Payroll Rescue: What to Do When Your Books Are a Mess and Tax Season Is Coming
Here's a situation that comes up more than people admit. A trades business owner runs their own payroll for a year or two, usually through whatever platform they signed up for in a hurry when they hired their first employee. They get it mostly right. Then somewhere along the way, the wheels quietly come off. Maybe they forgot to report a state withholding account change. Maybe they switched from weekly to biweekly pay mid-year and didn't adjust the system correctly. Maybe a key employee got reclassified and nobody updated the payroll settings. Whatever happened, they're now sitting in January or February looking at a problem they don't fully understand, with a tax deadline bearing down on them. This is what payroll rescue looks like, and if you're in this situation, here's what actually needs to happen. Step 1: Stop and Assess Before You Do Anything Else The instinct when something is wrong is to start fixing it immediately. With payroll, that can make th...