One complicated, time-consuming task that every business must perform is payroll. Whether your company has one employee, ten, or dozens – you need to:
- Calculate gross pay, withhold proper taxes, and prepare net checks;
- File annual 940, W-2s, 1099s and Worker’s Comp Insurance reports;
- File quarterly 941 and state OQ report forms;
- Deposit taxes withheld by the required dates; and
- Respond appropriately to letters from the IRS or Department of Revenue.
As a small business owner you have options:
1. Do it yourself – manually calculate taxes and write checks, buy software to run on your own computer, or use an online tool that will protect your private data
2. Hire a bookkeeper with payroll experience – post help wanted ads in papers and job websites, or contact a temp agency
3. Let us take care of your payroll: We have decades of experience serving a variety of small companies (50 or fewer employees) and we would be glad to put our skills to work for you.
