As your business grows, so does the need to hire more employees. In times of positive momentum, you should be focusing on meeting your next goals, not on HR duties like payroll. Even if your company only has a few employees, calculating withholdings, overtime, and bonuses isn’t likely to be the most valuable use of your time as a business owner.
Trying to take on the task of payroll on your own could put you at risk of late tax filings, IRS penalties and fees, and annoyed employees. Instead of figuring out everything on your own, hiring an accounting firm to take care of your payroll services for you can save you time and stress, and keep your employees happy.
Duffy Kruspodin, LLP has been providing trusted payroll services in Los Angeles for more than 25 years. In that time, we have worked with companies and organizations in every size and industry. Our team of experienced tax accounting professionals is committed to helping our clients plan for the future success of their business.
With some basic information about your employees’ hours and wages, we can take care of the filings, calculations, forms, and other payroll headaches for you. Besides taking away a major business owner headache, here are three reasons to hire Duffy Kruspodin, LLP to take care of your payroll services.
Stay Compliant, Without a Second Thought
Calculating payroll taxes can become complicated and if done incorrectly, it can cause serious trouble for your business. The IRS penalizes one out of every three business owners for payroll errors every year—so it is important that you do it right.
With every W-2 employee you hire, you are required to pay a certain percentage of their income to local, state, and federal taxes. There are also Social Security and Medicare taxes, as well as the Federal Unemployment Tax Act (FUTA) and State Unemployment Insurance to calculate as well. In addition, you have to prepare the W-2 forms and 1099s for each employee and yourself at the end of the year.
A payroll service like Duffy Kruspodin, LLP takes care of all that for you. Because we have experience with payroll tasks, you can be confident that your bookkeeping will be accurate and error-free.
Focus on Your Business
By giving the responsibilities and obligations of payroll to an accounting firm, that frees up your time as a business owner to focus on more important business pursuits to keep your business moving forward. Instead of focusing on the menial tasks associated with payroll, you can devote more time to developing and managing your business.
Our expertise allows us to quickly take care of your payroll needs and give you more time to focus on what you do best and what matters most for your business’ success.
Keep Your Employees Happy
No need to worry about having the IRS coming after you over a payroll error or having an employee unhappy due to a mistake on their paycheck either. Our team of experts is dedicated to providing quality service to your team so that your employees can trust that they’ll get accurate paychecks on schedule. We can also make it easier for them to get paid and track their income if they choose to enroll in direct deposit or online reporting.
When your employees are happy, and aren’t stressed about when their next paycheck will come (and if it’ll be for the right amount), they’ll be more likely to focus on their work, which benefits your company all around.
Don’t let payroll duties slow down your business’ success. Professional payroll preparation services improve your productivity and reduce your stress. It’s a smart move for you and your business. If you are looking for Los Angeles payroll services, contact Duffy Kruspodin, LLP by calling our Los Angeles location at 818-385-0585. We look forward to the opportunity to give you back the freedom of focusing on your business and being a trusted advisor in your positive momentum.