Category: Payroll Service

In payroll service, Payroll Taxes are due, with Penalties and Interest. At least that’s what the IRS letter says. First, do not panic Quoting Daniel J. Pilla’s study for the Cato Institute “About 40% of the income the IRS collects through penalty assessments is reduced when citizens contest the penalties.” So now we know that there’s a good chance that the IRS is incorrect, or that it’s the first to blink. What do we do? The normal problems with payroll taxes are as follow 

Failure to File 

The IRS says that you don’t ever file a tax return and that you have prepared a return for you. They will estimate the taxes owed in an amount that they know exceeds what would be reasonable due to their account. They actually do this to get your attention. A lot of people, if the estimated amount was too low, would simply pay it. The IRS does not want that to happen, so they always overestimate if they create a substitute refund and present it for you. 

Taxes under Reported 

Find out why they say that. Have they transposed a number when they manually entered the declaration? That happens regularly. Did you just get a number out of your hat? That happens occasionally. When we received two notices for two different clients the similar day saying that they had overpaid their 940 taxes and proposing each one a refund of more than $36,000.00 each. The total of 940 tax deposits for the two customers combined was less than $ 2000.00. Also no, I did not allow them to request and receive the checks. read more about payroll service and payroll taxes: https://www.hannamansigns.com/questions-to-ask-yourself.

Taxes under Deposited 

They say you prepared fewer or smaller deposits than you reported. Check your list and dates of deposits against yours. Do not receive their word for once it was made. You have the proof in your files. Recently, we have noticed a real problem. EFTPS payments are not revealed with the date in the electronic file as in the IRS Account Statement. 

The way a programmer ruined that is beyond me. So, create the data that shows your proof that payments were created on time, bank deposit slips, EFTPS confirmations or any proof you have. Pack copies and send them to the IRS with a letter of justification and a request to update their records. 

Taxes Deposited Late 

Check the taxes deposited and do the same thing with the dates. Document and send letters. Do not give up. The fact that the first IRS person rejects you literally means nothing. They almost always reject the first request for reduction of a fine. Dealing with the IRS is a long series of not followed by a single yes. Once you get the yes, shut up and go. 

Can a common citizen do this? Of course! Is it easier for a payroll tax professional? Of course! The IRS is much more likely to hear a CPA than a citizen. The CPA knows which buttons to press and how to move to the next level. A common citizen cannot. The CPA is much less likely to get emotionally involved than the citizen whose pocket is being emptied. 

Your payroll service provider must have CPA on staff to handle these conditions for you. If not, seriously consider a payroll service provider that does. Since when, not if the IRS prepares your normal CPA, you will be charged a full fee to solve the problems that must be solved by your payroll service provider for free.

Many companies today are opting for the use of payroll services, considering that setting up payrolls and paying employees are some of the most important tasks in any company. The challenges that come with organizing the pay, tracking it and making sure that there are no errors are enough to convince many companies to switch to using a payroll software. It is more accurate, secure and it can be automatically set to release cheques on time avoiding errors, delays and the pain of having to track the sources of any potential problems that may occur. Here are 5 tips for choosing the best payroll software for your company.  

Customer support specialists  

When you are shopping for the payroll services Australia has, keep in mind that software can fail and not having the adequate customer support can be a real problem for you. If possible look for companies that offer a specific contact for customer service instead of calling a standard line. Having one specific contact who will familiarize themselves with your specific situation and business makes much easier to address any problems that may arise and makes the entire process much easier.   

Look for the best technology 

Much of the payroll services software today is stored on the cloud instead of being limited on a computer. Choosing such a system will also give mobile access that you can set up for people working in human resources and managers so they can easily and quickly approve payrolls or address any changes.  

Furthermore, it will give employees online access to their payroll, along with explanations and detailed information that gives them all the details they need to know. This avoids unnecessary contact with HR.  

Business integration process  

As you are considering your new payroll software, look for the software that can be integrated with other software you are using, for example that used to track your employees’ hours, benefit programs or even vacations and leaves. By choosing the right software you choose to simplify the logistical processes in your business and make it much easier to deal with.  

Tailored programs 

Considering all the regulatory requirements for tax, registration and tracking purposes, it may be a good idea to invest in a specialized software that is tailored to meet your needs specifically. A software that is made to accommodate all types of requests is rarely the best way to spend your money so make sure that what you choose is in line with your work.  

Streamline  

Finally another important characteristic you want to look for in the software you choose to buy is whether or not it allows direct access to employees and if it allows multiple devices access, via smartphones for example. This is important because it allows payrolls to be processed much faster and correspondence becomes much easier.  

If you haven’t yet, it is a good idea to consider switching to a payroll software. Make sure you assess your needs and look for the best Payroll services Australia has to meet them and ensure a safer and easier process.