Why Every Small Business Should Hire the Services of a Payroll Company

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As a small business owner, you have many roles and responsibilities to keep up with. Knowing which tasks to handle yourself, and which to delegate to others is an important part of managing your business, as well as managing your valuable time. That’s why it often makes sense to hire a payroll service company. Here are several advantages to doing so:

Mark Rowley, Owner
RandR Payroll Services

  • Tax Experts: The IRS has indicated that forty percent of small businesses incorrectly file their taxes or calculate and pay the wrong amount. If a payroll service provider handles the filing and payments for your company, they are responsible for paying all fines and fixing any errors so that you don’t have to worry about it.
  • Industry Know-How: It seems like tax regulations frequently change, making it hard for small business owners to stay on top of all the changes. Unfortunately, this makes it easier to commit errors. A professional payroll company will be aware of these tax code updates so that you don’t have to. This service means you can spend your time building your business instead of getting bogged down in the tedious details of the latest tax code changes.
  • Productive Work: When you hire a payroll service company, you minimize the time you or your employees need to spend managing this task. Your time can then be spent to do more productive activities that are higher in value.
  • Financial Reports: Qualified payroll service teams can run reports that provide insight into your business so that you can better understand how to manage your company. These reports may include summaries on earnings, expenses, payroll by department, timesheets, etc.

When you hire a capable payroll company to help you handle this important part of your business, you alleviate the stress and burden of needing to know every change in the tax code that applies to your business, at both the state and federal level.

For nearly 30 years, R&R Payroll & Bookkeeping Services, has been helping small business owners manage their taxes and business. Call today for a conversation: (951) 296-0412.