Where's My Paycheck?
Don't Make Paying Your Employees For Their Work, More Work For You
When electing to run payroll in house, many business owners don't consider all of payroll processing difficulties. A mistake could cost you the trust of your employees, perhaps resulting in resignations of reliable, talented individuals. But perhaps even more painful, it could cost you thousands of dollars in IRS penalties and hours upon hours of time correcting it.
Payroll errors are common and costly. Statistics show that roughly 40 percent of small businesses incur an average of $845 a year in IRS penalties.
Some of the most common errors when running payroll manually include:
- Setting up Payroll Incorrectly
- Forgetting to Record Paper Checks
- Submitting Deposits Late or Incorrectly
- Failing to Update Your State Unemployment Insurance (SUI) Rate
- Neglecting to Run Payroll on Time
Off-Site Business Services helps small business customers avoid payroll pitfalls, saving them from hundreds - or even thousands - of dollars in penalties.
So ask yourself: "How much time does it take you or your bookkeeper to manually add up time cards and calculate pay, taxes, and benefits?" "How much time is spent investigating and making corrections, answering employee questions about alleged discrepancies and manually cutting checks to compensate for underpayment?"
If you are asking yourself how can I improve my payroll process, ask us how we can help. Call 877-966-4441 or send us an email at email@example.com.