As a small business owner, you’re good at what you do. You’ve built your business from the ground up. You know how to make your customers happy. It’s the paper-pushing that gets you down.
One of the conundrums of owning a small business is learning how to manage all the administrative “stuff”. Building your business can get muddied with complicated and ever-changing taxes, laws, and regulations. Payroll, in particular, can be confusing and time-consuming.
We understand. Anymore, running payroll goes beyond paying your employees for a good day’s work. There are payroll taxes and IRS forms that you need to send to the right people at the right time. And because no one business is the same, your payroll needs are different from the next company’s.
Of course, you can tackle your payroll all by yourself, but you’ll need to invest time in learning the ins and outs of running payroll correctly (and time is money). You also run the risk of getting your payroll wrong, exposing you to unnecessary risks. And, who wants that?
There is a better way to go. With basic online payroll software, you have the freedom to pay your employees from almost anywhere. Online payroll programs are generally comparable in price, or sometimes less costly, than traditional desktop software.
Benefits of online payroll software
There are benefits to having your payroll online:
- No downloading means no extra programs gobbling up memory on your computer.
- All data is stored outside your computer. If there is ever a computer malfunction, you don’t lose your payroll records.
- Tax table automatically update.
- Software updates and enhancements occur automatically.
- You can log in from any computer (with Internet connection).
When looking for a payroll software program, be sure payroll calculations are guaranteed to be correct. Customer support should be included in your payroll program and provide help when you need it, without charge.
Full service payroll programs
Full service online payroll is the new generation of payroll services. You save money by entering employee hours into an online payroll software application by yourself. At the end of a pay period, you can pay your employees by direct deposit, printing paychecks, or hand writing checks.
The online payroll company files and deposits all your federal, state, and local taxes. (Patriot Software includes local payroll tax filings with their service. Be aware, not all payroll companies will.) The online payroll company may also remit and file Form W-2 and Form W-3.