Bair CPA Offers Payroll Solutions.

When deciding whether to outsource payroll to your accounting firm or a payroll provider, it’s vital to understand the difference between the two services.  A payroll provider typically only handles the processing and management of payroll, while an accounting firm also offers other financial services such as bookkeeping, tax preparation, and consulting. As a result, CPAs provide more comprehensive and integrated financial services.

Bair CPA understands which tax laws apply to your business.

Accounting firms are typically better equipped to handle complex payroll issues. For instance, businesses often have to research which jurisdictions require payroll tax filings based on their location (and where their employees reside). Accounting firms will do this front-end research and ensure that your business is registered to pay taxes in the proper municipality, city, county, and state.

Bair CPA can help with old tax notices.

Many payroll providers only help with tax notices received during your business’s relationship with their company and will not assist or respond to older notices. For example, if you hire a payroll provider in June 2022 but receive a tax notice from April 2022, your payroll provider is unlikely to help with the older tax notice. On the other hand, a full-service accounting firm will typically help with any tax notices, regardless of when they’re received.

Bair CPA can integrate all of your financial data.

Accounting firms can provide you with a single point of contact for all of your business’s financial needs. This means they can integrate your payroll data with your financial statements and tax returns, as they will have all relevant financial data at their fingertips. Moreover, an accountant who understands your business’s complete financial picture can provide more comprehensive information and services.

Bair CPA can ensure your payroll is processed in a timely and accurate manner.

Payroll processing can be a complex endeavor. No matter what type of industry you’re in, payroll must be processed in a timely and accurate manner. There is virtually no room for mistakes or delays when it comes to payroll – and an accounting firm can ensure your payroll is processed on time and without error.

Bair CPA also keeps abreast of tax law changes and employee changes that will impact your payroll, which can be a headache to manage on your own. Ultimately, outsourcing your payroll to an accounting firm can bring much-needed peace of mind knowing that an expert advisor is in charge of this important business function.

Contact our office today to learn about our payroll services