Tax Questions: Ask the Certified Tax Coach

Ask the Certified Tax Coach

Got Tax Questions? Ask a Certified Tax Coach!

Interpreting the tax code is no easy task, and neither is finding ways to legally pay less – so let us help!

Ask CTC your tax question and we will pick one (maybe two) to send to our Certified Tax Coaches.

 

Each Day we will post Answers here and on our Facebook fanpage .

 

 

 

Question:

What are the problems small companies face doing payroll?

I often hear people compain about solutions such as ADP, Paychex, Trinet but don’t really understand what the issues are.

Answer:

Certified Tax Coach, Dominique Molina
Most small business owners don’t know what they “don’t know.”  You select an advisor and a service provider, cross your fingers, hope for the best and hope they do what they’re supposed to do all for a bargain price.  One of the challenges facing small business owners is that they don’t have systems and processes in place to check their payroll providers’ work.  Often it isn’t until the IRS comes knocking that they become aware of errors and problems.

To overcome this obstacle, consider sitting down with your provider and ask them to help you develop a template to verify payroll amounts.  A tool like this can become your own “check figure” for supervising the payroll work.
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