The economy has election anxiety, too

It’s finally election day. Whether you spend tonight celebrating with a Mazel Tov cocktail (yes, it’s a thing) or working on your emigration papers, here’s a look at how the election may affect everything from the world’s economy to your own small business.

Economic uncertainty

Election season uncertainty knows no limits—it affects individuals as well as businesses owners.

In fact, one uncertainty index shows that business owners are at an all time high of confusion on what the future holds for tax rates, government policy, and the economy in general.  This means that while they’re stalling for time, our economy is stalling, too.

The good news is that while short-term volatility tends to increase immediately after election day, the uncertainty tends to ease in the months following election day.

Healthcare

Trump promises to repeal the Affordable Care Act immediately. While she acknowledges some core issues with the plan, Clinton promises not only to keep the Affordable Care Act, but to fix those problems and expand the program, too.

The Affordable Care Act presents unique challenges for small businesses, especially those who provide insurance for temporary employees. For now, it’s still the law of the land, so we have an implementation guide for you, our 2 cents on the election’s potential effect on the law, and this Washington Post article for you to research for yourself how each candidate might handle your healthcare.

Whatever happens, let’s take a lesson from our friends across the pond: Keep calm, carry on, and make your voice heard at the ballot box.

Producing multimedia content or executing live events is chaotic. At PayReel we make sure our clients have the right freelancers right when you need them; and that everyone gets paid properly. Leave the details up to us so you can focus on your production. Relax. We got it.

Ten questions to help you decide if you really need to pay for payroll services

Time is money. And when you have a tendency to get buried under onboarding, vendor payment, classifying temporary employees, and other hiring details, time is priceless. Here’s a brief quiz to determine if hiring someone to handle your payroll services might be worth the investment.

 

Do you regularly hire independent contractors and/or temporary employees?

 

Is said hiring and onboarding one of the most time-consuming parts of your role?

 

Do old school payment processes or corporate legal concerns cause frustrating bottlenecks?

 

Is your desk/desktop cluttered with binders, folders, and paperwork?

 

Have you ever made a contacting mis-hire because of a time crunch?

 

Do you get pulled into fighting payrolling fires at least once a month?

 

Would a high level of service free you up to focus on other aspects of business?

 

Do concerns about compliance, worker classification, IRS audits, and workforce headcount keep you up at night?

 

Have you ever lost favor with one of your best contractors by paying late?

 

Do you have a reputation among contractors for paying late?

 

Not everyone needs a service like PayReel (especially startups and small businesses), but if your blood pressure went up as you read the list above, you might need PayReel. For those who need quick/frequent access to qualified contractors or who want to take all the risk out of dealing with the independent workforce, PayReel is a headache free solution. PayReel’s independent workforce engagement solutions makes classifying, onboarding, and paying your freelancers painless, paperless, and personalized. It’s about time.

 

PayReel’s clients, who are some of the biggest companies in the world, are constantly immersed in the chaos of producing multimedia content or executing live events. PayReel makes sure they have the right contractors at the right time in the right place, and that everyone gets paid properly. And, most importantly, they handle every last detail perfectly while making sure their clients think nothing of it. Relax. We got it.

Are You Buried In Vendor Payment Paperwork? We Have a Solution

There are two certainties in life: Death and paperwork. Mountains and mountains of paperwork. From teachers to creative professionals, every role has its own version of the dreaded TPS report. The joy-sucking chore of managing stacks of paper often supplants dreams of making paradigm-shifting creative work. A paperless vendor payment solution, on the other hand, liberates cluttered desks and minds.

Top Five Benefits of a Vendor Payment Service:

  1. Customization: Unique business realities mean cookie cutter solutions won’t cut it. Custom software that’s designed for the fast-paced nature of video production and live events industries will cut down on the frustrating work-arounds that bog down conventional payrolling tools.
  2. Compliance: The only thing you want less than more paper is attention from the IRS. PayReel OnLine keeps businesses compliant with federal, state, and local regulations.
  3. Automation: Why manage details manually when digital reports, forecasting, and time sheets are a few clicks away?
  4. Consolidation & Centralization: Process independent contractor and vendor invoices simultaneously and approve invoices and timesheets with one click.
  5. Paperless: And finally, the real prize: No more paper.

Movements toward minimalism and Tiny Houses are gaining traction in part because people feel oppressed by the sheer volume of stuff in their lives. Steve Jobs and Albert Einstein wore the same outfits each day to free their minds to focus on more substantial decisions. President Barack Obama and Mark Zuckerberg followed suit (and t-shirt, respectively). People are digitizing everything from photo albums to music—and for good reason. Life’s better on top of the mountain, not buried underneath it.

Do these five benefits speak to you? Then click here to speak to us! PayReel OnLine eliminates paperwork and cuts through red tape to get you back to doing the creative work you love.

About PayReel:

PayReel’s clients, who are some of the biggest companies in the world, are constantly immersed in the chaos of producing multimedia content or executing live events. PayReel makes sure they have the right contractors at the right time in the right place, and that everyone gets paid properly. And, most importantly, they handle every last detail—down to eliminating paperwork—perfectly while making sure their clients think nothing of it, so they can get back to doing what they do best.