“Check with your Accountant”

Can we replace the Accountant with Payroll Software?

Some of the starters are thinking they can get the software to run the payroll and eliminate the need of an Accountant and they can use an accountant to do the tax return at the end. If you are very knowledgeable and experienced, yes it may help.

Most of the online software will cost an average of $60 per month and some of the banks even offer at lower than this rate. But none of the software or the payroll company can give you advice on any of the tax-related questions. If you ask anything to connect with tax, they will be advised you to check with your accountant. If you ask the same questions to your financial advisor or even to the IRS, they will say the same “Check with your Accountant”

What doesn’t mean “Check with your Accountant” and why can’t they answer your questions Because they are not authorized to give you tax advice. In order to give you Advice, that person must have an Authority or certificate from the government. That means those payroll service providers are not qualified, well I can’t answer that question and you should ask them why you can’t give the answers if you have enough experience.

Each business is unique, and the answers can be different for business to business and person to person and that’s why the experienced business owners always use an Accounting firm to do the payroll instead of an online software company. You will need proper guidance not only in the tax return but also needed in the payroll, which only an Accountant can provide

For any business, every penny is controlled, and I strongly agreed to control the expense and the question is which expense can be control and which should not. It depends on the type of business you are doing.

If you are doing a business where your client won’t need to meet you in person, you may not need an outside office until you grow. You may able to hire a virtual office space (which costs around $50 a month) and run from your home. Some of the expense like marketing can’t be eliminated.

Most of the starters pay an average $60 per month for payroll and which will cost at least $720 a year and anywhere from $500 to $1500 to prepare the corporate tax return at the year-end. If they need to make any amendment to the Payroll tax forms, you need to pay again to the payroll software company or hire an accountant to fix the issue.

Our company formed in 2002 and have enough experience in small business payroll and accounting and our fees are fixed and affordable to any small business. Please visit our website for more information on our fee schedule

Our accounting package ( Payroll and Corporate Tax Return) starting at $85 per month for one State and up to 5  Employees and/or contractors and when you complete the full year of payroll service you are eligible to get a Free Corporate Tax Return (Normally charged $250- $750 ) and one Free business consultation (Normally charged $250 - $500). Yes, that is correct $1020 a year can cover all the tax and accounting costs for your small business. For more information please contact us at 630-663-1500