Payroll with GUSTO!

by | Jul 19, 2018 | Blog | 0 comments

Payroll is often a thankless task for business owners. Whether your payroll is hourly, salary, organized, or chaos, it is still a time consuming endeavor. There are federal laws, state laws, local ordinances, and regular changes at every level. Specialized industries also have their own quirks that affect payroll in large and small ways, which can often mean expense specialty payroll software. On top of all those issues with payroll, there has to be some system in place to gather the information needed to actually produce net checks electronic payments for employees and taxes. While the IRS and many states offer online (and no-cost) payroll tax payment options, these options require substantial planning in which the business owner is always working backwards from a payroll tax or form due date. Missing a payroll tax payment or form filing can be an expensive nightmare for any business owner, regardless of the how/why it happened. Just dealing with the IRS or some state agency is often as productive as watching paint dry.

In order to avoid all of the complications that can arise from in-hour payroll processing, many employers have outsourced their payroll processing entirely. GMP CPA’s experience has found that many small businesses’ are unhappy with their major outsourced (i.e. nationwide payroll/HR companies) payroll service provider and would love to switch to something cheaper, better, and easier. Over the past several years, GMP CPA has tested several different payroll softwares and payroll companies in the quest to find the best option for our clients. It is not an exaggeration to say that we are always on the hunt for software or ways to make our clients’ (and our lives, too) businesses perform more efficiently and payroll software was always the top item on our list. As a contrast, GMP CPA has been using Xero for all of our accounting needs since 2013 and they still have the best accounting platform out there.

For payroll, GMP CPA has tested and used nearly 20 different payroll platforms/softwares since 2013. And finally in 2017, we found (kinda late, by our standards) the one payroll platform that offers nationwide payroll processing with just the right balance of functionality and cost: Gusto. As a payroll/HR company, Gusto meets all of our clients’ needs and makes the pain of running payroll melt away without charging an arm and a leg. Of course, we recommend using Gusto in conjunction with GMP CPA as your advisor, although they have made the ultimate do-it-yourself payroll platform so that no professional help is needed. Check out Gusto and let GMP CPA advise you on the best way to get the most out of your company’s payroll. If you want to save time and money, the personal touch of GMP CPA + Gusto will be one of the best decisions you make.

MORE ARTICLES FROM OUR BLOG

What the Section 199A is about in new Tax Cuts and Jobs Act tax reform

Dear Landlords & Real Estate Titans: The Tax Cuts and Jobs Act tax reform added new tax code Section 199A, which created a 20 percent tax deduction possibility for you if your rental property (a) has profits and (b) can qualify as a trade or business. As the law...

GP CPA Client’s Letter – May 2019

Dear Client: It was good seeing you both again. Each time we meet the numbers and growth are getting better and better. The key items we spoke about during the meeting are as follows: The 2018 personal taxes due, totaling about $20K, were a "best case scenario"...

How do I become an S-corporation?

S-corporations (“S-corps”) are the technical term for the federal tax election, aka IRS Form 2553, and are named after their place in the IRS code, subchapter “S.” S-corps are generally limited to two specific business entity types, a limited liability company (“LLC...

Extension season continues…

GP CPA recently had an opportunity to speak with Tina Orem, author and journalist at Nerd Wallet, about personal income tax extensions. While we don’t write as eloquently as Tina, we do speak the same language, taxes. Tina asked some important questions about...

Cost segregation

Dear GMP CPA Client: Cost segregation is the magic sauce that breaks your real property into its components and some of these components can depreciate much faster than the typical overall standard 27.5 or 39 year periods. This magic sauce is brought you courtesy of a...
Tina Simmons
Tina Simmons
13:38 17 May 19
This team is dedicated to their clients and committed to understanding your business and sharing their knowledge to help you succeed. I love working with these folks, they take the worry and uncertainty out of accounting and taxes!read more
Bravo4 Autowerks
Bravo4 Autowerks
12:55 08 May 19
Gary and his team have been fantastic for me and my business. They respond well to all my questions, are very helpful and of course keep my financials in order. Highly recommended.read more
Queen City Newborn Care
Queen City Newborn Care
15:57 02 Apr 19
I was drowning before I met Justin. He totally transformed how I run my small business and has gotten me organized in ways I didn't even know were possible. I am so grateful for his advice and suggestions! This company is worth every penny.read more
Dennis Bloomberg
Dennis Bloomberg
16:01 26 Mar 19
Unfortunately, I found GMP when my mother passed. She had a trust set up and I had no experience with one. I received excellent advice prior to filing taxes, that allow for the transfer of assets with little tax implication. The tax process was simple for me, Justin took over once he had details and cleared up all question from filing our taxes. Thank you for a job well done!read more
Natalie Knight
Natalie Knight
15:35 21 Nov 18
Prusiensky CPA is up to date on technology. They handcraft a platform that works best for your company's accounting services. We really appreciate how hands on and quick their team is when replaying to any type of correspondence. Simply put, they care and want your company to succeed.read more
Ashlyn Lelej
Ashlyn Lelej
14:39 21 Nov 18
I highly recommend Justin at Prusiensky, CPA for all of your accounting and tax needs. I've been a client for over two years, and have been consistently impressed with their dedication to helping my business grow and be financially successful. His advice is invaluable. Thank you!read more
Bobby Nguyen
Bobby Nguyen
22:23 20 Nov 18
My partner and I started our very first small business last year. Justin has been a blessing to us. Being new at all of this, we didn’t understand much of how business taxes work. Justin explained and answer all of questions that we have. He took care of everything for us throughout the year and have made life so much easier for us. I couldn’t have asked for a better CPA. Highly recommended!read more
Next Reviews

CATEGORIES

Extension season is coming...are you ready?
A midyear checkup with GMP CPA