Payroll Services

Payroll Services

A Payroll Service Can Help with Employer Tax Related Responsibilities

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As a small or medium size business owner it seems you have to be a jack of all trades. The stress is constant and you must be able to keep up with supply and demand, hiring and firing, shipping and receiving, sales training and everything else associated with running your business. Where would you find the time to learn everything there is to know about employer tax responsibilities, monthly forms, compliance, deposits and even tax credits? The fact is you just do not have the time left in your busy day.

In order to keep your business running efficiently and profitable you hire professionals in their respective fields and trust them to do their individual jobs. Unless your business is a one-person consultancy it is likely you cannot do everything yourself. Why worry with payroll taxes, W-2's, monthly and quarterly reports and the like when you can outsource this function to a trusted payroll service?

What does the federal government expect from you?

This list is not meant to alarm you. It is, however, only a partial list of the knowledge that is required for the IRS alone. It does not cover any state or local tax requirements.

Taxes Under the Magnifying Glass

This is a lot to grasp and in order to remain abreast of everything that is required a small or medium-sized company would need to hire several employees who are very knowledgeable about all the rules, regulations and any changes that are made. We haven't even mentioned the actual payroll process.

A good, trusted payroll service can take care of everything and keep the wheels of industry greased so you can go on about your business.

What a payroll service will do for you

Payroll Services can keep you abreast of tax credits

A payroll service will help you take into account factors you may not have even thought of in finding potential tax credits. Credit incentives can be based on multiple factors such as job creation, the location of your business, research and development, training programs, and cost segregation.

Many businesses miss out on these tax credits just because they feel they don't have time to do the paperwork, or lacked the knowledge that they qualified for such credits. A payroll service can help you calculate payroll taxes accurately by tracking legislation and regulation, providing comprehensive year-end reports, and maintaining documentation of wages and hours worked.

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