Company Retreats – Connect w/ Your Employees or Clients

On June 29th and 30th here at JETRO we held our annual team retreat. Typically we get our staff together in a city for a few days to hang out but due to COVID we were limited to a virtual retreat this year. Given the circumstances our staff made the best of it and we had a great time and covered a lot of ground.

Retreats are important not only for us but for you in your business. Here is why we hold an annual retreat:

  • Get to know each other on a more personal level
  • Be transparent and update your team on the company vision and what the future looks like
  • Make important decisions and involve everyone
  • Show appreciation and how much the team means to you and your company

Whether you bring everyone together or hold a virtual team retreat I encourage to make it happen as you will see it truly unites your team.

On the Small Business Tax Savings Podcast below we share more information on this!

JETRO Goes Xero Gold

JETRO Xero Gold

When JETRO started way back in 2013 we were on the the forefront of virtual accounting. As part of that, we needed to find a cloud accounting solution that we could utilize not only internally but across our client base. We needed something that we could access via the cloud anywhere, anytime. After a lot of research and trial we landed on Xero, who at the time was fairly fresh in the US market.

Since then we have not looked back and continue to introduce Xero to thriving clients across the country. As part of that journey we are proud to announce that we are now a Xero Gold Partner!

Thank you Xero for continuing to innovate and provide such a “beautiful accounting software” to both JETRO and our incredible clients.

Want to learn more about Xero? Reach out to us!

JETRO Giving Back to the Community

Giving Back to the Community

Here are JETRO we take seriously the act of helping others and the community. Every year we make a donation to various charities and initiatives based on the amount of tax returns we file. This year we also included an additional amount for each Small Business Tax Savings Podcast review we received.

As a client of ours and reviewer of our Podcast you play a role in this donation. The amount we contribute is directly related to you partnering with us.

I just want to say, THANK YOU! Thank you for working with us and listening to our Podcast so we can make a donation on your behalf.

This year we are proud to announce our support for the following charities and initiatives:

1. Mobilize MKE

COVID-19 has caused a 35-50% spike in the number of people needing the services of food banks in Metro Milwaukee. This pandemic has also forced the cancellation of many food drives, multiplying the food crisis our neighbors are facing right now. These food pantries tell us they anticipate seeing even greater need in May. Donations made will service local food pantries.

Learn More Here

2. American Foundation for Suicide Prevention

A gift to the American Foundation for Suicide Prevention helps fund their mission to save lives and give hope to those affected by suicide. Each dollar brings us closer to a world without suicide.

Learn More Here

 

3. Make-A-Wish

The mission of the Make-A-Wish Foundation is to create life-changing wishes for children with critical illnesses. The children they serve are fighting for their lives, and their families are doing everything that they can to help them in their battles.

Learn More Here

 

4. National Multiple Sclerosis Society

Multiple sclerosis (MS) is an unpredictable disease of the central nervous system that disrupts the flow of information within the brain, and between the brain and body. The Society’s mission is: People affected by MS can live their best lives as we stop MS in its tracks, restore what has been lost and end MS forever.

Learn More Here

 

Again, we are able to make these donations on your behalf due to your partnership with us. We thank you for that and look to continue to help the communities around us and those that are less fortunate.

Why You Should Outsource Your Payroll Needs—Important Tip

Why You Should Outsource Your Payroll Needs

With tax rules changing more quickly than the ink can dry on the tax laws books, payroll has become a full-time job. Are you a business owner that’s tired of trying to keep up with all the proposed and passed alterations? There are things that you should do on your own, and then there are things that can end up costing you more in the long run. To ensure that you are in compliance with the law, it is an excellent idea to outsource for your payroll needs and let it be someone else’s problem.

Save Money

Instead of hiring someone in-house to manage your payroll, if you outsource, you will save money. Since you don’t have to pay someone full-time, you also don’t have to worry about other employee perks like the cost of medical insurance. The time that it takes a professional payroll expert is very little. And for most companies, it’s not worth it to hire someone to allocate their time and resources solely to it.

They’re Up to Date

Since things are changing so quickly, an outsource payroll company is best for handling all aspects of tax regulations and laws. If you make a payroll mistake, then you have to deal with the IRS. That is definitely not something that you want to do. If you hire a company and all they do is payroll, then they will have the information necessary to ensure that things are done correctly. This way, you aren’t leaving yourself vulnerable to an audit and potentially expensive fines if something is amiss.

Reduce the Risk of Security Breaches

When you hire a third-party payroll company, there is less risk of security breaches. Since a payroll specialist deals with data like social security numbers and other private information, an outsourcing payroll company will have enhanced security to keep things safe. If you have subpar software, then you can leave your employees’ information vulnerable. Also, there is always a chance when you do payroll in-house that you could be opening yourself up to embezzlement or other misappropriation of funds. With a third party handling your payroll issues, you don’t have to worry about that.

Better Tracking of Asset Allocations

A third-party payroll asset company will also provide you with a running analysis of what is going out versus what is coming in financially. You’ll always know where your finances are. That is an excellent way to keep track and ensure that your finances are healthy from month-to-month.

Instead of hiring a full-time employee to handle your payroll, it is a wiser choice to hire an outsourcing payroll company. They have increased security, they know the laws, and they won’t leave you vulnerable to audits. If you’re looking for a team of trained professionals to handle your payroll needs, visit Jetro Tax today.