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15760 Ventura Blvd, Suite 610 Encino, CA 91436
FREE CONSULTATION818-436-2775
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Personal, Affordable Payroll Services, Bookkeeping, and Tax Processing for Small Business throughout Los Angeles County.

Small Businesses See Growth in September, Report Major Payroll Partners

Reports from payroll partners ADP, Intuit and SurePayroll indicate small business growth in the month of September, rounding out 2014’s third quarter.

Small businesses hired for 88,000 positions in September, reports payroll services provider ADP. That’s up a bit from 82,000 in to August. Since small businesses are usually a reliable barometer for the larger US economic growth picture, this is good news.

Intuit reported its figures, as well: according to their reports, small businesses with less than 20 employees increased their employment by 0.04 percent in September. Small businesses added 10,000 new jobs to their payrolls.

SurePayroll reported that extremely small businesses — those who employ one to 10 employees — are feeling positive (73 percent of them) about the future. Eighty-one percent, or four out of five, are planning on a profitable second half of the year. This figure is up from 77 percent in June. Three in every four small businesses either met or exceeded expectations in their third quarter. More than half said this year’s third quarter was more profitable than 2013’s third quarter.

Employment at small, medium and large companies totaled 213,000 positions in September — a good number that followed two months of decline. However, the number doesn’t mirror July’s impressive jobs report: 297,000 jobs. Interestingly, 133,000 of those were small business jobs (employment at businesses where there are 50 or fewer employees). The smallest of businesses within the small business sector are creating the most new jobs.

All of this can mean a greater need for mom-and-pop businesses to outsource some of the more detailed and time-consuming aspects of owning a business. Accounting and payroll are some of the more tedious aspects. Knowing the specific rules related to accounting, payroll taxes and withholdings can keep your business out of trouble.

Accounting Taxes Payroll Partners specializes in the needs of small businesses. We provide efficient, timely services. Call us at 818-436-2775 for more information, or visit our website to learn more about our specific services.