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9 Valid Reasons for Small Business Owners to Outsource Payroll

Some small business owners make decisions that end up costing them more in the long run. If they keep late hours and miss weekend fun with friends and family, it takes a toll. They are also in grave danger of costing themselves more money than what they are trying to save, by doing their own payroll. The staff at The Payroll Department provides you with 9 valid reasons why you should call on us.

  1. Cost: Huge companies can maintain a payroll But if your business employs fewer than 20 jobs for workers, you can save money by contacting The Payroll Department. Figure out how many hours you or an employee spends each month on payroll. Add the time spent researching ever-changing tax laws and money spent on paper and ink, printing and distributing paychecks and creating payroll tax documents.
  2. Without the worry of tax compliance, small business owners have greater peace of mind!Accuracy: Payroll mistakes make employees angry and suspicious of you. Those mistakes can also alert the government, which might later result in an audit.
  3. Reliability: If you or an employee does payroll each pay period, reliability is based solely on not making a single error. The Payroll Department can do a better job of staying current with employees’ vacation hours, overtime pay, garnishments, etc. Why? Because, unlike you, that’s the only job we are doing for your small business.
  4. Speed: The Payroll Department staff are specialists. We have the technological resources to handle any temporary changes in your payroll, such as seasonal workers, contract workers, etc.
  5. Insight: The Payroll Department knows the ins and outs of payroll tax laws as well as federal, state and local regulations. Do you have the time to stay current with this information?
  6. Accountability: When your small business is in our very capable hands, we understand and respect our accountability to you, by law. It is part of our promise to you that we have a third-party bookkeeping service audit every client account one per quarter.
  7. Flexibility: Most entrepreneurs quickly get tired of wrestling with payroll. When we take this burden off your shoulders, you have time to do what you’re best at doing and growing your business.
  8. Security: When we are in charge of providing payroll services for your business, you don’t have to worry that employees handling the payroll might be embezzling from your business instead of simply doing the payroll.
  9. Worry: We guarantee you’ll sleep better at night. And you’ll spend your work days doing what comes most naturally to you, running a profitable small business.

Neither payroll nor taxes are business tasks any small business owner can afford to miss or handle inaccurately. Give yourself a break! Call on The Payroll Department. We’re on your team!

-Sherri of The Payroll Department Blog Team

Posted in: Operating a Small Business, Payroll, Payroll Processing

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Average Pay Increases of 3% Expected in 2015

Financial experts are saying that pay increases in 2015 are likely to average about 3% – just about the same as average increases for the last two years. Inflation is currently running about 2.1% so that means the average employees are barely keeping ahead of inflation. (more…)

Posted in: Churches and Non-Profit Employers, Payroll, Payroll Processing, Payroll Taxes

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Structure –It’s a Good Thing!

One strength that many small businesses have is flexibility. They are often nimble organizations that are able to react to new situations quickly. This is a great quality to have! But have you ever thought of the flip side of this strength, the weakness that can be a result of this same flexibility? (more…)

Posted in: Operating a Small Business, Payroll Processing

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Smart Entrepreneurs Find Ways to Eliminate Paperwork and Headaches

Since she could remember, Julia was happiest when she could steal some hours from her demanding schedule to do what she loved. That meant that, even in the wee hours of the weekend, friends and family could find her happily working away in her sewing room.

When Julia was unexpectedly downsized from her office management position in a struggling factory, she decided to finally go for her dream. She found a perfect place to open her own small business as a seamstress. Though she was thrilled that her talent was an immediate hit, Julia was also overwhelmed. Suddenly, her life was littered by stacks of fabric swatches, work orders, walk-in customers and a constantly ringing telephone. (more…)

Posted in: Operating a Small Business, Payroll, Payroll Processing

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Proposed Payroll Tax Reporting Deadline Change Puts Pressure on Employers

Included in President Obama’s proposed 2015 fiscal year budget, there is a provision to accelerate the deadline for employers to deliver end-of-year W-2 tax forms to the federal government. The deadline for delivery of forms to employees is currently January 31st and then reported to the Social Security Administration (SSA) the last of February (March 31st for electronic filing) each year. What does it mean for employers if that reporting date is moved up to January 31 every year? (more…)

Posted in: IRS and Tax forms, News

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7 Payroll Pitfalls for Small Business Owners

7 Payroll Pitfalls for Small Business Owners

As an ambitious entrepreneur, interested in launching your own small business, The Payroll Department understands that you have a lot on your mind. As you make big decisions about the future, there’s a lot to consider. You’ve got to mull over the possibilities involving location and leased space for your workspace, logos, employees and training needs. You’ve got to juggle so many different scenarios just to somehow assure yourself success. But did you know that when small business owners fail, one of the reasons is frequently traced to taxes and payroll mistakes? These are the top reasons small business owners find themselves in hot water, heated directly by the flames of the IRS: (more…)

Posted in: IRS and Tax forms, Payroll Taxes

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Who Can You Trust…With Your Payroll?

Many small businesses find that hiring a payroll company to manage payroll responsibilities is a great way to make efficient use of their employees, ensure duties are handled correctly and promptly and often enjoy an overall savings of time and money. But handing off that important responsibility is a really big decision. No business owner should make the decision lightly since the business owner remains legally responsible even when delegating these duties to a payroll service. So how can you evaluate a payroll service to be sure that they are worthy of your trust? Here are a few questions that you want to ask: (more…)

Posted in: News, Operating a Small Business, Payroll Processing

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Why Use a Payroll Service for Contracted Workers Pay?

Should small business owners who have “employees” that are contract workers ever consider using a payroll services provider? I have been wondering that for a long time because, after all, the employers don’t pay payroll taxes for contracted labor. So why would it ever be a benefit to outsource payroll of that kind? (more…)

Posted in: Operating a Small Business, Payroll, Payroll Processing

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Don’t Let Your Payroll Slip Through the Cracks

Small businesses often do a great job of making good use of a limited number of employees. Tasks may be shared among several employees or delegated to someone who has other responsibilities. It’s common that employees are often asked to wear several different hats. While this is just reality for a small business working with limited employee resources, it can sometimes create problems, and in no area is this more troublesome than in payroll. Let me explain. (more…)

Posted in: Payroll, Payroll Processing

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Employers Paid $4.5 Billion in Payroll Tax Penalties

The IRS recently published data saying they handed out 6.8 million fines to U.S. employers as of the end of September, 2013, because of botched payroll taxes. According to an article in The New Entrepreneur, these penalties amounted to $4.5 billion that employers owed the government. (more…)

Posted in: IRS and Tax forms, Payroll, Payroll Taxes, Rules, Regulations and Laws

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