Tuesday, May 11, 2010

Payroll tax and Small Business Owners

As a small business owner and attorney, I strongly recommend the use of payroll companies versus accountants. The reason is simple to avoid tax liabilities, which is a huge problem for small business owners. The payroll tax company such as ADP or Paycor, which have a power of attorney (limited) and assume the payroll responsibility such as filing out payroll tax returns. Your responsibility is to make deposits into a proper payroll account. The bottom line is payroll tax liability is a huge liability, which kills a lot of small business owners. Take words of wisdom and pay $40 to $50 per month and leave the payroll filings and payroll responsibilities up to the professionals. Accountants are not good because many small accountants do not have proper payroll policies and procedures in place unlike the bigger, more established payroll companies.

Robertson Law Group, LLC
(312) 498-6080 or (630) 364-2318
RobertsonLawGroup@gmail.com

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