Why Payroll Should Be A Professional Affair

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Why Payroll Should Be A Professional Affair
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• In days of old, payroll involved a whole lot of
  manual calculations on ledgers and employees were
  all paid in cash. Gradually, as time progressed,
  pay checks were introduced and workers often
  waited up to a month to receive their pay. Then,
  when federal withholding taxes made their merry
  way into the equation, things got a whole lot
  more complicated.
• Of course, todays payroll system is far more
  sophisticated and has been simplified with the
  help of technology and its constant advances.
  However, federal, state and local rules and
  regulations have made reporting tedious and
  lengthy, and the requirements for recording
  payroll are more detailed than ever before.
  Mistakes can be costly, as can inefficiency,
  making payroll a process that should always be
  left to the professionals

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• Outsource payroll for ultimate accuracy and
  efficiency
• Many view modern payroll professionals as being
  stewards of tax laws, who are responsible for
  reporting regulations essential to the financial
  health and longevity of businesses. When a
  company chooses to outsource their payroll
  responsibilities they are usually making an
  incredibly wise and timely investment. Not only
  does the decision help to ease the burden of
  responsibility from other members of the company,
  but it can end up saving the business a lot of
  money in the long term.

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• Processing pay period data, printing and signing
  pay checks, and keeping up to date with the
  constantly changing tax laws and regulations, are
  all payroll activities that take up a lot of
  time, and which if carried out incorrectly or not
  adhered to, can result in costly penalties from
  the IRS.
• Often, those members of a company who have been
  assigned the tax of carrying out payroll
  activities, are not up to date with tax laws and
  are certainly not experts in the field,
  increasing the risk of errors being made and
  audits being more likely.

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• Outsourcing payroll can have a huge ROI
• In terms of time, cost and efficiency,
  outsourcing payroll can offer a company a huge
  return on their investment, and if your business
  already follows best payroll practices (such as
  correctly classifying employees, and keeping
  track of them with an online system or time
  clock), then you give the professionals the very
  best tools to work with.
• Payroll is not something that a company should be
  second guessing at or muddling their way through
  with if your employees are important to you (and
  they should be!) then paying them correctly
  should be important, too. Not only that, but no
  business wants to get into trouble with the IRS
  for not being compliant with tax rules and those
  laws associated with overtime.

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• Make payroll a breeze and forget about costly
  penalties or disgruntled employees by outsourcing
  payroll, today.
• At Heyer Associates, we proactively assist our
  individual and small business clients in meeting
  their goals. Our key area of focus is ensuring
  that our clients remain compliant with federal
  and state tax laws by providing them with high
  quality accounting and tax service Coral Gables.
  If you are looking for individual tax preparation
  in Miami, Heyer Associates would be a right
  option.