In the National Small Business Association’s The National Small Business Association’s Taxation Survey, payroll and income tax are the 2 most tax-related burdens for small business owners. Payroll companies are the solution.

Complying with all the laws regarding payroll is no easy task. There are numerous federal and state laws that are applicable to the payroll. Some of them include the Fair Labor Standards Act, the Federal Insurance Contributions Act and the Equal Pay Act. Payroll firms help small-sized businesses get through these regulations in a secure manner and meet all legal and tax regulations.

Time spent on payroll management is another issue. This includes calculating and signing paychecks, distribution of them, as well the filing of tax returns at the close of every year. Payroll companies give business owners the time they need to handle the other critical issues, and ease from the strain of running processes for payroll. Employees will be paid reliably and with accuracy, meaning they won’t need to fret about the possibility of missing wages. The other great thing about payroll companies is the fact that they can be scalable and able to provide excellent service as a business grows or goes multi-state, all even as the cost of payroll decreases. A lot of small-sized businesses consider these companies indispensable.

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