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The Quest for Success
Your Business. Unlimited Potential. May 1st, 2006 Volume 2 Issue 5

In This Issue

Payroll Processing Pays Off

One Change Could Change Everything!

Upcoming Events!

The Reader's Quest

Quotes on Your Quest

What clients are saying

FREE "One Great Goal!" 30 Minute Group Coaching & Training Session


 

Payroll Processing Pays Off
check

Productivity and profitability are the keys to a successful business. Business owners are increasingly looking to outside help to improve these bottom line results and are turning to payroll processing services for assistance.

Payroll preparation involves more than just payroll checks. It includes the year round preparation of federal, state, and local tax returns and deposits: up to date recordkeeping; and ever changing tax laws- all of which take time and energy that might be better spent elsewhere in the company, especially for a small to medium business that uses manual or in- house computer payroll processing.

To assist business owners across the country, Paychex Inc. provides a customized payroll processing service at a surprisingly affordable fee. Paychex delivers a client’s payroll along with detailed reports including payroll journals, employee earnings statement, and department summaries—all of the information necessary to effectively operate a business. The process is easy to set up and the benefits are abundant:

Peace of Mind: Payroll is done quickly and accurately with little effort from client.
Eliminating payroll tax worries: Tax Service handles all tax returns and deposits, with accuracy and timeliness guaranteed.
Confidentiality: The amount of money a person earns is a private and personal matter. Using an outside source can help eliminate office gossip about salaries, raises and bonuses. In addition, electronic check signing means that employee’s checks can be delivered in sealed envelopes.
Fewer Lost or Stolen Checks: Direct deposits reduce the number of stop payments and reissued checks.
Reducing Paperwork: A service can greatly reduce the amount of paperwork necessary to fulfill tax requirements. Efficient Reports with necessary payroll and tax information.
Ease and convenience of electronically transmitted payroll information: Payroll can be reported on phone, fax or from a personal computer at whatever time is convenient for them. Internet report service provides secure and confidential means of receiving payroll reports over the Internet.
Increasing employee productively: Once a client is signed up with Paychex, payroll processing is reduced to a 3-4 minute phone call. The person previously assigned to handle the payroll can now spend more time on projects directly related to improving the company’s position and profitability.
Access to payroll data:
Paychex can easily provide up-to-date personnel data from the information on file for processing payrolls.
Enhancing employee benefits: Paychex Business Solutions provides cost effective solutions for outsourcing employee benefits, including human resources services employee handbooks, section 125plan administration, 401K recordkeeping and more.
Attracting the best Personnel: Paychex Administrative Services allows business owners to focus on core business functions while providing a comprehensive benefits package equal to that of larger companies. With expanded benefits, employers are able to competitively recruit and retain the best employees.

Most business owners understand how much work is required to take care of payroll preparation, employment taxes and record keeping. Outsourcing your payroll keeps you in control of your payroll without the headaches. With some savvy shopping, you can find a payroll company that best fits your needs. Here’s a checklist of questions to keep in mind:

Company Integrity:
How long has the provider been in business? Are they licensed and bonded? Do any trade associations endorse the payroll provider? Do any local CPA Firms recommend them? Does the provider publish a price list for services? Does the provider guarantee accuracy and timeliness of payroll and taxes? What education or training do the Payroll Specialists have who handle my payroll issues?

Basic Payroll Service:
What does basic service include? What reports are provided? Is the payroll information kept confidential? Do they offer federal, state and local tax filing? If a penalty is assessed, who pays the penalty and any interest? Who do I call if I need help? Do I have someone special to handle my account?

Tax Filing Services:
What does this include? Federal, state and local tax filing? Making deposits? Is accuracy and timeliness guaranteed? Who provides actual copies of the returns? Do you use a third party processor? Does it include EFTPS enrollment payments?

Methods of Reporting Payroll and Receiving Payroll:
What are my options for reporting payroll data? Do the options include phone, fax, computer or Internet? Can payroll be reported 24 hours a day? Will a specific person handle my account with personalized care or will I get anyone? How is payroll delivered? Can it be sent via Internet? Can I pick it up?

Employee/Employer Options:
What employee pay options are available? Direct Deposit, check signing and debit card? Is general ledger reporting to my accounting software available? Does the service provide Human Resources services, 401K retirement plans, section 125 medical plans, workers compensation insurance or health benefits?

For these or any other payroll questions answered, please call:
Tamara Schaefer, Account Executive
Paychex, Inc
951-907-2737 cell
909-890-4806 office







Potential Quest, Inc. is committed to delivering Coaching, Consulting, and Business Services designed to grow our client's bottom line.

Our coaches and consultants provide a thorough needs analysis and then create a customized solution designed to meet and exceed the organizations desired business goals.

Learn More



Spring is really here! Having grown up in Minnesota, my family back home finds it hard to believe that we have seasons in southern California, but we really do! The trees are budding, the hills are still green (before summer arrives) and the weather is warming up. Phenomenal!

I just got back from a wonderful family vacation in Mexico. I felt very blessed to have taken this vacation because my husband and I met my Mother, Step-Father, my Brother Mark and his family and my Sister-in-Law’s Father in Mexico. We had a wonderful time and all felt really refreshed upon our return.

Before I left, someone said to me, “You are really lucky to be able to take a nice vacation.” I have to tell you, that comment really left me breathless. In my opinion, there is no such thing as luck. There is planning, goal setting and action. I apply the same goal setting techniques to my personal life that I do to my business. My husband and I have a goal of taking a minimum of one (not including all of the trips back home) “nice” vacation per year but we are now working to take more than that. Why? Because we recognize the importance of quality family time and the opportunity to recharge so we can deliver the best to our clients.

