Small business owners that handle all of their own payroll tax paperwork could sometimes feel like they are drowning in a sea of red tape that only serves to keep them away from the business that they created. By outsourcing to a professional payroll processing firm, those same business owners could find themselves with more time to look towards their businesses core. Online payroll processing is an incredibly simple and secure way for any kind of business to submit their payroll.
Payroll accounting can be a risky problem for small business owners, since it can be very complex and quite expensive if a mistake is made. Each year, over eight million penalties are doled out by the IRS because of an incorrect or delinquent remittance of ones federal payroll taxes. A full 48 percent of those business owners that were assessed a penalty were forced to admit that they were valid. By outsourcing to an experienced payroll processing company, this kind of worry can be removed from the equation.
In addition to helping to prevent mistakes and fines, a payroll processing firm can also help to streamline their clients business. One of the best things that a state of the art payroll processing firm can provide comes in the form of an app. This app, which is available to BlackBerry, iOS and Android users, can make it simpler than ever for employees to view and update benefits, payroll and other types of payroll services. More on this topic: www.paychex.com