How to Make Payroll & Taxes Easy in 2019

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As a business owner or manager there are two things that create particular stress points in connection with room for error, financial loss, and legal liability: payroll and taxes.

Did you know payments to part-time, full-time, or contract workers are deductible, but that if you use taxes withheld from employees to fund your operations, you are personally liable for paying back the IRS with possible added penalties?

Common Payroll Mistakes:

  • Setting up your payroll incorrectly
  • Falling behind on tax payments and filings
  • Miscalculating overtime
  • Running payroll too late
  • Forgetting to keep records
  • Bad bookkeeping

 

Common Tax Preparation Mistakes:

  • Incorrectly reporting income
  • Mixing business and personal expenses
  • Missing deductions
  • Misclassifying employees
  • Filing and paying late

 

DirectPay Payroll has been providing payroll and tax filing services to companies across the southeast since 2003. It is our job to help you manage your business’ financial responsibilities so you can focus on your job.

What do you do for a living? Are you a building contractor with temporary laborers, or a bake-shop owner with part-time delivery drivers? Perhaps a lawyer with three business partners and billing-by-the-minute, or a gallery manager who only earns on commission?

If you’re someone who tends to wear many hats — a CEO who is also the bookkeeper, the travel agent, the cleaning staff, the marketing department, and half a dozen other things — you may find it hard to give up control over any aspect of your business. However, having to do a thing and being good at doing a thing are not one and the same! Smart business owners and managers recognize their deficiencies.

An American Management Association study revealed that a high self-awareness score was the strongest predictor of overall success.

While hiring a team of expert employees to take over payroll management may not be possible for all business owners, contracting with DirectPay Payroll is. DirectPay Payroll employees have on average more than 10 years of experience in the field, and our company has provided payroll and tax filing services to businesses large and small since 2003.

DirectPay Payroll’s expert staff can manage your company’s entire payroll processing from calculating tax obligations to producing checks and preparing management reports. We will maximize your deductions and credits while greatly minimizing human error and the chance of getting audited.

For larger companies with more than 50 employees, we offer scalable payroll services, human resources, and benefits management services. With online payroll with mobile support your company will have 24/7 access to keep your business running efficiently while remote access enables you to submit payroll online, view reports, and import payroll data.

With tax day rapidly approaching — Monday, April 15, 2019 — isn’t it time you considered what DirectPay Payroll can do for you? Contact us online or call us for a consultation at 704.921.2730.

*Sources:

The Highlights of Tax Reform for Businesses

IRS Announces 2019 Tax Rates, Standard Deduction Amounts And More

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