Payroll

March 23, 2015

Outsourcing Your Payroll – What You Need To Know

Does your business use an outside payroll service or hire a bookkeeper Melbourne for processing payroll? Are you thinking of using one? Payroll service companies or your bookkeeper Melbourne perform an important function assisting employers comply with laws. But these services also pose risks for employers. There are three categories of payroll service companies. In all three categories, the payroll service company computes employees’ withholdings and net pay, compiles payroll accounting records for the employer, and prepares payroll tax returns for the employer. The first category of payroll service companies are payroll service providers (“PSPs”). A PSP prepares payroll tax returns using the employer’s employer identification number (“EIN”). The employer signs and files the […]

March 3, 2015

Is It Time To Change Payroll Provider?

Payroll is often outsourced to third party providers such as a bookkeeper Melbourne because self-starters are hoping to be relieved of the complex and time-intensive nature of managing it on their own. But oftentimes, this can turn into an unhealthy relationship where you end up feeling more stressed because your bookkeeper Melbourne isn’t making good on their promises for accuracy and customer service. If your bookkeeper Melbourne has you stuck in a bad relationship, get out of there and enter a new and healthy relationship. Today’s innovative payroll solutions are cloud-based, intuitive and the all around perfect match. It’s time to stop punishing yourself and your business by dealing with a bookkeeper Melbourne who just can’t cut it. With that […]

February 20, 2015

Top Payroll Penalties to Avoid

Payroll rules and regulations are an important management concern for any small business. Payroll services can help small businesses avoid any oversight penalties that may occur. There are several management concerns that each new business and established business may have regarding employee payroll. 1. RECORD KEEPING AND DATA GATHERING. Record keeping and data gathering are critical areas of business. Data gathering is especially important for the employees of a small business. There are local, states, and federal record keeping requirements for each new employee and for each employee that remains employed. Making sure that the correct information is gathered is vital to the longevity of any small business. 2. MANAGING PAYROLL. Payroll needs to be organized and managed effectively. The […]