Friday, April 1, 2016

What do small business owners struggle with: dealing with employees

One of my clients once remarked that employees are a necessary evil!  While most employees are not evil, dealing with employment laws and payroll taxes is a struggle for many small business owners.

How does an entrepreneur deal with employment issues if they don't have a human resources person?  Many of the payroll processors not only help with processing payroll and filing/paying payroll taxes but also provide HR services.  The following is a short list of companies providing payroll and HR services:
  1. ADP  
  2. BenefitMall
  3. Big Fish Payroll Services
  4. Ceridian
  5. Gusto
  6. Namely
  7. Operations Inc
  8. Patriot Software
  9. Paycor
  10. SurePayroll
  11. TriNet
In addition, the following companies provide just human resources services so if you are happy with your current method of dealing with payroll and payroll taxes, then this list will be of interest to you:
  1. Jumpstart: HR
  2. MMChr
  3. Namely
  4. ProHR+
We always recommend new business owners hire someone to get them started on the employer road.  Making sure you understand employment laws and complying with payroll tax laws is important to avoid penalties and interest charges.  Hiring an attorney to review employment and non-compete contracts, if they are necessary to your business, is a must.  Once a business is up and running as an employer, they may be able to manage the processing of payroll and filing of payroll taxes on their own, but paying for expertise at the outset is the best way to avoid headaches.  

Most entrepreneurs are required to handle a multitude of tasks, but knowing when to outsource and when to pay for expertise can make managing your small business easier.

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