Recently, a business contacted us because they wanted to outsource payroll. This business had been using an online service that was an add-on to their accounting software.
There are many problems now because the set up wasn’t done correctly. The owner’s comment was, “It really isn’t a service at all.”
Because of these mistakes; penalties and interest will apply.
How often have you started to write a memo on policy updates, an annual report or even an email only to find yourself staring at a blank screen? Many professionals struggle to get started writing — even though they have a general idea of what they should say, they don’t know what to say first.
Often when we are reviewing a company’s year to date history, we discover errors in how the payroll was set up. For example, we’ve seen where mileage was being reimbursed to employees and treated as taxable wages. This mistake costs both the employer and employee money.
Entrepreneur Magazine reported that payroll is one of the top five tasks that should be outsourced.
Don’t be pennywise and pound foolish! Call Payroll Vault for a free payroll checkup.