3 Reasons You Should Use Payroll Services
Large bills fanned out and held in hand
If you are a business owner, you have a lot on your mind. You have to make sure that your business is up and running. You have to make sure that you are getting bills paid, inventory ordered, invoices sent, all while overseeing everything else that occurs on a day-to-day basis. Trying to do your own payroll in an attempt to save money is just one more thing on your plate; something that is very easily delegated to someone else. If you are trying to do your own payroll, read these three key points on why it would behoove you to hire an accountant in Billings, Montana to take care of that for you.
You Are Able to Stay Compliant with Payroll Services
The IRS has a lot of deadlines, forms, and other compliance issues that need to be taken into account. If you are trying to do payroll on your own, without the help of a payroll service in Billings, Montana, then you are trying to learn an entirely new business. Why would you spend the time to learn another business, all while trying to keep your own business up and running?
We go through continuing education all year long. We understand payroll services, and we know what needs to be done to stay compliant with the IRS. You have one less thing to worry about when hiring out your payroll services.
You Actually Save Money with Payroll Services
The average small business owner spends about 10 hours each month doing their payroll. That is sitting down and calculating out hours, figuring in taxes and withholdings, and writing checks. If you value your time at $50 per hour (as a business owner you should be valuing it at least that much, and likely double that), then you are spending over $500 every month just to write checks to your employees.
If you hire an accountant to do your payroll services, you save 10 hours and a lot of stress. Instead of doing payroll, you can now grow your business and make sure everything else is running properly.
Your Employees are Happier with Payroll Services
With a professional payroll service company helping with your payroll, your employees don’t have to worry about late paychecks, inaccurate paychecks, or anything of the sort. They know that they can send in their hours, and on payday they will have a check in their hands.
Even more, you can add some perks to help retain employees. When trying to do payroll yourself, retirement plans like a SIMPLE IRA were out of the question. Now that tax reporting and payroll is easier, you can offer those perks.
Using a payroll service in Billings, Montana doesn’t have to be expensive. In fact, if you are spending a lot of money to cut paychecks to your employees, then you are doing it wrong. Payroll services should not be expensive; here at Practical Taxes they are not. Call us today at 406-894-2050 to find out more about how we can help you.
Practical Taxes is a full service accounting firm in Billings, Montana. We do payroll services (including online payroll services for those who don’t live close by), tax preparation, business consulting, and much more.