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Payroll
Managing your Business Payroll Expenses
Payroll bookkeeping, depending on your business, can either be fairly simple or incredibly complex. You may have a few employees paid on salary who work the same number of hours each week, or you may have a business with a complex payroll. Regardless of your situation, our on-site outsourced bookkeeping services can help you easily manage your payroll.
Your Business is Unique
Payroll bookkeeping needs can vary by industry. For example, we understand that restaurants and other service industry businesses can have very complicated payrolls that change week to week. Either way, you need accurate records so that you end up paying the appropriate taxes each quarter.
If you’re a restaurant owner, you probably have back of house staff who work at an hourly rate, on a fairly set schedule (although this still may change week to week). You probably also have front of house staff who work at a different hourly rate and are also tipped. Those tips need to be recorded and calculated into their tax rate, and these staff might have wildly varying schedules. Understandably, managing payroll can be a huge undertaking, especially if you own multiple restaurants.
It Isn’t Always about Money
We’re also familiar with handling bookkeeping for fringe benefits. If you provide your employees with tuition benefits, housing, travel reimbursement, health insurance, or other benefits, you want to make sure that those are properly recorded and accounted for, so that you end up with accurate documentation for taxes. We understand how to record all of these benefits, even if you offer benefits that are a little unusual. You can count on our freelance bookkeeping staff to keep careful records of all payments, no matter how complex.
We also understand how complicated payroll taxes can be, especially if you have a large number of employees with different payment rates and fringe benefits. We’re here to help you prepare all the data you need to file payroll taxes both quarterly and annually, and to schedule those tax payments.
Paying your employees is, of course, a very important part of running a successful business. No matter how passionate your employees are about your work, the main reason they are there is because they need the paycheck. Taking a break every couple weeks to do payroll can be a huge distraction from your other business responsibilities, but you simply can’t avoid it. Handing that responsibility off to Rivas Stanton & Associates means that you can be confident that your payroll bookkeeping will be handled properly, without taking up your valuable time.