March 7, 2024
Buckle up, campground entrepreneurs! It's time to embark on a wild ride through the thorny thicket of payroll setup. Guiding us through this journey is none other than Donna Bordeaux, our fearless CPA and RV enthusiast, who also doubles as a payroll whisperer.
You might be thinking, “Surely, setting up payroll isn't as riveting as a bear sighting on my campground.” Well, you're right. But it's just as crucial, and Donna's here to ensure you don't get caught in the claws of payroll pandemonium.
Picture this: You've just opened your campground, the marshmallows are roasting, and the fireflies are out. But wait! There's a hitch. You urgently need to run payroll in your first week, but your system isn't set up yet. Now the only thing roasting is your peace of mind.
Donna recently helped a campground navigate this very scenario. With her progressive perspective on accounting, she recommends a 'Payroll Bear Grylls' approach: pay 75% of the gross wages initially to cover Social Security, Medicare taxes, and any necessary withholdings. Once payroll is fully operational, adjustments can be made accordingly.
This method prevents your employees from getting an unpleasant surprise when their subsequent paycheck is more 'bare' than 'bear' due to heavy tax deductions.
Remember, campground owners, setting up payroll requires ample lead time – two to three weeks at least. Some states might even demand longer. So, before you dive headfirst into the wilderness of campground ownership, make sure you've got your payroll compass pointing true north.
In the words of Donna, 'press play on your bigger ideas.' Don't let payroll pitfalls stop your campground from blooming. Read the full article to discover more about navigating payroll challenges and ensuring smooth operations and satisfied employees. After all, there’s more to life than business. And there's definitely more to campfires than marshmallows.
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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.