Courtesy Priority One Payroll LLC
BY JEANNINE DUBIAC, FPC
For many business owners, payroll taxes can be confusing and overwhelming.
Payroll doesn’t stop with just issuing checks. Compliance with federal, state and local agencies can be a time-consuming responsibility, requiring detailed record keeping and up-to-date compliance with the ever changing tax laws.
Calculating the employees’ withholdings and determining the employer taxes is just one small piece that a payroll service offers to small businesses. The payroll service becomes the responsible party for maintaining all payroll tax requirements on a consistent basis.
Experienced payroll providers should ensure the job is done right, getting employees paid on time, correctly, every time and allowing the business owner to focus on running their core business.
Payroll services save businesses money by eliminating their tax liability and potential penalties. They provide detailed information regarding tax payments and employee wages to your CPA.
