Business Services Manager Kirk Harrison, of Harrison Tax Service, Inc., examines the benefits of using a smaller, local payroll company over a national payroll company.
Paying employees can seem quite difficult and time-consuming for small business owners, due to current laws and the IRS. “In fact, many small business owners spend an average of eight hours a month performing payroll functions,” said Harrison, President of Harrison Tax Service, Inc. “That equals 12 days a year that could be spent generating sales, prospecting new business opportunities, improving products or services, or servicing customers.”
For this reason, Harrison recommends small business owners outsource their payroll to a boutique payroll company that offers, like Harrison Tax Service, payroll solutions that meet a business’ needs and enables it to spend time actually running the company. “Furthermore, outsourcing your payroll to a smaller company, as opposed to a national payroll company, is cost-effective,” added Harrison.
Smaller payroll companies allow small businesses to utilize their staff more efficiently by handling all the payroll and associated legal details. They also enable the business owner to reduce overhead by removing the need to hire specialized employees. “Furthermore, it’s a time-saver,” noted Harrison, whose own payroll service eliminates the burden of customizing, updating and maintaining one’s own payroll system. “This means no more data entry, no more researching updates or new laws, no more worries.”
Smaller payroll companies also eliminate the risks of calculating and filing a business’ own payroll taxes by having professionals do it for them. Small business owners should keep in mind that Federal, state and local payroll tax laws are frequently changing and becoming more complex, and it would require a lot of time and cause stress to learn all the rules and keep one’s information up to date.
“Smaller payroll companies allow you to focus on core competencies, and you also receive a wide variety of user-friendly and accurate payroll reports,” concluded Harrison. “The biggest gain we have against national payroll companies is that we have a person who puts eyes on your account every time you do payroll. A lot of the national companies are leaving you to do the payroll, and you are simply just paying to use their software.”
About Harrison Tax Service, Inc.
Harrison Tax Service, Inc. provides tax services, tax preparation and planning and IRS audit representation, as well as accounting services, including small business accounting, payroll, part-time CFO services, QuickBooks setup and training, and personal accounting. Their motto is “It’s your money, you earned it, you should keep it.” The goal of Harrison Tax Service is to help a business pay as little as possible with superior service. For more information, call (719) 597-2007 or visit http://www.harrisontaxservice.com/. Harrison Tax Service, Inc. is located at 1623 N Circle Drive, Colorado Springs, CO 80909.
For media inquiries, please call the NALA at 805.650.6121, ext. 361.