When entrepreneurs and small business owners imagine their companies growing, becoming more profitable, and needing the support of more employees, they often think about all of the exciting things that are going to happen with that growth. Building a company culture, increasing profits, and gaining more and more customers--are some of the most exciting parts of being an entrepreneur.
Payroll taxes are not one of the exciting parts.
In fact, for many small business owners, understanding payroll taxes and then implementing an effective payroll tax management system can be one of the most complicated parts of hiring their first employees.
At Complete Payroll, we are experts in setting up and maintaining payroll tax systems. We want to help you figure out everything you need to know. So let’s break down the most important pieces of information you need to know about ensuring that you are compliant with all federal and state payroll tax laws.
How are payroll taxes calculated in NYS?
In the video below, our Tax Manager, Ashley Hamilton, explains how payroll taxes are calculated.
There are generally three main reasons why people choose to hire a payroll company like ours.
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They don’t have time to manage their own payroll and need to outsource these tasks so that they can focus on their job.
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They don’t have a dedicated HR department because they are a new, small company, and therefore they don’t have a person or team who can be responsible for the tasks associated with human resources.
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They don’t have a strong grasp of payroll taxes and want to make sure they are fully compliant. Entrepreneurs and small business owners are often experts in their industry, but not necessarily in tax and employment law.
As for why they hire us, specifically, it is because, at Complete Payroll, we help thousands of companies around the country. We are professional, innovative, and committed to providing our clients with personal and exceptional support every step of the way.
We are happy to work with small businesses and entrepreneurs no matter what reason they end up realizing they need additional payroll help! Contact us today to learn more about how we can simplify your business’s day-to-day operations as it relates to payroll, human resources, time tracking, and other compliance concerns.
