2021. Individual taxpayers will automatically avoid interest and penalties on the taxes paid by May 17. (IRS)

    Many self-employed individuals and businesses must submit estimated tax payments quarterly and file an income tax return annually. The filing dates vary primarily on your entity structure i.e., partnership, S corporation, or sole proprietorship. Sole proprietorships use the same tax schedule s individuals, so 2020 returns are due May 17th 2021. If you are an S corporation or partnership however the return is due on March 15, 2021.

    Estimated quarterly tax payments

    If you are self-employed, sole proprietor, partner, LLC member or independent contractor and pay estimated taxes, quarterly tax payments are due by the following dates:

    • April 15th, 2021 for Q1
    • June 15th ,2021 for Q2
    • September 15th, 2021 for Q3
    • December 15th, 2021 for Q4 (C corporations only)
    • January 18th, 2022 for Q4

    The IRS is a great resource of quarterly estimated tax payments.

    Why you should consider outsourcing your payroll

    Employment Taxes and Payroll Withholdings

    Form 941 states that small businesses must deposit employment taxes monthly or semi-weekly. Items subject to this requirement include federal income tax, federal unemployment (FUTA) tax, and Social Security / Medicare (FICA) withholdings. Employers must also report their payroll withholdings either on an annual basis or quarterly basis using IRS form 941, 943, 944, or 945.

    Form 941 deadlines:

    •  April 30th, 2021
    • July 30th, 2021
    • October 29th, 2021
    • January 31st, 2022

    Corporate Income Tax Returns

    Tax returns for companies are due on April 1thth, 2021 for income received in 2020. By filing Form 7004 businesses my request an extension of six months. The first quarterly estimated tax payment of the year is also due on this date.

    S Corporations and Partnership Income Tax Returns

    For businesses classified as either an S corporation or partnership, you deadline for submitting your tax return is March 15th 2021 or the third month after the end of your organizations tax year. Partnerships must complete form 1065 which is used to generate a Schedule K-1 earnings statement for each partner. For S corporations, Form 1120S is needed to prepare the Schedule K-1.

    A six-month extension can be requested by submitting Form 7004 along with a deposit equal to the amount of estimated tax owned.

    2021 Tax information and resources

    This guide is intended to be a resource for business owners and individuals related to tax deadlines. With the various changes as a result of COVID-19, some of the dates may change in addition to being able to qualify for various tax credits for certain expenses. The IRS Small Business and Self- Employed Tax Center is a great resource. If you are a business owner and need assistance with payroll, FICA, FUTA, and other taxes related to business ownership Fortune Business Consulting is also a great resource. Payroll processing services, tax remittance, and HR management are other areas that can assist with being prepared for all of the various tax deadlines.  

    Request your quote for payroll or PEO services today

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  • Human Resources Outsourcing for your Small or Mid-sized Business

    Human Resources Outsourcing for your Small or Mid-sized Business

    Increase your bottom line

    Every small business owner has thought of ways to increase their bottom line. Whether as a result of saving on expenses or increasing sales. Those cost savings, however, can come at the expense of efficiency and profitability for the business. For example, some business owners think that human resources (HR) are unnecessary if they don’t have many employees. That is far from the truth! Every business has human resources functions whether huge or small, that are critical to the business. Not only is it needed, but can ultimately make and save you money. Thankfully there are alternatives to traditional means of having HR. Human resources outsourcing has become the go-to for small and mid-sized businesses looking to increase their bottom line while having effective HR.

    HR’s not so hidden benefits

    HR functions bring in plenty of benefits small business owners overlook. The contrasting functions of HR in small businesses are hiring and termination. Additional services that often fall under the HR umbrella include payroll, training, compensation, benefits, performance management, labor, employee relations, organizational development, legal compliance, and risk management. Ignoring the huge need for HR due to the potential expense can be a huge oversight on what it can actually save and bring you.

    Lawsuits and HR functions

    Since 2000, 99% of Fortune 500 companies have paid settlements in at least one discrimination or sexual harassment lawsuit, according to a report from Good Jobs First. That does not include the cases without a public record or incidents victims didn’t report. If you think you are too small to be sued, think again. In today’s day and age, employers are paying out thousands of dollars in settlements. The reality is you cannot afford to not have proper HR functions and practices in place. Not only does HR support providing a safe working environment for employers and employees. It makes for a more efficient and productive workplace.

    More time to focus “on” your business not “in” your business

    Assigning HR functions to other personnel can free up time for tasks business owners highly need to prioritize. With HR functions you can create an employee handbook that can feature various policies, an employee handbook ensures that employees are aware of what is expected of them. For example, the handbook can emphasize a sickness policy in detail, so employees are aware of what process they need to do if they are sick.

