Why Outsource Your Payroll to Shockley Bookkeeping in Broken Arrow?
Payroll can take a lot of time out of your busy day. Outsourcing payroll duties can allow you to focus more on your customers and the quality of your products.
Our payroll services are relatively inexpensive. We even handle direct deposits. For many businesses, it’s a welcome solution that costs less than $50 a month. Shockley Bookkeeping eliminates the need for another employee while doing most of the work automatically for you.
Having Shockley Bookkeeping do your payroll means it will be more accurate. You can have peace of mind, knowing that the taxes, insurance, and other deductions will not be miscalculated.
There are a lot of forms that need to be filled out when doing payroll. Could you remember to file them all on time each quarter without forgetting? Having Shockley Bookkeeping handle your payroll duties means you don’t have to try to stop on top of it all.
Small businesses in Broken Arrow, OK have relied on Shockley Bookkeeping to handle their payrolls for years. Call today and request a free quote!
Are you a Sub-S Corporation?
Did you know there is an IRS rule for companies that are set up as a Sub-S Corporation that are required to pay themselves a reasonable salary. Most Sub S Corporations slip through the cracks and don’t pay themselves a reasonable salary and avoid paying Social Security and Medicare Taxes. The IRS is becoming more strict on this rule than they have in the past and cracking down on all Sub S Corporations Owners to make sure they pay themselves a REASONABLE salary. If the IRS finds, in their reviews, that companies are not doing this they could face hefty fines and penalties for not complying with this rule. To find out what a reasonable salary is for the field that each owner works in can be found by the US Bureau of Labor Statistics: http://www.bls.gov/oes/current/oes_nat.htm. That is where the IRS looks and reviews these wages per company. If the owner of the company falls below their average salary from this website, they can be fined for underpayment of salary.
Make sure your Sub-S Corporation is in compliance, contact us today and request a free quote!