Small business have a lot to worry about. Last year, businesses incurred $4.5 billion in payroll tax penalties according to the IRS. When it comes to payroll taxes or employment taxes (Social Security and Medicare; Federal Unemployment Tax, Federal Income Tax), there are too many complications. Here's a look at why you need to consider an online payroll service.

1. 4.5 Billion
Reasons for an
Online Payroll
Service
Businesses Incurred $4.5
Billion in Payroll Tax
Penalties Last Year

2. Of the $4.5 billion in payroll tax penalties, it’s likely that small
businesses are feeling some pain.

3. Bloomberg’s small business blog, The New Entrepreneur, put it succinctly:
“Every month, employers across the U.S. send money to the IRS to cover
payroll taxes—levies drawn from employee pay to cover Social Security,
Medicare, and unemployment insurance. Many botch the process.”

4. Payroll Taxes can Get
Complicated:
• Social Security
• Medicare
• Federal Income Tax
• Federal Unemployment Tax

5. With payroll you also need to keep up
with the changing tax code.

6. Why is Payroll So Hard?

7. It’s labor intensive.

8. Compensation Changes,

9. Compensation Changes,
Bonuses Change

10. Compensation Changes,
Bonuses Change
Overtime Needs to be
Calculated

11. Compensation Changes,
Bonuses Change
Overtime Needs to be
Calculated
There’s Also Sick
and Vacation Time
to Consider

12. Compensation Changes,
Bonuses Change
Overtime Needs to be
Calculated
There’s Also Sick
and Vacation Time
to Consider
These All Lead to Errors

13. And

14. Payroll tax laws are complicated.
There are federal, state and local payroll taxes.
Every state and town is different.

15. Integrating payroll yourself with your business is not easy.

16. However, a payroll service can automate payroll with your accountant
and even your time clock system.

17. Online Payroll Services are an Affordable
Alternative to Doing It Yourself.
• Get payroll taxes done for you.
• Complete the process in a few minutes.
• Receive basics like direct deposit, W-2 and 1099 preparation.

18. But, how do you choose
a payroll service?

19. Look for: • Payroll taxes automatically
handled
• Customer service
• Direct deposit
• Mobile apps

20. And these:
• Payroll taxes automatically
handled
• Customer service
• Direct deposit
• Mobile apps
• Accounting integration
• Security
• Great value

21. Easy. Online. SurePayroll.
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For more small business tips, visit
The Payroll Blog.
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