Payroll Services
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Unless you run an accounting firm, you shouldn't be doing your own payroll. You can get in trouble faster with the IRS for not paying your payroll taxes properly than not paying personal income taxes. Not to mention what happens to employee morale when you're late with payroll.
If you hire a professional to do your payroll, then you can rest assured that you will have no issue when income tax season rolls around. If you do the payroll in-house, then you need to stay on the top of rules for federal, state and local tax laws that often change. The fees to outsource payroll are not very expensive, so do yourself a favor, let NW Book Pros handle the deductions for withholding, social security, unemployment and worker’s compensation. You can’t afford to make a mistake. |
Are you a payroll specialist?
If not, contact NW Book Pros for help! |
5 Reasons to Outsource Payroll
Focus on Your Core Business. Payroll is one of those critical functions that may not directly increase sales, but carried out poorly it can put your business in a world of hurt. Most of all, it can take time and attention away from core activities. Regardless of how many employees you have, attending to payroll demands a great deal of time and attention to detail. Pay period follows pay period, each time requiring the business owner to input considerable amounts of data and double-check for any keying errors. All of the time spent doing this is time not spent on your core business activities.
Time is Money. Time saved is money saved. Think of the time required to calculating payroll each time period, printing, signing, and distributing paychecks or pay stubs, generating reports for in-house and accountant use, and preparing and remitting payroll taxes and returns to government agencies. When evaluated on a per-payroll-period or a monthly basis, a time/cost analysis may well indicate the benefits of an affordable full-service provider.
Security. Payroll processing is a complex and potentially risky business operation. Even with trusted employees there is always a risk of identity theft, embezzlement of funds, or tampering with company records for personal gain. And how safe and secure is payroll data on your company's server or network? By contrast, NW Book Pros payroll solutions can offer protection for your confidential payroll data. In addition to redundant backup and multiple server locations, NW Book Pros invests in secure systems for storing and protecting data as part of the service provided to clients.
Compliance. Businesses have to comply with a wide range of laws when it comes to employees. In general small business owners aren't experts in the complicated world of government tax regulations, yet they are legally responsible for any cases of misrepresentation or failures to accurately report employment taxes to federal and state government agencies. Mistakes can lead to audits and penalties. Government rules and regulations are always changing and small business owners can't be expected to stay on top of these changes.
Expertise. Employers have to deal with almost 10,000 federal, state and local taxing jurisdictions across the United States. While most small businesses won’t have to comply with each of those jurisdictions it still points to the complexity of the laws. And every year hundreds of new laws and regulations are enacted. A professional payroll provider employs individuals who know payroll processing inside and out. These individuals specialize in the complexities of payroll taxes, as well as compliance with government regulations. It's what they're trained to do.
Time is Money. Time saved is money saved. Think of the time required to calculating payroll each time period, printing, signing, and distributing paychecks or pay stubs, generating reports for in-house and accountant use, and preparing and remitting payroll taxes and returns to government agencies. When evaluated on a per-payroll-period or a monthly basis, a time/cost analysis may well indicate the benefits of an affordable full-service provider.
Security. Payroll processing is a complex and potentially risky business operation. Even with trusted employees there is always a risk of identity theft, embezzlement of funds, or tampering with company records for personal gain. And how safe and secure is payroll data on your company's server or network? By contrast, NW Book Pros payroll solutions can offer protection for your confidential payroll data. In addition to redundant backup and multiple server locations, NW Book Pros invests in secure systems for storing and protecting data as part of the service provided to clients.
Compliance. Businesses have to comply with a wide range of laws when it comes to employees. In general small business owners aren't experts in the complicated world of government tax regulations, yet they are legally responsible for any cases of misrepresentation or failures to accurately report employment taxes to federal and state government agencies. Mistakes can lead to audits and penalties. Government rules and regulations are always changing and small business owners can't be expected to stay on top of these changes.
Expertise. Employers have to deal with almost 10,000 federal, state and local taxing jurisdictions across the United States. While most small businesses won’t have to comply with each of those jurisdictions it still points to the complexity of the laws. And every year hundreds of new laws and regulations are enacted. A professional payroll provider employs individuals who know payroll processing inside and out. These individuals specialize in the complexities of payroll taxes, as well as compliance with government regulations. It's what they're trained to do.
Available Services
NW Book Pros offers the following payroll services designed for small businesses operating in Washington and Oregon:
- Calculate employee deductions
- Maintain payroll information by collecting, calculating, and entering data
- Prepare reports by compiling summaries of earnings, taxes, deductions, leave, disability, and nontaxable wages.
- Maintaining payroll operations by following policies and procedures; reporting needed changes.
- Resolving payroll discrepancies
- Prepare W2s and 1099s
- Comply with Certified Payroll regulations (Washington and Oregon only)
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Quickbooks® Pro Advisor
NW Book Pros is a registered Quickbooks® Pro Advisor. Ask us how we can help you with integrated payroll in Quickbooks®. |
