Those of us that own and operate small businesses know that there are some functions, especially some administrative ones, that are best left to experts. These can include tax preparation, accounting, human resources compliance, and payroll.
Most people who start a small business are not versed in these areas, and can indeed get themselves into a good bit of trouble if deadlines are missed or other errors are made.
Trying to save a few bucks by doing these things yourself can cost you big time in the long run. Miss filing your quarterly 941 forms? Penalty. Miss making a scheduled 941 tax deposit: penalty and interest.
A good payroll service will help you in a variety of ways. They can see that your paychecks and/or direct deposits are provided on time and accurately every payday. They can make sure you are aware of every deadline, be it a tax payment or a tax return due date. They can provide specialized services such as tracking workers’ compensation data, or 401(k) contribution data. And they will of course provide your W2s (and 1099s) at the end of the year.
Here are some questions to ask a prospective payroll service:
Do you provide complete payroll processing?
Can I opt for direct deposit for my employees?
Do you use your own software? (No is not a good answer)
Is my set up free?
Is my first month free?
Do you take money out of my bank account for taxes that are not yet due?
How much is this going to cost me?
Are you local?
These are just some of the questions that might be helpful. At Go-Payroll.com we are local, we use our own software, we can handle virtually any type of payroll situation for you, and WE NEVER USE YOUR MONEY TO MAKE MONEY! And we charge far less than the big payroll services. Why? Because we are a small business, and understand perfectly the needs of small business. Our overhead is reasonable, and while we want to make a fair profit on our services, we want our prices to be reasonable as well.
So visit our website at http://www.go-payroll.com and check us out.