Utilizing a Payroll Service Saves Time & Money
For the new business owner getting your new business started; it is essential to get it going in the right direction; utilizing an Payroll Service is your best bet to get your business started off on the right foot. A payroll service has the advantage, whether you have one employee or thousands, of quickly and efficiently handling all of your payroll needs. Payroll services will handle all of your payroll issues including:
-Payroll Check Preparation.
-Payments to federal, state and local authorities.
-Payroll reports to federal, state and local authorities.
-Printed or Electronic Checks.
-On-line or next day delivery.
-On-line, verbal for fax reporting.
-Active customer support.
-Management ready payroll reports.
-New Hire Reporting Assistance & Compliance.
-Garnishment Assistance.
-Assistance with Payroll Reports.
-Handling of any IRS or state tax notices received.
-Automatic drafting of payroll taxes and fees.
-Automatic crediting of payroll proceeds to an employee's personal account.
Having served as a CPA in Atlanta for now 30 years, I remain committed now more than ever that a CPA firm, who has your best interests at heart, will not perform payroll services. Though a CPA firm is eminently qualified to handle and perform payroll tasks and all of their reporting issues, a CPA firm by definition will either charge you CPA rates for predominantly clerical services or they will package or bundle the services putting their name on a payroll company's work adding there mark up for doing so. Desiring first to serve is a motto we all should aspire to. If where you live is at all similar to the Atlanta marketplace, there are many fine payroll companies, many of them national companies, who are more than capable of providing excellent service at a fair price. To read more about payroll tax issues visit:
Information on Payroll and Independent Contractors Reporting
Identifying if a Worker Is an Employee or Independent Contractor. Classification of your workers is often one of the most confusing sections of tax law. This recap will begin to enable you to properly classify your workers. http://www.hiscpa.com/independent-contratctor.html
Payroll Tax Withholding. Employers are required to withhold portions of each employee's salary and pay additional taxes to local, state and federal governments. This article discusses the types of taxes that must be withheld or paid. http://www.hiscpa.com/payroll-tax.html
Managing Payroll Forms. Easily the most administrative burden of owning your own business, payroll is the bane of many who try to go it alone. http://www.hiscpa.com/payroll.html
John Dillard is a Christian Speaker/Author and Certified Public Accountant (All Rights Reserved). To See how he takes Christ along with him to work visit http://www.hiscpa.com/ (An Atlanta CPA firm) and for his latest book Overcoming Life's 9/11's: Job's Journey and to learn about his ministry visit http://www.john-dillard.com/
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