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If you are reading this article, there is probably a good chance that you’re already aware of the many benefits that outsourcing payroll can offer. We probably don’t need to tell you about the fact that outsourcing payroll can increase efficiency, or that it can eliminate the risk of being fined thousands by the IRS for non-compliance. The question you’re probably asking yourself now, however, is what company can... -
IRS Fine on Public School Illustrates Importance of Payroll
An ongoing public dispute regarding payroll tax fines appears to be coming to an end–but it hasn’t been pretty. In February, 2016, the Three Forks school district voted to pay roughly $37,000 in fines related to a routine audit that revealed errors in the school’s payroll reporting. This $37,000 actually represents a significant discount, as the original fine was nearly $50,000! Despite this generous “discount” that the school district... -
Comply With All Payroll Regulations – Stress Free!
If you’ve ever tried to do your own payroll as a small business owner, you are most likely aware that the United States Department of Labor lays forth dozens of rules and regulations regarding payroll. Complying with these rules is serious business, so doing payroll right is a time-consuming process that requires both careful work and consistent research. Additionally, state and local governments sometimes add additional regulations—further complicating an...