    Why you should consider outsourcing your payroll

    Human Resources Outsourcing Companies & PEOs

    If your business decides to make an HR hire, making use of a PEO’s tools can help free that person’s time to focus on making your company a fantastic place to work. A PEO (Professional Employer Organization) can provide employees access to health coverage and rates on par with those of a large business. Also, PEOs (Professional Employer Organizations) cost less than In-House HR. A major way that PEOs can help your small business is by reducing needless expenses by performing the services of a full-time, in-house HR for a fraction of the cost. In fact, a recent study found that overall employee turnover rates were reduced by 10% to 14% for businesses that teamed up with a PEO (according to Napeo.com).

    You are now likely coming to the conclusion that HR or human resources outsourcing is something that your business needs. Thankfully, Fortune Business Consulting specializes in finding the right HR and PEO solutions for small and mid-sized businesses. If you have questions about how a PEO can support your business contact us today. We offer complimentary consultations. At FBC We focus on giving you the passion for your business you had on that very first day and getting back to what matters most, your clients and employees! Our Mission Is to empower individuals in the areas of risk management, payroll, and human resources with the tools to create an internal culture where the alignment of employee and company visions results in achieving their strategic goals. 

    Find the right human resources outsourcing company for your business

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  • Payroll & PEOs: The Great Connection

    Payroll & PEOs: The Great Connection

    Payroll defined

    Investopedia has payroll defined as the total of all compensation a business must pay to its employees for a set period of time or on a given date furthermore, It is usually managed by the accounting or human resources department of a business; small-business payrolls may be handled directly by the owner or an associate.- Investopedia

    Payroll means everything to a business, but what does it mean to you?

    Payroll frequency determines how often your employees are paid. The standard payroll schedules include weekly, biweekly, semimonthly, and monthly’s owners to manage payroll processing on their own will always be available. However, the concept of putting employee information together, providing paychecks, and identifying required taxes and withholdings can be intimidating. When contemplating the various options to DIY payroll, you want to ensure you get the best out of your selection. In addition to payroll, small and medium-sized businesses need other services – such as HR, compliance, and taxes – consider working with a professional employer organization (PEO).  

    Fact or Fiction?

    When a business recruits a PEO for payroll operations, the PEO turns into a co-employer, and remits taxes on the client companies behalf?

    Fact

    If you pick a standard finance processor, you are capable, as a business, to be protected for specialist’s pay if your state’s laws require it?

    Fact

    Payroll frequency defines how often your employees are paid. Do the standard payroll schedules include weekly, biweekly, semimonthly, and monthly?

    Fact

    What are the differences between standard payroll services and PEO payroll services? 

    Well for some, organizations, utilizing payroll service is a confirmation that their organization’s payroll handling is done effectively. Also, having one less errand to oversee can make recording assessments and representing the financial year a lot simpler. Additionally, with standard payroll services, employers retain sole responsibility of their workforce while offering standard HR services. PEOs handle all compliance and help their clients avoid legal missteps and mistakes when hiring and managing employees.

    What is a Professional Employer Organization (PEO)?

    How do we fit in?

    Fortune Business Consulting takes all of this information into consideration when working on your behalf. At FBC we take a consultative approach to make sure our solution is the best fit for your unique business needs and strategic goals. We learn about your business, the challenges you are currently facing, what’s been implemented, and how to best position you to reach your goals. Our 15 step process helps to assure you receive a high level of service and solution that meets your business needs. We work to give you peace of mind, increase your bottom line, and give you the time needed to run your business.

    Main benefits of using a PEO for payroll services

    Three employee benefits of working with a PEO.

    • Access to big-business employee benefits. Through a PEO arrangement, employees now have access to benefits such as 401(k) plans; health, dental, life, and other insurance.
    • Job security is typically improved when a company partners with a PEO
    • Job satisfaction and productivity are typically increased as a result of a PEO arrangement.

    Through Fortune Business Consulting you will find solutions for 

    • Human resources services
    • The administration of health insurance and other employee benefits
    • Employee onboarding and training
    • 401(k) and retirement plan administration
    • Workers’ compensation insurance
    • New hire recruiting
    • Regulatory compliance assistance

    As the above list clearly illustrates, there is a lot more to PEOs than meets the eye. Small and medium-sized businesses that are growing and are finding themselves buried under administrative paperwork can find significant benefits. Issues such as compliance and payroll taxes can keep your HR and payroll departments busy on tasks that may not best address the firm’s needs. Outsourcing the less employee-focused work can allow your HR team to focus on such initiatives as employee development and satisfaction.

    Here are 3 guarantees Fortune Business Consulting can ensure while parenting with us to provide the best solution.

    • Allowance to choose a payroll / PEO services provider that will allow you to easily migrate to the right solution and experience at each level of growth.
    • We will help you serve your employees so you can focus on growing your book of business.
    • First-class service will be given to you are your team while we focus on findings solutions to your payroll and HR-related challenges

    Key take away

    Simply put using a PEO for payroll assists in saving money on the benefits you offer your employees. These rates are generally significantly less expensive than if you were to seek them out on your own or hire a full-time HR professional. One of the most impactful reasons to use PEOs is because of the many complicated and always changing regulations that affect both payroll and general employment and labor law. Working with a PEO allows companies to focus on their core lines of businesses, and allow a dedicated co-employment team to handle many administrative duties.

