Small Business Payroll Outsourcing

As an small business owner there are several payroll duties you can outsource, however you need to be aware of several things:

1. The outsourcing service administering payroll taxes, the employer provides the funds
2. If there are any questions, the IRS will contact the employer
3. The Employer bears final responsibility for payroll administration

EFTPS provides secure, accurate and easy to use online payroll tax transfers and provides immediate confirmation of each transaction.  This service is provided free of charge and allows employers to make and verify federal tax payments 24/7.  Visit eftps.gov or call  (800) 555-4477 for an enrollment form.

Remember, as employer you bear ultimate responsibility for payment of income tax withheld and both the employer and employee portions of social security and Medicare taxes.

To learn more about how to outsource payroll for a small business, call 888-704-0136 and request a 30 day free trial.

This video illustrates how to calculate savings available by streamlining your payroll based on number of employees, average wage, etc.

When it comes to running a small business, a new entrepreneur will often take pride in being a “do-it-yourselfer”, and learning as they go. Then as the business grows, employees and independent contractors come into the picture, requiring a whole new level of complexity to master.

Yet by this time they are busy running and building the business and often times the attention to detail that bookkeeping and payroll require just frustrate our hero.

And this can become a serious threat if payroll details are missed, because paycheck deductions technically belong the federal, state and local governments, and you don’t want to amass a debt to any of these entities.

That’s where a professional payroll service can provide tremendous value in allowing the business to grow and expand, while assuring tax compliance along the way to avoid and future “skeletons in the closet”.

To learn how Paychex helps busy entrepreneurs, call 877-578-4384 or read “Payroll and the Entrepreneur”, available here:

Paychex White Paper – Payroll & The Entrepreneur

This site will provide easy to understand, accurate information about payroll for small businesses.  Here are some of the questions we’ll be covering:

• What deductions need to come out of the employee’s paycheck?
• What are the differences between an employee and an independent contractor?
• How frequently do I need to file?
• What are the penalties for not filing timely?
• How do I determine the amounts that are required?
• What are the advantages of hiring a payroll service?
• What is and FSA?
• What is an HSA?
• How does Paychex compare to ADP and other payroll processors?

Have a question?  Call us at (888) 924-1776, 8-6 MF