Saying 2020 wasn’t easy is probably the understatement of the year. However, some small businesses fortunate enough to have survived the effects of the pandemic should consider making changes now. That’s because the “changes” we’re about to mention can result in a big payoff later. For example, many small businesses believe having a smaller staff means that payroll is easier and can be done in-house.
The truth is, not so much. No matter how many employees you have, all the hoops, hurdles, and bureaucratic procedures remain the same. Every segment of your business will require attention. Running payroll in-house can be a recipe for making a costly error or a potential audit if not done precisely right!
Little Things Mean A Lot
You may think automating payroll or switching payroll providers is a lot of work. In fact, it’s not. Automating payroll is a lot easier than you might think. Especially at this time of year. Why? In the new year, there are typically no carryovers from the previous year to file or rectify. That makes for a much faster and easier transition with little to no paperwork. Plus, when you automate payroll, not only do you alleviate the burden of managing it on your own, but you get the peace of mind of knowing there’s no human error – so payroll is processed right, every time.
Starting Now, For Next Year
Face it, no one likes dealing with taxes. The only thing easy about taxes is just how easy it is to make a mistake! A perk of using Fingercheck is having your year-end filings managed for you. And if you’re one of the many businesses that received a loan as part of the Paycheck Protection Program, (PPP) or plan to, we have a built-in tool that calculates loan forgiveness amounts.
Getting a handle on these important tasks is essential to starting 2021 off the right. So, if you’re a small business, this is the year to think big and simplify common tasks like these. Contact us today and try us risk-free. Thanks for reading and happy New Year!