    Start your free quote today

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  • The Brighter Side of Group Health Insurance

    The Brighter Side of Group Health Insurance

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    One phrase you may hear often is that “Your employees are your greatest asset”. The reason for this is that it’s very much so true. Group health insurance is a very important factor in the maintenance and recruitment of employees for your small and medium-sized businesses. In addition to this, it helps boost productivity and employee satisfaction all around. 

    What does it mean as an employer?

    In most small and medium-sized businesses, work can be demanding and depend on people to deliver their services. The individuals in these roles have many names such as staff, workers, employees, associates, personnel, human resources, workforce, or even talent. Even though we are impressed to see the output that our employees provide the business on a daily basis we must be equally concerned as to what we cannot see. 

    The simple definition of health is the state of being free from illness. This definition goes towards what can be seen, but what also cannot be seen by the visible eye. Thoughts of the family are imperative when it comes to employment, for example, a sibling with pre-existing conditions may come to mind or even if a child comes along with an illness that requires advanced medical intervention. Even the most awesome employee can walk through the halls of the office and have this going on at home. It will always be best to help put these coverage and payment worries at ease with employer-provided health insurance. 

    The elements of employer or group health insurance are generally the same. Also called group plans, employer-provided health insurance is a health policy selected and purchased by the employer and offered to applicable employees and their dependents. Small and medium-sized businesses will typically share the cost of the premium with the employee. This ultimately discounts the coverage for the employee with the employer as opposed to having an individual plan paying walk-in prices.

    Employer or Group health insurance has its perks!

    There are positive benefits and incentives for having employer health insurance for the employee and the employer. An employee can enjoy the benefits of health insurance that can range from not having to locate the plan and their options and premium contributions from the employer that are not subject to federal taxes. This means employee contributions can be made pre-tax, which lowers the taxable income. Give or take what plan would be available for selection, there may be an opportunity to put money away in a Health Savings Account, which can be used for health-related expenses for those unexpected medical costs. Like the domino effect, this will spill over to employee morale and boost the spirits of those working. Workers who provide the best efforts at work feel secure where they work. Productivity levels could be a clear difference between high profits or heavy losses. In which we as a team always want to win!

    Can a PEO Help Your Business?

    Let’s connect the dots

    Many small business owners agree and offer health insurance benefits even when they aren’t required by the Affordable Care Act to provide coverage. Why do these small businesses cover their employees through group plans even though they’re not legally required to? Because it’s good for their teams and good for them. If you’re on the fence on the matter, here are the top five reasons to offer health insurance to employees:

    1. The ways in which health insurance can be offered are simple.

    2. Health benefits make employees feel secure and happy.

    3. It saves money on taxes 

    4. It can give access to more doctors and hospitals

    5. Providing health insurance helps boost employee productivity

    Here’s a FREEBIE! Small Business Care Tax Credit

    If you are a small or medium-sized employer, there is a tax credit that can potentially add some bucks to your account. The small business health care tax credit can certainly be an excellent incentive for offering health coverage for qualified employers. The Internal Revenue Service accommodates small businesses in various ways. Not only is the tax credit available for two consecutive taxable years; it may also help small businesses in keeping and attracting high-quality employees. Keep in mind that this isn’t an easy credit to qualify for, and sometimes it is not worth it.

    IRS: https://www.irs.gov/affordable-care-act/employers/small-business-health-care-tax-credit-and-the-shop-marketplace

    Health insurance helps in attracting and keeping high-quality employees.

    Hire, Train, and Retain – How to Attract and Keep Top Talent

    Let this be the STATUS-QUO

    A study from MetLife found that 60% of employers say offering health insurance has led to higher productivity levels. Additionally, according to the CDC, employees who prioritize preventive care—like regular checkups—get more accomplished at work. As a small and or medium-sized business owner, you want your employees to focus on being their best productive and successful selves at work. Worrying about health insurance drains their energy and time. As you know, health insurance can be a pain to set up. And if your employees are enrolled in individual plans, all of that burden of setting up and managing their plan shifts from you to them.

    METLIFE: https://www.metlife.com/employee-benefit-trends/

    How Has Covid-19 Affected Health Insurance Offered by Small Businesses in the U.S.?

    US National Library of Medicine National Institutes of Health confirmed that more than 40% of the private U.S. labor force is employed by small businesses, defined as those employing fewer than 500 workers. The Covid-19 pandemic led nearly half of small businesses to pause or cease operations within weeks of the March 13, 2020, national emergency declaration. While surveys have documented significant numbers of wage cuts and furloughed workers, the effect of the pandemic on employee benefits remains understudied and of utmost public importance. Given that more than half of the working-age population relies on employer-sponsored health insurance, the economic crisis is eager to spark an insurance coverage crisis.

