Your employees are your company's most valuable resource, and they expect a payroll system that is accurate and efficient. Serving High Point, NC, Hal Surratt CPA is an accounting and business consulting service that has been assisting clients with their payroll needs for over 14 years. These experts are personal CPAs for small business owners, and they say you have a few options to consider when it comes to handling your business’s payroll. 

Handle Payroll Yourself & Do It By Hand

Some employers choose to handle payroll responsibilities themselves with all payments made manually. This requires you to carefully keep track of all hours worked, and it's an approach that’s best suited for small companies with only a few employees. Accounting specialists say that handling your company's payroll in this way has the advantage of being a low-cost solution for your payroll needs. However, it requires a big time investment every pay period and may be too tedious for some small business owners.

Handle Payroll Yourself Using Payroll Software

With this approach, the business owner retains control of the payroll process, but the task is automated for speed and simplicity. Hours worked are entered into the payroll software, and this information is used to calculate paychecks and taxes owed. Accounting experts say this approach is best suited for business owners who want to be in charge of the payroll process while utilizing a system that is quicker and more accurate than the manual method. 

Outsource Your Company’s Payroll

With outsourcing, an outside company is hired to assume all payroll responsibilities. Employee hours are reported to the outsourcer, who uses this data to calculate paychecks and taxes. This approach works well for large businesses, but it can be costly. 

Hal Surratt CPA offers payroll services that can be tailored to meet the needs of any business. These High Point accounting professionals have the experience and the insight to provide care that is meticulous and efficient. Learn more about how these CPAs can assist you with your company's payroll by calling (336) 861-4024, or visit them online to view their full range of services.