Payroll Management Choices Louisiana

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

Pickering and Associates Inc
(504) 581-3907
301 Magazine St
New Orleans, LA
Pinnacle Management & Consulting Inc
(504) 738-6722
1827 Hickory Ave
Harahan, LA
Colwell Interest Inc
(318) 442-2284
1111 Main St
Pineville, LA
Pronto Consultants Inc
(504) 522-7270
108 Royal St
New Orleans, LA
Associated Management Interests
(225) 923-2331
9477 Brookline Ave
Baton Rouge, LA
Chavanne Enterprises
(225) 638-8922
111 W Main St
New Roads, LA
Dubois Doug & Associates Inc
(985) 542-5227
14 Fairway Vw
Hammond, LA
Dodgen George
(985) 384-4853
Morgan City, LA
Cannon Resource Management Llc
(318) 213-0840
900 Pierremont Rd
Shreveport, LA
Physerv
(337) 237-1800
515 S College Rd
Lafayette, LA



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.


Related Articles
- 10 Important Facts about Payroll Tax Problems Louisiana
As a business owner or employer, it is your legal duty to pay payroll taxes on any and every employee you hire, including those that just work part-time hours. The IRS claims over $12 billion is left unpaid to them in payroll taxes every year, and they have a habit of being quite aggressive with payroll tax collections.
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- Primer: Employment Taxes Louisiana
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Regional Articles
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- Payroll Management Choices Franklinton LA
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- Payroll Management Choices Hammond LA
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- Payroll Management Choices Houma LA
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- Payroll Management Choices La Place LA
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- Payroll Management Choices Lake Charles LA
- Payroll Management Choices Leesville LA
- Payroll Management Choices Mandeville LA
- Payroll Management Choices Marrero LA
- Payroll Management Choices Metairie LA
- Payroll Management Choices Minden LA
- Payroll Management Choices Monroe LA
- Payroll Management Choices Morgan City LA
- Payroll Management Choices Natchitoches LA
- Payroll Management Choices New Iberia LA
- Payroll Management Choices New Orleans LA
- Payroll Management Choices Opelousas LA
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- Payroll Management Choices Plaquemine LA
- Payroll Management Choices Ponchatoula LA
- Payroll Management Choices Prairieville LA
- Payroll Management Choices Rayne LA
- Payroll Management Choices Ruston LA
- Payroll Management Choices Saint Martinville LA
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- Payroll Management Choices Slidell LA
- Payroll Management Choices Sulphur LA
- Payroll Management Choices Thibodaux LA
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- Payroll Management Choices Walker LA
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Related Articles
- 10 Important Facts about Payroll Tax Problems Louisiana
As a business owner or employer, it is your legal duty to pay payroll taxes on any and every employee you hire, including those that just work part-time hours. The IRS claims over $12 billion is left unpaid to them in payroll taxes every year, and they have a habit of being quite aggressive with payroll tax collections.
- Working with a Payroll Service Provider Louisiana
- Key Elements of Payroll Louisiana
- Choosing a Reliable PEO Company Louisiana
- Payroll Services Louisiana
- Primer: Employment Taxes Louisiana
- Small Business Corner: Avoiding HR burnout Louisiana
- Business Outsourcing Louisiana
- Paying Employee Salaries Louisiana
- Free Internet Payroll Forms Louisiana

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