    And there you have it. From building a healthier, happier team to actually saving money, there are many reasons to take the plunge and offer health insurance to your team. Offering health benefits signals that you care about your team, ultimately building a culture of trust.

    Contact us today for assistance with your group benefits needs

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  • COVID-19 Return To Work Checklist

    COVID-19 Return To Work Checklist

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    COVID-19 Return To Work Checklist

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     While many businesses have opened their doors and have returned to servicing their clients and forging a new path forward for their employees, many are still struggling to effectively serve their clients to Pre-COVID satisfaction. From changes to workplace safety programs to compensation restructuring, businesses need guidance in these tremendously uncertain times.  HR teams all over have scrambled to make companywide changes that will assist in the transition of serving not only clients but employees while keeping their safety top of mind. 

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    Update your company policy 📖 :

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    Many businesses are no longer operating in their traditional manner and therefore the company manual, processes, and procedures need to reflect that. Here are areas to review and consider revising, some of which we will explore in greater depth:
    Flexible schedules.

    • Paid leave
    • Time off requests
    • Attendance
    • Meal and break policies
    • Travel policies
    • Telecommunication 
    • information technology
    • Risk management
    • Workplace safety
    • Compensation 
    • Employee benefits
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    Workplace Safety 😷 :

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    Now more than ever employers are under strict scrutiny to maintain a safe working environment not only for their employees but for their patrons. Here are a few safety measures to include in the das, weeks and month ahead:

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    Payroll deductions and taxes:

    it is the employer’s responsibility to adequately deduct taxes from the wages and salary of employees and pay taxes to the government when they are due. Employers must report income and employee taxes withheld from their employees on an Employers Quarterly Federal Tax Return (Form 941) and deposit these taxes in full to an authorized bank or financial institution. Employers are also responsible for filing a FUTA return annually and depositing those taxes. Evading employment taxes can have serious consequences for employers. They may be subject to criminal sanctions and civil sanctions, fines, and even jail time.

    • Employee health screening procedures
    • Providing personal protective equipment (PPE) to staff and customers
      • Masks, gloves, face shields, hand sanitizers, etc.
    • Social distancing protocol while in common areas (break room, lunch areas, lobby, elevator
    • Staggered shifts and lunch breaks
    • Social distanced parking spaces
    • Detailed cleaning procedures
    • Complying with Occupational Safety and Health Administration (OSHA)
    • Defining customer, vendor, and visitor procedures :
      • Customer traffic in the workspace
      • Capacity
      • Virtual communication when accessible
      • Contactless options
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    Remote work 💻 :

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    The transition to a remote working environment for some has proved to be fairly simple and even more convenient, while others still continue to struggle. From tracking the results of work completed by employees, to the sheers nature of work performed by employees not allow for a remote work solution to be feasible. Here are something to keep in mind and consider for your remote working environment:

    • When staggering schedules, allow for remote work on out of office days
    • Wherever possible, continue to allow remote work in an effort to keep employees safe
    • Updating technology and software to support virtual workers
    • Technology and software to track the work of employees
    • Maintain communication with workers in the office as well as those working remotely
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    Communication 📧 :

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    While some employees will be working remotely while others are working on site, establishing clear and constant communication will be essential. Consider these efforts with establishing and communicating with employees:

    • Community safety measures that are taken by the company to keep clients, employees, and vendors safe
    • Updates on company policy
    • Exposure-response communication for any affected employees and customers
    • Return to work, safety, and employee and customer support communication
    • Communication on schedules, shift changes, and updates to business operations
    • CDC best practices
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    Employee Benefits ❤️ :

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    Due to the reality of many employers furloughing their employees, laying off employees and reducing the hours of many, certain communications must be communicated to employees to remain compliant. The following are worth reviewing:

    • Group health insurance
    • Flexible spending accounts
    • Telehealth options
    • Employee Assistance Programs (EAP)
    • 401(k)
    • Paid leave 
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    Compensation 💵 :

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    Lastly, when it comes to compensation, many businesses, unfortunately, dealt with furloughing employees, reducing hours and layoffs. With the various funding options provided by the CARES Act, many were able to rehire and make adjustments to their hours. Here are some things for employers to consider:

    • Understanding how to reduces salaries for exempt employees
    • How to determine which employees to reduce hours for and which to keep

