Running a small business requires making big decisions, including whether to hire a payroll service. If you’re considering whether or not to outsource help, use the information below to guide your choice. Here’s how assistance with payroll can help you meet bookkeeping, tax, and legal responsibilities to maintain a successful enterprise.

1. Process Payroll Efficiently

Paying your employees correctly and on time goes a long way in keeping them happy to work for you. Hiring a high-quality payroll service ensures paychecks have the correct number of hours worked and the right amount of deductions for each employee. A service ensures that checks are distributed and deposited dependably. With this task under control, you’re free to give more attention to customers or clients.

2. Avoid Tax Errors

Even small errors in federal, state, or local tax computations can lead to costly penalties. By using a payroll service, you avoid making mistakes such as miscalculation of Social Security or Medicare taxes or local income tax deductions. If these or other errors occur, you have someone to hold accountable for related expenses you incur.

3. Maintain Employer Compliance

Federal and state laws require employers to post several notices related to wages, hours, and employee rights. Choose a payroll service that will keep your documentation up-to-date regarding payment regulations and posting requirements. The company will ensure you and your employees always have the correct legal, labor, and tax information available and displayed properly.

The certified public accountants at Gillette & Associates, LLC offer top-quality payroll services backed by more than 20 years of experience. These seasoned business accounting professionals know payroll and tax laws and the importance of accurate record keeping. They ensure their clients meet financial obligations to employees and the government. Stop worrying about whether you’re doing payroll right; visit them online for more about their full range of services, or call (608) 784-8355 to schedule a consultation.