Payroll is an essential part of running a business. Employees need to be paid for their work, and the appropriate information needs to be reported for tax purposes. A one- or two-person shop might be able to manage payroll on their own, but many small businesses find that a payroll service from Edgewater CPA Group makes them more efficient. Entrusting your team’s payroll to an outside service is a big step. Here are some important factors to keep in mind.
Any payroll service can collect wage and hour information, and calculate gross wages, subtract pertinent withholdings and deductions, print checks, make direct deposits, and prepare tax filings. But your modern business needs a payroll service that allows employees to access data via online portals.
Withholding and paying taxes is one of the most important roles of a payroll service. Edgewater CPA Group is licensed for payroll accounting in Indiana, and in all 50 states to manage tax liabilities accurately and effectively.
Your business is unique, and you need a payroll service that can meet the needs of your employees. What’s more, you need a payroll service that can flex with the growth of your business. If your five-year plan includes some major changes to your business, make sure your payroll service can handle it.
We know payroll isn’t your favorite part of running your company. Tax liabilities are complex and workers’ compensation red tape can be overwhelming. When Edgewater manages the payroll accounting for your employees, you’ll have more time to focus on your business or to spend with your family. Our services operate in a virtual capacity, and we have the ability to customize a payroll management plan best-suited to your business. Our offices are in Fort Wayne and Indianapolis, but we assist clients throughout the United States. Give us a call today at (888) 317-4835 to schedule your consultation for small business payroll services.
Source: Money.HowStuffWorks
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