Is there a vacation that you and your family have been thinking about taking? Make a list of everything you would need to do to make that vacation happen. The financial aspect, coordinating, etc. Now, write completion dates next to each item. The amazing part about luck is that it happens when you make those plans, follow through and take action until the goal is completed. The other amazing part is that if you plan ahead and write down how much you will need for the vacation, the financial part will take care of itself!

In Support,

Ursula Mentjes
CEO and Certified Business Coach


  • One Change Could Change Everything!
  • help

    I remember the day very clearly. My business had been growing for several months and I was discussing the growth over coffee with a trusted business associate. She looked at me and said, “When are you going to hire someone to help you?” I took a deep inhale in as I stared at her across the table. She was asking ME, the Certified Business Coach, when I was going to ask for HELP? I am a business coach! I should be able to handle everything in my business, right?

    Wrong! My business associate was right! The time had arrived to hire someone to help me take my business to the next level. Having spent many years in the business world with a large staff, I dreaded thinking about hiring people again. Don’t get me wrong, I loved having a large, talented staff, but I wasn’t sure that I was ready to take on my first employee in my new business.

    How often do you think about the growth of your own business? Change. It can be a difficult word to swallow, and yet, without change, we cannot successfully grow our businesses. If you could make one change in your business right now, that you know would make a difference, what would it be?

    I did a lot of thinking about the kind of person I wanted on my team. After many years of hiring people, I had learned the hard way in terms of what to look for and how to successfully hire good people. Referrals can be a phenomenal way of finding people, so when my trusted business associate referred someone to me, I jumped on the opportunity to connect. As it turns out, she was the perfect connection and a phenomenal contributing member of my company.

    Hiring the support that I needed quickly took my business to the next level. Sometimes when you are in the “middle” of your business on a day to day basis, it is easy to get lost in the details. You might not be sure what kind of help you need or what needs to be changed. Talking it over with a trusted mentor or business associate can be a great way to step away from the business and check out some areas that might be areas for change.

    Another way to figure out what you might want to change is to think about what you WANT in your business right now. I realized that I wanted to have more quality time with my clients and that the only way I could achieve that was my hiring someone to assist me in the day to day business activities.

    The second thing to consider is what not achieving this goal that you want in your business is costing you or costing your business. For example, not having the help I needed was costing me valuable time with my clients and my ability to reach more clients. Perhaps you want more time off from your business but aren’t sure how to achieve it. Not achieving this might be costing you your physical health or time with your family. One change you could make immediately, for example, might be to create an “ideal schedule” that you will follow every day. Your “ideal schedule” might allow you to leave at 4pm every day. If that is your goal, I would recommend that you work backwards from your 4pm daily leave time to determine how you could make that work in your business.

    Figuring out what you want in your business is the first step leading to making a change. Understanding what not achieving that goal is costing you or your business is the second step. The third step is to commit to taking action. After you make that first change other positive things will begin to shift in your business and in your life. Take action today!

    Action Item:
    What is one goal that you know you want to achieve in your business right now? What is not achieving that goal costing you? How could achieving that goal create a change in your business that would take you to the next level? Take 10 minutes and write the answers down to these questions. Then take a look at what you wrote. Are you committed?

  • Upcoming Events!
  • people/handshake

    www.theleadersclub. net
    The Leader’s Club meets every Tuesday morning from 7:30am to 8:30am at COCO’s Family Restaurant 909.737.7270
    www.coronachambe r.org
    Check out all of the great Corona chamber events that are coming up!
    www.riverside-chamber.com
    Check out all of the great Riverside chamber events that are coming up!
    www.nawbo- ie.org
    May 18, 2006, 6:00pm, Dinner
    NAWBO-IE Monthly Meeting
    Hilton Hotel Ontario
    Rsvp@nawbo- ie.org

  • The Reader's Quest
  • books 2

    Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money - That the Poor and Midle Class Do Not!
    by Robert T. Kiyosaki, Sharon L. Lechter


    Now, Discover Your Strengths
    by Marcus Buckingham, Donald O. Clifton

    Getting Things Done: The Art of Stress-Free Productivity
    by David Allen

  • Quotes on Your Quest
  • "First, have a definite, clear practical ideal; a goal, an objective. Second, have the necessary means to achieve your ends; wisdom, money, materials, and methods. Third, adjust all your means to that end."
    Aristotle

    "A good goal is like a strenuous exercise -- it makes you stretch."
    Mary Kay Ash

    "I have an almost complete disregard of precedent and a faith in the possibility of something better. It irritates me to be told how things always have been done.... I defy the tyranny of precedent. I cannot afford the luxury of a closed mind. I go for anything new that might improve the past."
    Clara Barton

    HS blk

    Ursula Mentjes is a Certified Business Coach who specializes in Neuro-Linguistic Programming (NLP) to help her clients reach their highest potential in their careers and businesses. She holds a Bachelor of Arts Degree in Psychology and Communication and a Master of Science Degree in Psychology. Ursula is also a Certified NLP Coach through the NLP Institute of California and a member of the International Coaches Federation. She is the founder and owner of Potential Quest, Inc. Ursula has over ten years of sales, sales management and executive management experience. You can contact her at Ursula@potentialquest.com or 951.689.8002.

    Read on...
  • What clients are saying
  • "Ursula's positive energy, coaching tools and techniques provide you with the resources to help you exceed your goals!."
    Debra Murphy, Union Bank

  • FREE "One Great Goal!" 30 Minute Group Coaching & Training Session
  • woman bldg

    Could your team or organization benefit from 30 minutes of FREE Group Coaching and Training? Let your team members discover how reaching "One Great Goal!" can unleash the potential in their career or business

    This will be honored in the month of May for the first two organizations that contact Sheri Granneman at 360.546.5558.
    This session is valued at $1,000.00

    :: 951.689.8002


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