    • Determining when to bring key employees back

    • Hazard pay
    • Paid time off 
    [/et_pb_text][et_pb_blurb title=”COVID-19 and Payroll Management ” url=”https://wordpress.fortunebizconsulting.com/covid-19-and-payroll-why-you-need-to-outsource-your-payroll/” _builder_version=”4.4.4″ header_level=”h3″ header_font=”Lato|700|||||||” header_text_align=”center” header_line_height=”1.5em” body_font=”Lato||on||||||” body_text_align=”left” body_font_size=”26px” background_color=”#0c71c3″ background_layout=”dark” custom_margin=”30px||30px||true” custom_padding=”24px|15px|22px|15px|false|true” link_option_url=”https://wordpress.fortunebizconsulting.com/covid-19-and-payroll-why-you-need-to-outsource-your-payroll/” border_radii=”on|5px|5px|5px|5px” border_style_all=”groove” box_shadow_style_image=”preset1″ box_shadow_horizontal_image=”4px” box_shadow_color_image=”#ffffff”][/et_pb_blurb][et_pb_text _builder_version=”4.4.4″ text_font=”Lato||||||||” text_font_size=”18px” text_line_height=”2em” header_font=”||||||||” header_4_font=”Lato|700|||||||” header_4_line_height=”1.6em”]These very uncertain COVID-19 times have presented challenges for many employers and things appear to change on a weekly basis. As such, businesses have to adapt and respond accordingly. Be sure that your HR department is adapting and providing your employees and clients the support needed to weather these Coronavirus waters. [/et_pb_text][et_pb_text _builder_version=”4.0.9″ text_font=”Lato||||||||” text_font_size=”18px” text_line_height=”2em” header_font=”Lato|700|||||||” header_text_color=”#0c71c3″ header_line_height=”1.4em” header_2_font=”Lato|700|||||||” header_2_text_color=”#0c71c3″ header_2_line_height=”1.4em” header_3_font=”Lato|700|||||||” header_3_text_color=”#0c71c3″ header_3_line_height=”1.4em” header_4_font=”Lato|700|||||||” header_4_text_color=”#0c71c3″ header_4_line_height=”1.4em”]

    How do providers charge services fees?

    [/et_pb_text][et_pb_cta title=”Still have questions?” button_url=”https://wordpress.fortunebizconsulting.com/peo-lp/” url_new_window=”on” button_text=”Click Here” _builder_version=”4.0.9″ background_color=”#0c71c3″ border_radii=”on|5px|5px|5px|5px” button_text_size__hover_enabled=”off” button_one_text_size__hover_enabled=”off” button_two_text_size__hover_enabled=”off” button_text_color__hover_enabled=”off” button_one_text_color__hover_enabled=”off” button_two_text_color__hover_enabled=”off” button_border_width__hover_enabled=”off” button_one_border_width__hover_enabled=”off” button_two_border_width__hover_enabled=”off” button_border_color__hover_enabled=”off” button_one_border_color__hover_enabled=”off” button_two_border_color__hover_enabled=”off” button_border_radius__hover_enabled=”off” button_one_border_radius__hover_enabled=”off” button_two_border_radius__hover_enabled=”off” button_letter_spacing__hover_enabled=”off” button_one_letter_spacing__hover_enabled=”off” button_two_letter_spacing__hover_enabled=”off” button_bg_color__hover_enabled=”off” button_one_bg_color__hover_enabled=”off” button_two_bg_color__hover_enabled=”off”]

    Schedule your free risk Payroll or PEO review Today

    [/et_pb_cta][/et_pb_column_inner][/et_pb_row_inner][et_pb_row_inner _builder_version=”3.25″][et_pb_column_inner saved_specialty_column_type=”3_4″ _builder_version=”3.25″ custom_padding=”|||” parallax__hover=”off” parallax_method__hover=”on” custom_padding__hover=”|||”][et_pb_comments _builder_version=”3.16″ button_text_size__hover_enabled=”off” button_one_text_size__hover_enabled=”off” button_two_text_size__hover_enabled=”off” button_text_color__hover_enabled=”off” button_one_text_color__hover_enabled=”off” button_two_text_color__hover_enabled=”off” button_border_width__hover_enabled=”off” button_one_border_width__hover_enabled=”off” button_two_border_width__hover_enabled=”off” button_border_color__hover_enabled=”off” button_one_border_color__hover_enabled=”off” button_two_border_color__hover_enabled=”off” button_border_radius__hover_enabled=”off” button_one_border_radius__hover_enabled=”off” button_two_border_radius__hover_enabled=”off” button_letter_spacing__hover_enabled=”off” button_one_letter_spacing__hover_enabled=”off” button_two_letter_spacing__hover_enabled=”off” button_bg_color__hover_enabled=”off” button_one_bg_color__hover_enabled=”off” button_two_bg_color__hover_enabled=”off”][/et_pb_comments][/et_pb_column_inner][/et_pb_row_inner][/et_pb_column][et_pb_column type=”1_4″ _builder_version=”3.25″ custom_padding=”|||” parallax__hover=”off” parallax_method__hover=”on” padding_left__hover=”5px” custom_padding__hover=”|||”][et_pb_team_member name=”Stephanie Fortune” position=”President – Fortune Business Consulting ” image_url=”https://wordpress.fortunebizconsulting.com/wp-content/uploads/2018/07/stephanie_headshot.jpeg” facebook_url=”https://www.facebook.com/FortuneBCLLC/” linkedin_url=”https://www.linkedin.com/in/stephanie-fortune/” _builder_version=”3.12.1″] Hi, My name is Stephanie! I am passionate about helping small and medium-sized businesses empower themselves and their employees while working to achieve their strategic goals! By reviewing your unique business needs, we implement HR, Commercial insurance and payroll solutions that are right for you! [/et_pb_team_member][/et_pb_column][/et_pb_section]
  • 6 Tip for Working Remotely

