Accounting

3 Reasons Your Small Business Should Use a Payroll Service

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Do you own a small business? If you do, you know just how busy this job keeps you. Helping customers, marking for new clients, sourcing for low-cost suppliers and managing your employees are just a small portion of what you do each day. If you are looking to lighten your load, here are three ways that a payroll service can help you out.

  1. You Have More Time To Focus on Other Tasks

When you operate your own business, it’s your responsibility to make sure your employees are paid correctly. Not only that, but you need to be concerned with taxes, insurance and other deductions. This is a lot of time spent on a project that doesn’t bring in money. Using payroll services Marietta GA frees you up from this time-consuming task and lets you focus on your customers.

  1. Leave Tax and Deduction Calculations to the Pros

Knowing how much money needs to be deducted from each person’s paycheck is a very detailed process. Each employee wants different amounts of federal, state and local taxes deducted from their pay. Federal regulations require social security and medicare taxes also be deducted from an individual’s paycheck. Then there’s insurance, 401k contributions, equipment fees and garnishments that also need to be considered. These calculations must be spot on every single time and are reported to the IRS. With all this in mind, it’s better to leave this job to a professional payroll service.

  1. Payroll Services Make Hiring New Employees Easy

When it’s time to hire new people, leave all the onboarding paperwork to someone else. Not only does it free you up to focus on your customers, but it ensures all applications, background checks and tax forms are finished correctly.

Using an outside source to process your company’s payroll is a great way to allow you to focus on your customers while ensuring your employees’ paychecks are taken care of.

 

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