Payroll – Are You Legal?

Are you aware of and following ALL of the employment laws regarding payroll?

Are you aware of and following ALL of the laws regarding payroll taxes? (Due dates, rates, penalties, etc)

Are you processing and completing your own payroll?

Are you using a National Payroll Service for your payroll?  If so,

Are you fully aware of how much and what you are being charged for? 

Are you covered by a 100% Guarantee from any liability on incorrect or late filings by your payroll service provider?   

Payroll processing involves complex account procedures, observance to payroll regulations and difference in employee working hours, salaries and department switching etc. Calculating the payrolls and tax deductions is very boring and comes with ample mistakes. In addition, writing checks and filling all the necessary payroll tax work could be a major distraction. Payroll processing can take hours. A simple mistake in the processing can make your employee irritated and also lead to inconvenience and wasting of time in correcting the check. This ultimately leads to slow down of work and productivity in the company.

Small business owners often suffer the biggest consequences of careless tax accounting. The biggest problems for business owners are 941 payroll issues. When business owners and other responsible parties do not pay their payroll taxes they can be personally assessed the full withholding and the unpaid trust portion, which is the tax actually deducted from the employees. This is called the 100 percent penalty assessment. Businesses that don’t pay or make some sort of arrangement with the tax authorities can be shut down.

These 941 payroll issues are serious business, and the Internal Revenue Service Collections Officers have unyielding power and authority in their tactics. They can lock your doors, intercept money that your customers owe you, and completely put you out of business. It is important to realize how serious these 941 payroll issues are. The IRS can refer the case to the Criminal Investigation Division and ultimately to the Department of Justice if they can prove that a business intentionally didn’t file and/or pay. But for those who make an earnest attempt, help is available.

Oftentimes business owners don’t know whom to trust with something as sensitive as company payroll. What some businesses sometimes fail to remember is there are hidden fees they may not have considered if they decide to do payroll themselves:

•    Purchasing updated payroll software
•    Hours of extra time spent on updating new payroll laws
•    Late payment penalties, fines, & interest
•    Fixing mistakes on employee

checks that will take more time and resources

 

What’s more Valuable Than Your Time?  

Time is money, as they say and what is more valuable than that?

As for most businesses, the” bottom line” means everything. If the thought of outsourcing payroll seems like an expensive hassle, think again. When you outsource your payroll to BEALMAN & ASSOCIATES, you have less employees in-house, which means less employees to pay, give insurance to and find space for not to mention, software, computers and other necessities that come with processing payroll in-house.

In today’s economic climate, many business owners believe that outsourcing payroll to a payroll service offers one less headache they have to deal with, plus when time is money, nothing is more valuable than more time for your own business.

Think of some other things that cost money, you won’t have to worry about, like office expense of extra paper, stamps, envelopes, computers and expensive payroll software.

• You want to offer health benefits and a 401k plan to your employees but can’t afford to do it.  
• Legal issues related to payroll, certified payroll, workers’ comp and business taxes are not your strong suit.  
• You make time doing payroll while eating lunch, at 2 in the morning or wait until the last minute and just let the late payments build up.
• Or you spend more time working on payroll issues than your own business- the reason you started all of this in the first place.
• You would have to hire another person just to handle all of your payroll and human resource needs.

When You Should Outsource to a Payroll Service?
•    You have no experience processing payroll or payroll taxes/insurance
•    You don’t have time to take a lunch let alone make time for hours of payroll paperwork
•    It’s actually cheaper to outsource to a payroll service than hiring someone to do it for you

 •    You have made payroll mistakes in the past and received penalties you would like to avoid
•    You have a lot of turnover in employees, complicated benefits or legal obligations to consider

BEALMAN & ASSOCIATES ‘payroll processing services are warmly preferred by business owners nationwide; either small or big. The employers who use our payroll processing service save good amounts of time, expense, penalties, interest, late charges, and hassles that arise in the processing. They appreciate the peace of mind that comes with our 100% Guarantee.

Contact us to arrange for your NO OBLIGATION, COMPLIMENTARY PAYROLL ANALYSIS AND COST ESTIMATE TODAY!

Click here for Free Demo: Payroll Relief AC 

©2010 Vicki D. Bealman, BEALMAN & ASSOCIATES