Small-business owners will begin to look back at their past and plan for the future as the year progresses. One problem that can present a problem year after year is payroll.
Many businesses get in trouble with IRS not because they are dishonest but because they miss deadlines or miscalculate numbers. Small businesses may not be happy with the financial penalties imposed by the government.
Even if the business has only one employee, small-business owners may find federal and state employment forms complicated and difficult. Although small-business owners may believe they can save time or money by doing their payroll calculations themselves, it is usually in the best interests of businesses to hire payroll service providers.
Owners of small businesses need to focus their attention and time on their business’ success. Paychex, Inc., is a national leader within the payroll and human resources industry. These tips are for small-business owners who want reliable payroll-processing services.
– Demand personal service. To get the best results, it is important to speak with the same person each pay period. You should always speak to the same person if you have any questions about your service.
Search for national payroll processing companies. You will not be held responsible for fraud or inaccuracy by national payroll service providers.
National providers often have several backup systems in place to ensure that payroll packages are delivered on time and data is not lost during a natural catastrophe or another calamity. Paychex maintains a strict backup plan to ensure continuity of services for its clients throughout the country. Payroll deposits are electronically managed and maintained by national providers for maximum confidentiality and security.
Payroll service providers should also offer human resources services. Integrated HR services could include 401(k), workers’ compensation insurance administration, payment services, and health benefits.
“Small-business owners can realize a new level of productivity and convenience when they choose to outsource their payroll function,”Walter Turek was Paychex’s senior vice president for sales and marketing. “Outsourcing ensures accuracy, timeliness and peace of mind, allowing business owners to focus on growing revenue, instead of worrying about administrative burdens.”
