Should you try to do your own payroll?

Updated: Aug 2, 2018

Um, short answer, no. There are so many ways to mess up DIY payroll, from not making timely tax deposits with IRS, or not properly calculating the state unemployment threshold.

The IRS is especially nasty when it comes to payroll taxes, or "trust fund taxes," because those taxes are used to fund Medicare and Social Security. Furthermore, your employees get credit for them on their W-2, so if you haven't made timely tax deposits, the IRS is basically loaning your employees their withholding.

What's the solution - outsource it, of course. Technology has made payroll mindless work. Providers such as Gusto, Intuit, ADP, Paychex, all have easy-to-use platforms for running payroll, and making the necessary filings in the background.

Ask me today how to integrate cloud-based payroll into your current accounting system.

7 views0 comments

Recent Posts

See All

What is your greatest ability?

To all service professionals out there, what is your greatest ability? Are you the best lawyer, accountant, realtor, engineer in the whole world? Probably not. This sounds like a sports cliche, but

5050 Quorum Drive, Suite 700
Dallas, Texas 75254

Phone: 469-320-1260

Fax: 469-464-1789

Mark Conner, CPA PLLC

  • LinkedIn Social Icon
  • Facebook Social Icon
  • Yelp Social Icon

©2018 by Mark Conner, CPA PLLC.