Paying employees should be an easy thing to accomplish as a business owner, but typically, it never is. In fact, when you think about paying your employees, the people who are hard at work for you every single day, you probably get a headache. The problem is that the various tax laws and the IRS code have payroll a difficult thing to do for businesses.
Did you know that the average business owner spends over one day a month trying to get payroll functions accomplished? If you think about it, that is almost two weeks a year spent on payroll! The person responsible for this is usually an accountant or human resource professional who probably has other tasks that need to be done during this time.
Lucky for you, Borshoff Consulting can help you out in this area. We actually have payroll solutions that will meet your every need. While you allow us to take care of your payroll functions, you can be spending time doing what you do best – running your company. This means that you can generate new leads, produce new products and/or services, serve your potential and loyal customers and clients, and pursue other new business opportunities.
The Benefits of Outsourcing Payroll
So, why should you outsource your payroll? There are many reasons. First of all, outsourcing is cost-effective. You can utilize your employees in a more effective manner, freeing up their time to make sales, retain loyal customers, gain leads, and achieve the goals you wish to accomplish. You can also reduce overhead by using your valuable employees in better ways.
The second way outsourcing payroll can benefit you is with time. We make it possible for you to avoid the grief associated with payroll functions. No longer will you have to worry about customizing, updating, creating, and maintaining an individualized payroll system. We take care of the data entry and maintenance of a payroll system, so you no longer have to.
This means you no longer have to stress about keeping up with the latest payroll laws – a headache that plagues many small business owners! Laws change all the time, and if you don’t keep up, you can fall far behind very quickly. With our payroll system, you don’t have to research what’s new or keep up with legality issues that may affect payroll. We do it all.
A third way that outsourcing payroll can make a difference in your life is by making sure that you are up to code on tax law. Plus, we take care of your payroll taxes, so you aren’t required to any longer. There are federal, state, and local taxes that you must worry about when you have your own business. Allow the tax experts to take care of this for you.
Give us the opportunity to take care of your payroll issues and the legality that comes with them. We’ll take this stressful function out of your hands and make sure it is done correctly. This way, you can focus on the core competencies of your business and stop worrying about things that our accounting professionals can do for you.
We provide you with a wide range of customized payroll reports. Our reporting system is user-friendly and helpful to our clients. We can even include union reports, workers’ compensation reports, and more. Our reporting system will be something you can easily get comfortable with, and you can log in to your payroll system at any time.
Borshoff Consulting Payroll Options
1. Comprehensive Payroll Service
We offer three customized payroll options for you to choose from. The first is our comprehensive payroll service, which includes everything you need to get your payroll processed the right way. This means your payroll checks are processed and printed on time, every single time. We meet all the encoding standards established by the Federal Reserve System.
We even offer direct deposits, tax reporting, EFTPS tax deposits, and easy-to-understand monthly, quarterly, and annually processed payroll tax reports. This includes all of the tax forms you need for your business. All of your payroll records will be organized and managed in an efficient manner, so you no longer have to worry about anything that’s related to payroll.
2. After-the-Fact Payroll Services
Next up is our After-the-Fact Payroll Services. We will manually prepare your payroll reports, records, and other information and post this in our system so you get accurate tax reporting, EFTPS tax deposits, all of the tax reports you need, and much more. We even take care of detailed reporting of your employees’ sick days, vacation days, and personal day accruals.
3. Online Payroll Processing System
The final gem in our collection is the Online Payroll Processing System. With this beauty, you can enter all of your payroll information online and instantly get payroll checks, deposits, tax reports, EFTPS tax deposits, and the maintenance of all of your payroll records in record time. You can print what you want on your own printer. We take the guesswork out of the picture.
Make the Right Decision Today…
With the government always expecting an endless supply of requirements met, we make sure you have the right reports available. We do your workers’ compensation audits, Social Security audits, child support audits, unemployment claims, W-2 and W-3 processing, 1099 and 1096 processing, and the preparation and/or assistance in filling out other federal and state registration forms.
To find out more about what we can offer you, make sure you schedule a free consultation with us. That way, we will have a complete picture of your business and how we can best help you! Let us handle the dirty work while you enjoy growing your business! You can trust Indiana’s tax expert to do the job the correct, fast, and efficient way.