15760 Ventura Blvd, Suite 610 Encino, CA 91436
FREE CONSULTATION818-436-2775
15760 Ventura Blvd, Suite 610 Encino, CA 91436
FREE CONSULTATION818-436-2775
Blog
Personal, Affordable Payroll Services, Bookkeeping, and Tax Processing for Small Business throughout Los Angeles County.

3 Reasons Why Entrepreneurs Need Professional Payroll Help

As a new , you came up with a brilliant concept for your new company and now you are learning how to take care of the daunting details of running the business. The work involved in the payroll process may be more than you expected. Instead of doing it by yourself, why not enlist the services of one of the payroll partners in the community who has the training for this important task?

1. You Need to Spend Your Time Making Money

You are the entrepreneur and manager, so if the time you spend on payroll duties is detracting from your work and priorities, you could pay the price in missed opportunities. Your focus should be on the entrepreneurial decisions that benefit the company and keep you competitive.

2. Payroll Requirements are Complicated

Setting up the payroll system for your company is vital and it’s crucial to pay your employees accurately and on time. If you look at the manual process of computing your employees’ gross pay, it can seem simple. However, figuring out the mandatory tax deductions that are required by state and federal laws can get more complicated. Not all workers have the same tax deductions, tax bracket, or withholding allowances. If you don’t have the patience or time to become a tax and payroll expert, then get the help you need from local payroll partners who know the tax laws in your area.

3. Mistakes Can Happen

If it is part of your job to keep the books and payroll, you can get in trouble with the IRS if your accounting is not correct. In fact, 1 out of 3 business owners have payroll omissions and are charged for it. The resulting tax penalties can put your company into debt. It is wise to compare the cost of outsourcing your company’s payroll to a reputable payroll service versus the cost of late tax filings or payroll errors.Businesswoman accounting profit

As you work at growing your company, it is important that you have time to do what you do best. Professional payroll partners can take care of the intricacies of paying your employees while you take care of business.