Why you should be running payroll in your wedding planning business

I didn’t run payroll in my business until I was almost 5 years in my business. Here is why you need to run payroll for you and your employees 🤦🏼‍♀️👇🏻

💰Running payroll allows you to keep track of how much you are paying out and actually making in business! When you keep up with it, it allows you to pull regular reports of where you are in business. Which will allow you to decide if you can go full-time or not

💰When you run payroll, you can set up retirement funds and have the business contribute on top of your contribution. This also can be set up for direct deposit which is a huge help!

💰It makes it easy at the end of the year to send all of your tax documents off!

💰If your biz is your full-time gig and you hope to contribute to purchasing a home or getting financing in the future, you will need to have run payroll to prove your revenue and pay!

It may cost a little more to run payroll yall, but frankly, it’s worth it when you start paying yourself and your team! The longer you’re able to show a paper trail, the better!