Advice from Paychex: Be Careful with Payroll
[caption id="attachment_810" align="alignright" width="300"]paychex Download a PDF of Paychex Services[/caption] Today at our group ProMetroNet, our friend Kathy Preziose from Paychex gave a great presentation on payroll processing. She explained that a lot of startup and small businesses try to handle all their payment processing and compensations for employees on a shoestring budget, sometimes with disastrous results:
  1. The company does the payroll itself: As there is a ton of compliance with Federal, State and Local Governments to make the right payments and fill out the right forms all throughout the year, the likelihood of making a mistake is huge. And mistakes cost penalties and fines.
  2. The company hires a start-up payroll company: One needs to be very, very careful when doing this. If the payroll company irresponsibly misses a payment, form filing, or other necessity on time - or they simply fold up and close shop - typically the back payroll, taxes, penalties and fees are the responsibility of the business or business owner.
Bottom line: Be careful when choosing how payroll and benefits are processed. Paychex is an excellent, well established organization. I've known Kathy for over 5 years now, and she provides fantastic customer service. The pricing is very reasonable - in fact: A small S-Corp could possibly get its payroll done for around the cost of a monthly cell phone bill. For more information, contact Kathy directly at (201) 663-1301. Here's a flyer on some of their services.  
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