Handling Employee Payroll
Most people who start a business are thinking of the big picture-the products they hope to sell, the customers they hope to win, the profit they hope to make. But it's the small details that often make the difference between success and failure.
Chief among these is attracting and keeping good people, and that means paying them the right amount at the right time. As an employer, you are responsible for calculating the earnings of your employees; withholding taxes, Social Security, Medicare, and other deductions; recording all payroll activities; preparing and filing tax documents for federal, state, and local agencies; and, of course, paying your staff.
All that paperwork can be time-consuming and expensive-and it can distract you from the tasks that really need your attention and cannot be delegated to someone else. It's up to you to decide if and when to hand the process over to an internal bookkeeper or to outsource it entirely.
We've put together some resources to help you make the decision.
- Which Payroll Solution is Right for Your Business? - It's extremely important for businesses to find the most effective and efficient payroll solution for their current and anticipated needs.
- Are Payroll Cards the Right Solution for Your Business? - Payroll cards can be as effective as bank direct deposit in lowering payroll costs. See if it benefits your business.
- Should You Manage Your Payroll In House - Why or Why Not? - Decide whether it makes more financial sense to keep your payroll in house or to outsource it.
- Outsourcing: In Search of Cost Efficient Payroll Processing - The payroll requirements can be overwhelming. Do your research and see if outsourcing your payroll is right for you and your company.
- Outsourcing Payroll? How to Find the Right Provider - Outsourcing your payroll may be the right solution for your business; however, unless you find the right provider, you may not realize the benefits you expect.
- The Evolution of Small Business Payment Solutions - Survival of The Fittest - Customer demand is driving a surge in new payment technologies; and businesses that don't keep up may risk their own survival.