Submitted 2011-08-31 18:16:44
A day comes packed with only 24 hours so there is only so much a small business owner can do in that time to not only manage his business, but grow his brand and his company, as well. Nor does the small business owner have time to read up on legal and insurance issues, nor IRS issues. This owner will need to outsource some of his most pressing work, like payroll services for small business, for example. Municipalities vary, even within counties, and state requirements differ from those, so the small business owner will need someone who does this full-time and is educated in all the changes. But how to choose?
The Small Business Administration understands this dilemma and has some tips to help the small business owner search for the right outsourced agent. Their advice is to begin with beating the street. Ask other small business owners how they found payroll services for small business. Asking an accountant will net the small business owner an answer, as well. His banker could also help with ideas. Once a candidate is found, however, the small business owner needs to ask a few pertinent questions. For instance, the small business owner needs to know that he, and he alone, is responsible for deposits covering federal tax liabilities. Even if the owner gives the outsourced agent the money for deposit, if the deposit isn't made, the owner is still responsible.
Among the questions a small business owner needs to ask is for references. The owner will need to know the outsourced agent's qualifications, see licenses and know of professional liaisons. Permission to check all this out will be required. After the small business owner has checked out the candidate's credentials, communications will be of paramount importance. The small business owner will need to know with whom he is dealing on a regular basis, and if he can contact them with questions at any time. Another method of communication is secure passage of payroll data. The small business owner will need to know his comms are secure.
Asking the outsourced agent about responsibility should follow. The small business owner will need to know who is responsible for filing your payroll taxes for you, pay any penalties for incorrect filing, and deal with EFTPS payments for you? Do they help with local tax filing?
Charges usually apply with outsourced agents and fees such as per check fees, direct deposit fees, fees for employees out of state, in addition to a fee for having an account with them. Ask about fees and charges. The owner might be able to get a monthly flat fee for payroll services for small business.
Outsourcing important aspects of a small business gives the business owner time to run his business and grow his brand. Leaving technical questions to experts will save him lost time in educating himself, possible fines or jail time for failure to comply, and lost money in searching for ways and means, when an expert could do it.
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By: Jamie Simpson
A day comes packed with only 24 hours so there is only so much a small business owner can do in that time to not only manage his business, but grow his brand and his company, as well. Nor does the small business owner have time to read up on legal and insurance issues, nor IRS issues. This owner will need to outsource some of his most pressing work, like payroll services for small business, for example. Municipalities vary, even within counties, and state requirements differ from those, so the small business owner will need someone who does this full-time and is educated in all the changes. But how to choose?
The Small Business Administration understands this dilemma and has some tips to help the small business owner search for the right outsourced agent. Their advice is to begin with beating the street. Ask other small business owners how they found payroll services for small business. Asking an accountant will net the small business owner an answer, as well. His banker could also help with ideas. Once a candidate is found, however, the small business owner needs to ask a few pertinent questions. For instance, the small business owner needs to know that he, and he alone, is responsible for deposits covering federal tax liabilities. Even if the owner gives the outsourced agent the money for deposit, if the deposit isn't made, the owner is still responsible.
Among the questions a small business owner needs to ask is for references. The owner will need to know the outsourced agent's qualifications, see licenses and know of professional liaisons. Permission to check all this out will be required. After the small business owner has checked out the candidate's credentials, communications will be of paramount importance. The small business owner will need to know with whom he is dealing on a regular basis, and if he can contact them with questions at any time. Another method of communication is secure passage of payroll data. The small business owner will need to know his comms are secure.
Asking the outsourced agent about responsibility should follow. The small business owner will need to know who is responsible for filing your payroll taxes for you, pay any penalties for incorrect filing, and deal with EFTPS payments for you? Do they help with local tax filing?
Charges usually apply with outsourced agents and fees such as per check fees, direct deposit fees, fees for employees out of state, in addition to a fee for having an account with them. Ask about fees and charges. The owner might be able to get a monthly flat fee for payroll services for small business.
Outsourcing important aspects of a small business gives the business owner time to run his business and grow his brand. Leaving technical questions to experts will save him lost time in educating himself, possible fines or jail time for failure to comply, and lost money in searching for ways and means, when an expert could do it.
Author Resource:->??Please visit Ceridian for more information on How to Outsource Payroll
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