Tax Season Update! Colorado will not be accepting business or individual tax returns until February 15, 2024.
Small Business Payroll Services Fort Collins CO
Many business owners do not imagine themselves spending hours doing payroll for their employees. Payroll, accounting and bookkeeping, are important things to get in place and managed professionally upon starting a business. Managing a business payroll is complicated and you’ll discover a lot of challenges when taking on this task. If you are now actively looking for the best small business payroll services Fort Collins CO has to offer, then you are in the right place.
The best small business payroll services Fort Collins CO has to offer.
Processing payroll involves much more than simply handing out regular paychecks. There are taxes, deductions, changes in payroll laws, year-end documentation, and more to worry about. Those headaches stop here with Rodahl CPA payroll services.
Under or overpayments
The most common challenge small businesses face when managing their payroll is underpaying or overpaying their employees. Payroll mistakes can be costly, both in terms of time and money. Managing your payroll while focusing on your clients can lead to these errors. The typical business owner has a lot of tasks to manage. By hiring Rodahl and Company CPAs, your small business payroll gets taken care of consistently.
Classifying your employees correctly is important. It is not just a matter of avoiding a mistake, but it is essential for their eligibility for government benefits and other employee benefits. This is only one of the many details that must be accurate.
Dealing with the IRS means serious business. Your payroll must track the correct employee and employer share of your employee’s taxes. You must also file payroll taxes correctly and regularly. Small business owners should be aware of the tax requirements and ensure due diligence in reporting them.
Updated employment law knowledge
It is important to have an updated understanding of employment laws. For example, salaries, wages, and overtime topics all have state and federal laws to follow. As a small business owner who focuses on your clients, it can be difficult to keep track of these rules, laws, and updates.
Recordkeeping, confidentiality, and privacy
Managing your payroll requires you to emphasize the security and privacy of the data you have. With every great innovation and technology comes the threat of breach of privacy issues. According to a study done by the Aite-Novarica group, there is an estimated 42% increase in identity-related losses from 2019 to 2020. Keeping your employee records confidential and making sure privacy requirements are met are important. This is a huge challenge for small business owners in Fort Collins who are working on their payroll, perhaps on a home laptop.
Deadlines are important in managing your payroll and keeping up with those deadlines can be a challenge. Small business owners are masters at wearing multiple hats in their businesses. Their main focus is always growing their business and providing excellent service to their clients. Small business owners looking to grow their business need payroll services to ease their workloads and meet important deadlines.
Overcome these challenges with small business payroll services Fort Collins CO has to offer. Let a professional handle your small business payroll needs. We help you with our expert payroll service while you focus on the things that matter to your business.
Rodahl & Company LLC Certified Public Accountants have been providing individuals and small businesses with comprehensive accounting, payroll, and tax services since 2000 in Northern Colorado - Fort Collins, Greeley, Loveland, and more. Our clients have been with us for over a decade. This is a testament to our excellent service and the help we provide them, such as business foundation services, BOSS™ business services, business consulting, full-service payroll, accounting, tax planning & preparation. We want to help you achieve your financial objectives. We provide accounting solutions for service-based businesses; restaurateurs; farming and ranching; construction industry; alcohol industry; retail; medical; and not-for-profit. Contact us now to set up an appointment.
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