Automate Payroll
Payroll leaves no room for error. Failing to pay the proper amount of payroll taxes and having to pay out a lump sum at the end of the year can put a company out of business. Not to mention the additional penalties the IRS often issues small business owners for payroll errors (for example, not paying the right amount – which can end up costing a business up to $1,000 in penalty fees). Even without mistakes, processing payroll manually is time consuming and costly. A payroll service will help prevent errors and save your company time, money and manpower.
Given the sensitivity of the information needed to process payroll, it is critical that the right service is selected for your business. Depending on your needs and the accounting software you select, a few examples of payroll software to consider include Gusto, Zenefits, Inuit and ADP.