Posted December 2nd, 2014 by bbsadmin & filed under Human Resources.
Payroll refers to making payments to employees. However, payroll is much more complicated than simply sending off a check. You need to ensure that you are withholding an appropriate amount of money from the checks that you send out to each of your employees so that you can pay federal income taxes. PayrollThese taxes must be paid as you go in order to remain in compliance with Internal Revenue Service regulations and it is the job of employers to pay these taxes and to send the appropriate amount of money to the IRS.
Because of the complications associated with withholding an appropriate amount of money from employees, it is advisable for employers to have a professional service assist them with payroll. Better Business Services can help you to get your payroll process set up and can handle your payroll for you so that you do not have to worry about the accounting and you can focus on your business.
Call BBS today to learn more about how we can create the right bookkeeping system for your business. (801) 419.0403. Like us on FaceBook, follow us on Twitter.