Should I Hire a Payroll Service or Should I Do it Myself?

Here is your answer;

Unless you are a payroll expert, we strongly recommend using a payroll service. 

Here’s why;

In general, business owners are usually concerned with the growth of the business and don’t have the time it takes to keep up with the rules & regulations of payroll. The price of making a mistake and owing taxes to the IRS or state back taxes, interest and penalties can be huge.

Here is what you will not have to worry about;

  • Issuing paychecks
  • Filing quarterly reports
  • Withholding employee taxes
  • Issuing W-2’s at year end
  • Considering the tax-ability of various deductions
  • Managing employees’ health and pension plan contributions

Making the right decision is everything and this one may just be the best decision you’ve ever made.

 

 

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