Whether you’re running a small business or growing a large corporation, if you have employees, your team needs someone to manage the payroll services. There are a variety of options for the management of these accounting services, such as outsourcing or hiring an internal team, but many business owners have some general questions about it. Accounting expert, Clark W. Terrell CPA, in Crossett, AR, answers some of the most frequently asked questions below. 

Payroll Services FAQ

What Are the Benefits of Outsourcing?

One major benefit is having more time to focus on specific areas of your business. Whoever manages the books must be good with numbers, so keep this in mind when considering candidates. Furthermore, outsourcing ensures an expert manages the important details and is up-to-date on tax laws and other aspects, so you don’t have to worry about them.

What Should I Look for in Payroll Services?

Above all, find someone who you can trust. An outsourced payroll service will oversee essential details, and they’ll need to handle it accordingly. Do your research, and ask around before choosing a team. Find someone who has a keen eye for detail, as a meticulous person will lessen the risk of errors made. 

How Are Payroll Taxes Determined?

Each employee should fill out a W-4 when they start working since this document will determine the amount of money taken out of their paycheck for taxes. Whoever runs the accounting services, whether internal or outsourced, will input the information, so each paycheck is adjusted accordingly to take out federal, state, and local taxes. 

Where Can Employees Direct Questions or Find Their Paystubs?

If you’re outsourcing payroll services, you can direct your employees to the company’s accountant, who can quickly answer questions. Your payroll service will set up an easy way for employees to view their pay stubs and find other payroll information, typically in an easily accessible online portal. 

If you’re searching for payroll services in the Ashley County and Southeast Arkansas area, contact Clark W. Terrell CPA for a reliable accountant. You can rest easy knowing your payroll services are in good hands. He is the only certified accountant in the area for QuickBooks, the leading software in the industry, and he maintains a hands-on relationship with every client. To learn more about his services, visit him online or call (870) 364-5006 to set up your payroll services.