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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 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. GP 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, GP 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, GP 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, GP 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 GP 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 GP 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 GP CPA + Gusto will be one of the best decisions you make.
GP CPA offers a wide range of business advisory services that are tailored to the needs of business owners. For those small businesses who need someone to keep the books, we can do that.
Since we now have less than 90 days left in the year, kindly keep me apprised of when you expect the major revenue collections to be during the next few weeks and we can adjust accordingly.
We are approaching mid-year (for those of us on a calendar year…) and enough time has passed that we can reflect back on some of the technology that GP CPA has been using and is no longer using in 2019.
IRS has begun sending letters to virtual currency owners advising them to pay back taxes, file amended returns; part of agency’s larger efforts
IRS has begun sending letters to taxpayers with virtual currency transactions that potentially failed to report income and pay the resulting tax from virtual currency transactions.