Payroll

Accountant & bookeeper guides > Payroll

Hiring staff should be an exciting time for your clients. It’s a sign of business growth and, for some entrepreneurs, fulfills a goal to create jobs. But payroll compliance often brings those business owners back down to earth with a thud.

There’s a lot to keep track of, including pay rates, leave entitlements, time-recording, taxes, and on-time payment. It’s painstaking work and a mistake at any step can land businesses in hot water.

Savvy advisors can help their clients sidestep many of these payroll pitfalls, while adding a new revenue stream for their practice. Set your client up with the right payroll system and it will automate much of the work for you. You can maintain the system on behalf of your client, to make sure everything happens as it should. Most business owners will want the added peace of mind.