Payroll Management Choices Canton GA

The task of managing your company's payroll can be delegated to a staff member, managed by your accountant, or outsourced to a payroll service provider-a company that contracts with your business to handle payroll details, including check generation, tax filings, and compliance with government regulations.

Local Companies

TimePlus Payroll
(770) 998-5790
500 Colonial Center Parkway
Roswell, GA
Jenkins Consulting Services Inc
(770) 704-0330
Canton, GA
Worldwide Management & Consulting
(770) 345-0233
270 E Main St
Canton, GA
Buchanan Companies Inc the
(229) 889-9040
Albany, GA
CEO Alliance the
(404) 875-4451
Atlanta, GA
Aznz
(770) 941-7695
Mableton, GA
Appel Associates
(404) 851-9545
930 Manchester Pl NW
Atlanta, GA
Score
(706) 793-9998
3140 Augusta Tech Dr
Augusta, GA
Mortgage Bankers Association of Georgia
(478) 743-8612
1239 2nd St
MacOn, GA
Berling Associates Inc
(404) 365-9836
550 Pharr Rd NE
Atlanta, GA



The task of managing your company's payroll can be delegated to a staff member, managed by your accountant, or outsourced to a payroll service provider-a company that contracts with your business to handle payroll details, including check generation, tax filings, and compliance with government regulations.

The following breakdown of each method's advantages and disadvantages can be used to help you decide which is right for your company.

Internal management by staff member(s)

Advantage:
  • Highest level of control over payroll issues
Disadvantages:
  • Requires staff expertise in multiple areas
  • Greater opportunity for error
  • Company is directly liable for IRS filing errors
  • Actual cost is often higher than expected due to additional man-hours invested in payroll-tax preparation and filing
  • Companies often reap greater value from staff member's time being devoted to core business issues


Accountant

Advantages:
  • Management by financial expert
  • Offers more control than payroll service provider, less than internal staff member
Disadvantages:
  • May be unable to manage payroll add-ons such as 401(k) plans and direct deposit
  • Often more costly than internal management or payroll services
  • May take more time to prepare payroll documents than payroll service providers


Payroll Service Provider

Advantages:
  • Payroll expertise: these companies are familiar with all necessary tax and regulatory issues
  • May be able to provide additional services such as 401(k) and direct deposit
  • Controls your payroll processing costs by setting a standard fee
  • May take financial responsibility for fees and penalties resulting from payroll filing errors
Disadvantages:
  • Restricted opportunities to make adjustments to payroll amounts
  • One step removed from tax filing documentation


The decision to outsource or not may also come down to cost. To find out which payroll management option is most affordable, estimate the number of hours you or your employees spend calculating and preparing checks, computing and filing tax forms, and preparing additional payroll documents such as W-2s or direct deposit information.

Add to this figure the time spent correcting IRS filing errors, then multiply your total by an hourly wage that represents the value of your and your employees' time. Compare this figure to the cost of having your accountant manage payroll (based on his/her hours and fees) and to a payroll provider's fees.


Featured Local Company

TimePlus Payroll

7709985790
500 Colonial Center Parkway
Roswell, GA
http://www.timeplus.com

TimePlus® Payroll, a national leader in payroll, tax filing and benefit services, offers clients a unique combination of advanced technology and personal attention that’s setting new industry standards for reliability.

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