we need to talk about payroll
TRANSCRIPT
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We need to talk about payroll
A shout-out to small business owners with better things to do
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Running a small business isn’t like any other job – it’s more like a hundred jobs rolled into one.
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On any given day you might be...
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– Serving customers– Calling suppliers– Hiring staff– Paying your employees– Filing taxes– Mopping floors
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Baking pastries
…and if you’re lucky you might spend some time doing whatever it is you actually do:
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Building websites
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Selling bikes
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Fixing cars
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The point is:
You know what you do best, and it’s definitely not all the other time-consuming back-office stuff that goes with running a business.
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It’s the thing you actually started your business to do.
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One job in particular eats up small business owners’ time like no other.
It’s complex and confusing – and it’s way too important to risk getting it wrong.
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We need to talk about payroll.
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As a small business owner, making payroll is your single greatest priority.
And managing it is hard work – even for the smallest businesses.
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In fact, processing payroll and filing taxes can be really stressful for theperson in charge.
(We’re guessing that’s you.)
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It’s something you need to keep on top of month to month, week to week or even day to day. Ouch.
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You need to calculate employee wages and make sure you deduct the right amounts from paychecks, so you can file the correct federal, state and local taxes.
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That means working out exactly what you owe in social security and medical and other benefits payments, and making sure you get them done right and filed on time.
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And there’s the seasonal or occasional stuff like figuring out how and when to pay bonuses , or adding new employees to the payroll – and making sure they’re set up with the right details for the state they’re in.
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It’s far from ideal – and that’s when things go according to plan.
Then there’s the times when they don’t.
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That’s usually due to: – Late or incorrect payroll payments – Late or incorrect tax filings
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These things can be a real headache to fix – and they can earn you some costly penalties.
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Remember what we said earlier about payroll being a job that not every small business owner excels at? Yeah, that.
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The good news is there’s a better way. One that helps make sure your small business payroll and tax filings are treated with the care they really deserve.
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It’s a simple but powerful idea * that more and more small businesses are embracing…
*a bona fide no-brainer
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Get someone else to do it: Someone who does it way better than you can.
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With payroll services designed for even the smallest companies, you get:
01
from people who live and breathe payroll and taxes
The best guidance
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02
for you and your people
Easy-to-use technology
03
so you avoid surprises (like costly penalties)
Rock-solid compliance
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04
when you need a helping hand (even at midnight)
Payroll support 24/7/365 And a solution that easily scales with your business and developing HR needs.
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Most important of all, it gives you back your time.
For the small business owners we partner with, time is their most important resource.
And it’s usually the one that’s in the shortest supply.
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Time to do more of what you’re best at – and less of what you’re not.
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Time to step back from the front line (or back office) and do the big-picture thinking that helps you run an insanely great business.
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bigAnd here’s a big one – though it may seem like a rare indulgence if you’ve started your own business:
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* Some people fit this into the days between Friday and Monday, non-inclusive – but whatever works for you.
Time * to leave your work at work.
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If you run a small business, you’ve got bigger things to do than payroll. (We don’t – it’s our thing.)
So concentrate on what you do best.
Find out how to make Smarter Small Business Payroll work for you.
Get the guide now.
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Our cloud tools and support services streamline and automate small business payroll, tax filing, employee benefits and HR management – backing you up with proven advice and compliance assistance to help you employ the right people.
If you run a growing business, you’ve got way better things to do than admin and paperwork.
We don’t. This is our thing and we’re awesome at it.
That’s why hundreds of thousands of businesses rely on us every day.
And why we’d love to do it for you.
Let’s talk.
This information is provided as a courtesy to assist in your understanding of the impact of certain regulatory requirements and should not be construed as tax or legal advice.ADP encourages readers to consult with appropriate legal and/or tax advisors.
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