September 24, 2023
Well, hello there dear readers! Today, we’re going to talk about something that’s probably not on your “most exciting topics” list. Yes, we’re diving deep into the world of payroll periods. But don’t click away just yet! I promise you, this is going to be more fun than a barrel of accountants!
If you’re one of those entrepreneurs, legacy-builders, or stewards of family businesses who want to make the most out of their campground investment without it taking the most out of them, then you’re in the right place. Welcome to Campground Accounting. We are the full-service CPA and RV enthusiast team that delivers a way out of operations overwhelm, decision-fatigue, and fear of surprises. Because let’s face it, there’s more to life than business.
You know how your calendar seems to have a mind of its own, constantly reminding you when to run payroll? And those emails? Yes, the ones that say it’s time to pay. Again. It’s like a horror movie where the villain is payroll setup.
Here’s a fact that might knock your socks off: If you have hourly employees or even salary employees who are not exempt from overtime, you cannot pay them monthly or semi-monthly. You must pay them on a weekly structure or bi-weekly. And guess what? There are a few states that don’t even allow bi-weekly. Mind-blowing, right?
And here’s another nugget of wisdom: The optimal setup is to have the pay period end on Friday of one week and then pay the following Friday. Why? Because if you’re running a retail-oriented business or businesses where people may work on the weekends, you want to be able to control overtime.
So, how do you streamline your payroll processing? Well, we’ve got a secret weapon: Gusto. We use and recommend their app. If you’d like a discount, just drop us a line, and we’ll get you hooked up.
So there you have it, folks. A quick guide to making sure your pay period isn’t breaking any laws. Remember, when it comes to running a successful campground business, every detail counts. So, press play on your bigger ideas and breathe life into campground ownership.
Stay tuned for more exciting adventures in the world of accounting!
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Donna Bordeaux, CPA with Campground Accounting
Creativity and CPAs don’t generally go together. Most people think of CPAs as nerdy accountants who can’t talk with people. Well, it’s time to break that stereotype. Lively, friendly, and knowledgeable can be a part of your relationship with your CPA, as demonstrated by Donna and Chad Bordeaux. They have over 50 years of combined experience as entrepreneurial CPAs. They’ve owned businesses and helped business owners exceed their wildest dreams. They have been able to help businesses earn many times more profit than the average business in the same industry and are passionate about helping industries that help families build great memories.