November 2016 Newsletter San Diego
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Companies and Employees Need to Prepare for Higher Payroll Taxes in 2017 📈📆 

By Scott Palka, CFA CPA CMA MBA, Pro Back Office Partner/Consulting CFO

Dear Friends and Clients,

As we near the end of 2016 we want to share an administrative note for 2016 W-2 processing for S Corporations, and two payroll tax changes for 2017--FICA which will become effective January 2017 and FUTA which is very likely to change for 2017.

Payrol Items for Year-End and 2017
Well, the new year is bringing higher tax to both employees and employers on the FICA front.  The wage cap will increase to $127,200 from the current $118,500, so an increase of $8,700 which is subject to a 6.2% tax rate. Here’s the 
Social Security Fact Sheet 2017 Changes.

Read More Here...

Year-End Accounting Tips to Start 2017 Off Right 🔑

With the end of the 2016 fiscal year around the corner, many deadlines will need to be met while also managing the company towards success in the new year. Communication and organization will be critical for managing the end of 2016 and the beginning of 2017. Starting with these four tips you can help set up your company for financial success.

1) Set aTimeline for Important Deadlines

It is vital to properly manage your business strategies by setting key dates to complete your year-end financials. Items that need to be completed by this date include forecasting for Q1, verifying employee data which can include PTO, sick pay, or bonus information, and ensuring all 1099 information is on file and ready to go.

Read More Here...

The Importance of Networking & How To Do It Successfully 📡

by Jennifer Barnes, Pro Back Office CEO & Co-founder

Building your network is about building relationships. It’s not about how many people you know or how many likes you get on LinkedIn. Networking is a means to find great resources and awesome people to surround yourself with. Knowing the best of the best and spreading the word about them not only increases their success, but it increases yours.

Read More Here...

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Good Reads

FICO CEO Explains How to Improve Your Credit Score

Seven Skills Today's Employers Value Most

Not On Instagram? You Might Be Missing Out On Customers

For Small Businesses, Outsourcing Can't Be A Four Letter Word 

Community Events

12/1 - BEC Building the Family Business One Banjo at a Time!

12/1  - Connect Most Innovative New Product Awards

"Be present in all things and thankful for all things."
Maya Angelou 🍂


About Pro Back Office

Pro Back Office (“PBO”) gives you access to highly skilled finance and accounting talent. We have more than 45 professionals in our San Diego office and serve clients throughout the Pacific Southwest region.  Our back office management and project consulting professionals offer expertise in all aspects of finance and accounting from the bookkeeping role to the CFO. 
The three partners of PBO – Scott Palka, Jennifer Barnes and Mike Ford – bring a combined 70+ years of finance, accounting and business consulting experience.  Many of our team members have Big 4 experience in audit and consulting.  PBO’s client base covers many industries including: manufacturing, construction & development, real estate, food & beverage, medical device & life science, non-profit, professional services, healthcare, technology and software.  Our model provides a comprehensive and personalized solution for your finance, accounting and consulting needs by giving you support at varying levels. PBO aims to push work down to the lowest level resource in a cost effective and efficient manner.  Please visit our website at for more information.

Copyright © 2016 Pro Back Office, All rights reserved.

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