A resident of Redwood City, California, Sara Haderle previously worked as a district manager for Automatic Data Processing (ADP) in San Francisco. In this capacity, Sara Haderle sold accounting and payroll services to small and medium-sized businesses.
Payday is often the highlight of an employee’s month, but this isn’t necessarily true for small business owners, since it means running payroll. Most small businesses benefit from having some sort of payroll software, unless they only hire independent contractors. Since independent contractors are self-employed, small businesses do not need to worry about taking out taxes or making other calculations for these payments. All they must worry about is getting the contractor paid.
That being said, businesses do not always have a staff that exclusively consists of independent contractors. When paying employees, or even when business owners pay themselves, they must calculate payroll taxes. These taxes change according to state, federal, and local regulations, so automating the process with payroll software helps business owners make fewer mistakes when paying themselves or other employees.
In addition, payroll taxes must be filed at varying times to maintain compliance. Without payroll software, business owners must remember these deadlines and be aware of any changes that affect the timing for filing such taxes.
Aside from reducing payroll mistakes, businesses can also benefit from payroll software since it saves owners a good amount of time. Managing payroll each month can take between 1 and 5 hours, not including year-end tax preparations. Payroll software reduces this amount of time and frees business owners up to complete other tasks necessary for operating and growing their companies.
Payday is often the highlight of an employee’s month, but this isn’t necessarily true for small business owners, since it means running payroll. Most small businesses benefit from having some sort of payroll software, unless they only hire independent contractors. Since independent contractors are self-employed, small businesses do not need to worry about taking out taxes or making other calculations for these payments. All they must worry about is getting the contractor paid.
That being said, businesses do not always have a staff that exclusively consists of independent contractors. When paying employees, or even when business owners pay themselves, they must calculate payroll taxes. These taxes change according to state, federal, and local regulations, so automating the process with payroll software helps business owners make fewer mistakes when paying themselves or other employees.
In addition, payroll taxes must be filed at varying times to maintain compliance. Without payroll software, business owners must remember these deadlines and be aware of any changes that affect the timing for filing such taxes.
Aside from reducing payroll mistakes, businesses can also benefit from payroll software since it saves owners a good amount of time. Managing payroll each month can take between 1 and 5 hours, not including year-end tax preparations. Payroll software reduces this amount of time and frees business owners up to complete other tasks necessary for operating and growing their companies.