    6 Tip for Working Remotely

    [et_pb_section fb_built=”1″ specialty=”on” custom_padding_last_edited=”on|desktop” padding_left_1=”0px” padding_left_2=”5px” _builder_version=”3.22″ custom_margin=”|-5px||-15px” custom_margin_tablet=”” custom_margin_phone=”” custom_margin_last_edited=”on|desktop” custom_padding=”32px|0||0px|false|false” custom_padding_tablet=”” custom_padding_phone=”” top_divider_height=”176px” top_divider_repeat=”5x” use_custom_width=”on”][et_pb_column type=”3_4″ specialty_columns=”3″ _builder_version=”3.25″ custom_padding=”|||” parallax__hover=”off” parallax_method__hover=”on” padding_left__hover=”0px” custom_padding__hover=”|||”][et_pb_row_inner _builder_version=”3.25″ custom_margin=”3px||” custom_padding=”22.25px|15px|17.6px|0|false|false”][et_pb_column_inner saved_specialty_column_type=”3_4″ _builder_version=”3.25″ custom_padding=”|||” parallax__hover=”off” parallax_method__hover=”on” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.0.9″ text_font=”Lato||||||||” text_font_size=”18px” text_line_height=”2em” header_font=”Lato|700|||||||” header_text_color=”#0c71c3″ header_line_height=”1.4em” header_2_font=”Lato|700|||||||” header_2_text_color=”#0c71c3″ header_2_line_height=”1.4em” header_3_font=”Lato|700|||||||” header_3_text_color=”#0c71c3″ header_3_line_height=”1.4em” header_4_font=”Lato|700|||||||” header_4_text_color=”#0c71c3″ header_4_line_height=”1.4em”]

    6 Tips for Working Remotely 

    [/et_pb_text][et_pb_text _builder_version=”4.4.4″ text_font=”Lato||||||||” text_font_size=”18px” text_line_height=”2em” header_font=”||||||||” header_2_font=”Lato|700|||||||” header_2_text_color=”#0c71c3″ header_2_line_height=”1.4em” hover_enabled=”0″]In the new COVID-19 professional world many are finding that adaptation is the name of the game. From learning how to use technologies and software you’ve never worked with before to remaining connected and performing at the very same levels (if not higher) while working remotely and sharing office space with appliances and children running around. Thankfully, with the many advancements of technology, many of the challenges working remote may have posed in the past no longer exist. With that in mind, we want to share 6 tools that will help you remain effective while working remotely. [/et_pb_text][et_pb_blurb title=”Business Grants, Loans, and Other Resources During COVID-19″ url=”https://wordpress.fortunebizconsulting.com/business-grants-loans-and-other-resources-during-covid-19/” _builder_version=”4.0.9″ header_level=”h3″ header_font=”Lato|700|||||||” header_text_align=”center” header_line_height=”1.5em” body_font=”Lato||on||||||” body_text_align=”left” body_font_size=”26px” background_color=”#0c71c3″ background_layout=”dark” custom_margin=”30px||30px||true” custom_padding=”26px|10px|26px|10px|true|true” link_option_url=”https://wordpress.fortunebizconsulting.com/business-grants-loans-and-other-resources-during-covid-19/” border_radii=”on|5px|5px|5px|5px” border_style_all=”groove” box_shadow_style_image=”preset1″ box_shadow_horizontal_image=”4px” box_shadow_color_image=”#ffffff”][/et_pb_blurb][et_pb_text _builder_version=”4.4.4″ text_font=”Lato||||||||” text_font_size=”18px” text_line_height=”2em” header_font=”Lato|700|||||||” header_text_color=”#0c71c3″ header_line_height=”1.4em” header_2_font=”Lato|700|||||||” header_2_text_color=”#0c71c3″ header_2_line_height=”1.4em” header_3_font=”Lato|700|||||||” header_3_text_color=”#0c71c3″ header_3_line_height=”1.4em” header_4_font=”Lato|700|||||||” header_4_text_color=”#0c71c3″ header_4_line_height=”1.4em”]

    A Computer 💻

    [/et_pb_text][et_pb_text _builder_version=”4.4.4″ text_font=”Lato||||||||” text_font_size=”18px” text_line_height=”2em” header_font=”||||||||” header_4_font=”Lato|700|||||||”]

    The computer is one of the most critical technological advances made in the last 100 years (in my opinion at least). Having a computer not only allows employees to tend to their clients needs remotely but they are also able to remain connected to internal communications, attend virtual meetings, purchase products and services for the company as well as pay bill in addition to much more.

