Monday, March 7, 2011

Why Hiring Out Your Payroll is a Good Move For Your Small Business

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.

12 comments:

Habib Ahmed Qureshi said...

Its really a nice post,about the payroll,its really a good move for the small business.I am in searching of good Tax Lawyer in Alabama,this post really help me to start the small business.

Nileema said...

Hiring out payroll or Payroll outsourcing services are very beneficial for large organizations where employees are in thousands.
But in organizations having a few hundred employees, a good payroll software can do the required work efficiently.

Fordwilliam said...

Outsourcing your payroll eliminate the necessity for you to become an expert on topics such as withholding amounts, saving your records and PF account details.

Payrolling

Daniel said...

Business Process Outsourcing of Financial, Administrative, Operational support, and Payroll Processing services.
Thanks for sharing
Online Payroll

Liza Gen said...

Hi Guys,

Greatest article about online the tax service.Payroll Deposits Service. Tax resolution service where our team of experienced attorneys and tax professionals strive to achieve one goal. We tackle everything from unfiled tax returns to levies, liens and other IRS actions

Thanks

Business payroll services said...

Hi,
Nice info on Small Business payroll services.According to me small business payroll services is a way to helpful to reduce a amount of work.

lancy said...

Elev8australia.com offers user friendly, customized, scalable and affordable Payroll Business Software and HR software solutions for all type of indursty. HR3 Payroll software is a complete software package for small- and mid-sized businesses which maximize productivity and enhance profits.

Payroll Business Software

Adam Thomas said...

Thanks for sharing this post !

Payroll Business Software

Phil Grahm Salt said...

It's really great to hire payroll service because it put less burden on the business owner. Plus, he can concentrate on making money through his business.

Daljeet Kaur said...

Nice post on payroll.This is very impressive post with every minute details mentioned and clearly expressed, great job.
Payroll Services

Jason Murphy said...

Indeed, outsourcing or hiring a payroll service (payroll services edmonton) is essential for running a company efficiently. With that system, the company is insured that all payroll requirements are properly handled.

PHL Taxi said...

Thanks for your great information about payroll taxes.this is really helpful.
Payroll services

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Ann Arbor, MI, United States
I am a software developer. I have been in that business for over 4 decades. I am also recently widowed, having lost the love of my life to ovarian cancer.