Wouldn’t it be nice to have a team of payroll experts take a chunk of administrative burdens off your plate?
Specialists are always better than generalists, right? They say a jack of all trades is a master of none. Here are a few good reasons why you need a team of payroll experts on your side:
- There are nearly 75,000 pages of the IRS tax code.
- There are about 4,000 annual changes to federal, state, and local tax codes.
- Nearly 40 to 45 percent of all small businesses incur tax penalties each year.
Do you or an HR generalist have the time ensure your business is compliant with current tax codes? Payroll is complicated, meticulous, and time-consuming. Most businesses just let an expert or specialist get the job done.
As a business owner, compliance might be a scary word, or maybe headache inducing. What, with ever-changing local and federal laws… It’s not like they’re making it easy on anyone.
The figures above show just how difficult it is for small businesses to remain compliant with current laws and tax codes. Mistakes or misunderstandings can be costly for your business so it’s more effective to hire payroll experts.
It’s also important to hire payroll experts that have experience in your industry. You could hire someone who’s trained and worked in your industry before. Or, you can partner with an organization like a PEO. Having experienced payroll experts on your side will help you catch opportunities to improve things, see something that a novice doesn’t see, and actually help your business grow to impact your bottom line.
Employers Resource Has a Team of Payroll Experts for Your Payroll and Tax Service Needs
Employers Resource specializes in payroll and HR services for small to mid-sized businesses. We have our own teams of payroll experts that work with businesses like yours every day. And in our company, you won’t be redirected through a call center. We assign each of our clients a payroll specialist and a client service coordinator who you can call anytime you have questions or an issue arises.
We keep up-to-date on all federal and state tax code changes as well as any other government regulations that might apply to your business and we’ll keep your business current. We often share information through this blog or your client service coordinator will send this information directly to you.
PEO companies also have shared liability with your business. So your worries are our worries. We do everything possible to keep costly litigation away from your business. What is a PEO company? Click here to learn more or click the link below to learn about our payroll and tax services.