    [/et_pb_text][et_pb_text _builder_version=”4.4.4″ text_font=”Lato||||||||” text_font_size=”18px” text_line_height=”2em” header_font=”Lato|700|||||||” header_text_color=”#0c71c3″ header_line_height=”1.4em” header_2_font=”Lato|700|||||||” header_2_text_color=”#0c71c3″ header_2_line_height=”1.4em” header_3_font=”Lato|700|||||||” header_3_text_color=”#0c71c3″ header_3_line_height=”1.4em” header_4_font=”Lato|700|||||||” header_4_text_color=”#0c71c3″ header_4_line_height=”1.4em”]

    A Dedicated Workspace 🖥

    [/et_pb_text][et_pb_text _builder_version=”4.4.4″ text_font=”Lato||||||||” text_font_size=”18px” text_line_height=”2em” header_font=”||||||||” header_4_font=”Lato|700|||||||”]

    If you are like so many that previously did not have a workspace at home, you’ve had to resort to makeshift offices. Whether that means moving appliances aside and using the countertop as a desk, or using the corner of your bedroom and that nice sofa as space. Having a dedicated workspace makes the transition from “home” to “work” easier. It also assists in remaining focused and on task.

    [/et_pb_text][et_pb_text _builder_version=”4.4.4″ text_font=”Lato||||||||” text_font_size=”18px” text_line_height=”2em” header_font=”Lato|700|||||||” header_text_color=”#0c71c3″ header_line_height=”1.4em” header_2_font=”Lato|700|||||||” header_2_text_color=”#0c71c3″ header_2_line_height=”1.4em” header_3_font=”Lato|700|||||||” header_3_text_color=”#0c71c3″ header_3_line_height=”1.4em” header_4_font=”Lato|700|||||||” header_4_text_color=”#0c71c3″ header_4_line_height=”1.4em”]

    Stable Internet 🌐

    [/et_pb_text][et_pb_text _builder_version=”4.4.4″ text_font=”Lato||||||||” text_font_size=”18px” text_line_height=”2em” header_font=”||||||||” header_4_font=”Lato|700|||||||”]

    What good is a computer is you do not have stable internet connection. Especially if you are like me and are in virtual meetings all throughout the day. Having a stable network connection in critical to mastering the remote working environment.

    [/et_pb_text][et_pb_text _builder_version=”4.4.4″ text_font=”Lato||||||||” text_font_size=”18px” text_line_height=”2em” header_font=”Lato|700|||||||” header_text_color=”#0c71c3″ header_line_height=”1.4em” header_2_font=”Lato|700|||||||” header_2_text_color=”#0c71c3″ header_2_line_height=”1.4em” header_3_font=”Lato|700|||||||” header_3_text_color=”#0c71c3″ header_3_line_height=”1.4em” header_4_font=”Lato|700|||||||” header_4_text_color=”#0c71c3″ header_4_line_height=”1.4em”]

    Video conferencing capability 🎥

    [/et_pb_text][et_pb_text _builder_version=”4.4.4″ text_font=”Lato||||||||” text_font_size=”18px” text_line_height=”2em” header_font=”||||||||” header_4_font=”Lato|700|||||||”]

    Being remote does not mean you have to be disconnected. With many platforms such as Zoom and Google Hangouts making it easier to videoconference, staying in front of your fellow employees, clients and partner companies is just a matter of turning on the computer and putting on a headset.

    [/et_pb_text][et_pb_text _builder_version=”4.4.4″ text_font=”Lato||||||||” text_font_size=”18px” text_line_height=”2em” header_font=”Lato|700|||||||” header_text_color=”#0c71c3″ header_line_height=”1.4em” header_2_font=”Lato|700|||||||” header_2_text_color=”#0c71c3″ header_2_line_height=”1.4em” header_3_font=”Lato|700|||||||” header_3_text_color=”#0c71c3″ header_3_line_height=”1.4em” header_4_font=”Lato|700|||||||” header_4_text_color=”#0c71c3″ header_4_line_height=”1.4em”]

    Earphones and headset 🎧

    [/et_pb_text][et_pb_text _builder_version=”4.4.4″ text_font=”Lato||||||||” text_font_size=”18px” text_line_height=”2em” header_font=”||||||||” header_4_font=”Lato|700|||||||”]

    Being able to remain present during virtual meetings and while interacting with employees, supervisors, clients, and others is a must. As such, having a reliable pair of headphones and/ or headset is a must-have.

