Quote:
Originally Posted by tucker6
That's exactly what you have to do. I just finished payroll at 7pm. Got up at 5am. Only business owners understand that. My payroll is $32k every week. After payroll, my next biggest expense is payroll taxes. In fact, payroll taxes are larger than all other expenses combined. It's crazy. Like you, we try to help our employees. New transmission. Loaned out one of our cars so they could work. I can't say they were as appreciative as your employees were or I would have been, but we would do it again. We didn't do it for the attaboy.
We have 75 employees, and I only look sideways at maybe 5 at any one time. We have a stable crew now, and we feel very fortunate in that. Stability is everything as you know. Instability in one area of the business means a lot more work in every other area of the business, and thus more cost.
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I’ve got 57 as of this week. I would say just like you…..5-6 keep you busy. Congrats on your success!
I do my payroll thru ADP. My guys know nothing of payroll taxes etc. I tried to explain to them that we pay about 10%+ more than their regular pay in taxes ……..let’s just say I stopped having that conversation.
