As a business owner, you understand how important it is to stay on top of payroll tax procedures. You definitely do not want to get into hot water with the IRS because of a payroll tax problem. Did you know that issues arise with the IRS quite often? In fact, the IRS assesses more then eight million penalties per year. These penalties are handed down due to delinquent or incorrect remittance of Federal payroll taxes.
So, what can you do to make sure you are properly following payroll tax regulations? Consider using a payroll processing services such as Paychex. More than 500,000 small business use Paychex. The use payroll, employee benefit products, and human resource services provided by this company to help their businesses run more smoothly.
Payroll tax and other payroll accounting processes can be handle by this company in a safe and efficient manner. The company can help you avoid penalties. Did you know that approximately 48 percent of those business owners that received payroll tax penalties did admit that the penalties were valid? Avoid getting yourself into that situation, by using payroll tax services provided by Paychex.
The company can also help you with other payroll services. Paychex has an automated system to track time and attendance. This system will let you recover lost time by closely tracking the actual time your employees spend on the job.
Paychex offers mobile apps for iOS, Blackberry, and Android. This will allow you to view and update payroll, benefits, or other services while you are out of the office. This will definitely let you be in control.
Do not let payroll tax issues take a bite out of your business. Automate your employee time and attendance system for better productivity. Get your payroll tax, payroll accounting, and other employee plans in line so you can concentrate on growing your business.