    To learn more about managing employees remotely reach out to us. We help small and mid-sized businesses manage their payroll, human resources, workers compensation and employee benefits environment. All remote. Let us be a resource to you.

     

    [/et_pb_text][et_pb_blurb title=”COVID-19 and Why it May be time to Outsource Payroll” url=”https://wordpress.fortunebizconsulting.com/covid-19-and-payroll-why-you-need-to-outsource-your-payroll/” _builder_version=”4.4.4″ header_level=”h3″ header_font=”Lato|700|||||||” header_text_align=”center” header_line_height=”1.5em” body_font=”Lato||on||||||” body_text_align=”left” body_font_size=”26px” background_color=”#0c71c3″ background_layout=”dark” custom_margin=”30px||30px||true” custom_padding=”24px|15px|22px|15px|false|true” link_option_url=”https://wordpress.fortunebizconsulting.com/covid-19-and-payroll-why-you-need-to-outsource-your-payroll/” hover_enabled=”0″ border_radii=”on|5px|5px|5px|5px” border_style_all=”groove” box_shadow_style_image=”preset1″ box_shadow_horizontal_image=”4px” box_shadow_color_image=”#ffffff”][/et_pb_blurb][et_pb_cta title=”Still have questions?” button_url=”https://wordpress.fortunebizconsulting.com/peo-lp/” url_new_window=”on” button_text=”Click Here” _builder_version=”4.4.4″ background_color=”#0c71c3″ hover_enabled=”0″ border_radii=”on|5px|5px|5px|5px” button_text_size__hover_enabled=”off” button_one_text_size__hover_enabled=”off” button_two_text_size__hover_enabled=”off” button_text_color__hover_enabled=”off” button_one_text_color__hover_enabled=”off” button_two_text_color__hover_enabled=”off” button_border_width__hover_enabled=”off” button_one_border_width__hover_enabled=”off” button_two_border_width__hover_enabled=”off” button_border_color__hover_enabled=”off” button_one_border_color__hover_enabled=”off” button_two_border_color__hover_enabled=”off” button_border_radius__hover_enabled=”off” button_one_border_radius__hover_enabled=”off” button_two_border_radius__hover_enabled=”off” button_letter_spacing__hover_enabled=”off” button_one_letter_spacing__hover_enabled=”off” button_two_letter_spacing__hover_enabled=”off” button_bg_color__hover_enabled=”off” button_one_bg_color__hover_enabled=”off” button_two_bg_color__hover_enabled=”off”]

    Schedule your free risk Payroll or PEO review Today

    [/et_pb_cta][/et_pb_column_inner][/et_pb_row_inner][et_pb_row_inner _builder_version=”3.25″][et_pb_column_inner saved_specialty_column_type=”3_4″ _builder_version=”3.25″ custom_padding=”|||” parallax__hover=”off” parallax_method__hover=”on” custom_padding__hover=”|||”][et_pb_comments _builder_version=”3.16″ button_text_size__hover_enabled=”off” button_one_text_size__hover_enabled=”off” button_two_text_size__hover_enabled=”off” button_text_color__hover_enabled=”off” button_one_text_color__hover_enabled=”off” button_two_text_color__hover_enabled=”off” button_border_width__hover_enabled=”off” button_one_border_width__hover_enabled=”off” button_two_border_width__hover_enabled=”off” button_border_color__hover_enabled=”off” button_one_border_color__hover_enabled=”off” button_two_border_color__hover_enabled=”off” button_border_radius__hover_enabled=”off” button_one_border_radius__hover_enabled=”off” button_two_border_radius__hover_enabled=”off” button_letter_spacing__hover_enabled=”off” button_one_letter_spacing__hover_enabled=”off” button_two_letter_spacing__hover_enabled=”off” button_bg_color__hover_enabled=”off” button_one_bg_color__hover_enabled=”off” button_two_bg_color__hover_enabled=”off”][/et_pb_comments][/et_pb_column_inner][/et_pb_row_inner][/et_pb_column][et_pb_column type=”1_4″ _builder_version=”3.25″ custom_padding=”|||” parallax__hover=”off” parallax_method__hover=”on” padding_left__hover=”5px” custom_padding__hover=”|||”][et_pb_team_member name=”Stephanie Fortune” position=”President – Fortune Business Consulting ” image_url=”https://wordpress.fortunebizconsulting.com/wp-content/uploads/2020/06/IMG_0389-scaled.jpeg” facebook_url=”https://www.facebook.com/FortuneBCLLC/” linkedin_url=”https://www.linkedin.com/in/stephanie-fortune/” _builder_version=”4.4.4″] Hi, My name is Stephanie! I am passionate about helping small and medium-sized businesses empower themselves and their employees while working to achieve their strategic goals! By reviewing your unique business needs, we implement HR, Commercial insurance and payroll solutions that are right for you! [/et_pb_team_member][/et_pb_column][/et_pb_section]