Payroll for Small Businesses

Many small business owners try to do their own payroll, because it seems so easy to do. They cut checks to pay their employees, and go about their day running their business. The problem is that they forget about the federal and state income tax deposits that need to be met. The rules for these deposits vary depending on the size of your company's payroll liability.

This is where a payroll provider can save headaches and money for the business owner. The payroll provider will take care of calculating the payroll for employees, print the checks, make the required tax deposits (and other deductions such as child support), and file quarterly payroll tax returns, as well as handle W-2s for all employees.

Payroll providers provide a level of relief to business owners that can help the business owner to concentrate on running their business instead of dealing with paperwork and government entities. Paying a small fee to have a payroll provider handle your payroll is much cheaper than paying fines and penalties for not doing things right, filing to make tax deposits, or failing to file timely payroll tax returns.

MasterType Accounting & Business Services, P.C. provides payroll services to United States businesses with up to 500 employees. If you have a need for payroll services, or are unhappy with the service you are receiving from your current payroll provider, please feel free to contact us. We can be reached via email at mastertype@mabspc.com.