For any business to be successful it must have an accurate payroll. If your employees are being paid more than they are owed, then you are losing money; if they are not being paid enough, then they are not receiving what they deserve.
One of the most important reasons, as stated above, is to have assured accuracy. The laws governing payroll and its execution do change and it is hard to find time to continually research the subject. The laws for filing taxes for payroll are even more fluid and changing, necessitating even more research.
There is also a financial advantage to outsourcing your payroll. Hiring a permanent staff member to do your accounting will cost significantly more than hiring Luis A Bravo EA Accounting And Tax to perform the task for you. Alternatively, if you, the business owner, handle payroll, then you understand that it takes up no small amount of your time. By freeing yourself from this task you can focus on other aspects of your business.
If you have any questions about the payroll services we offer the businesses of Westminster, please give us a call at (562) 495-9000.