The popular adage that “time is money” is particularly true for small business owners. And handling payroll tax obligations can be quite time-consuming. Consider contracting with a third-party payroll provider to alleviate the burden of handling your employment tax obligations.
Most small business owners find the most value in outsourcing their responsibilities to withhold and pay Social Security, Medicare and income taxes. The outsourcing doesn’t have to be an all-or-nothing arrangement—payroll services offer different levels of service. Your decision will likely be based on your time constraints as well as your comfort level.
Ensure a Third-Party Provider Is Up To Snuff
If you decide to go the outsourcing route, take a couple steps to protect yourself: (more…)