As a small business owner, there are some things that you know you’re expert at. Sometimes you do things because you want greater control. Sometimes it’s because you want to save money.
When it comes to planning for and doing payroll, what should you do? What are the options available, and what are the pros and cons of each?
1) Totally DIY (Do It Yourself), get the tax tables and do the calculations, print the checks and do the reporting yourself.
2) Buy or subscribe to Payroll Software that does some of the work for you.
3) Use a Payroll Service.
Totally DIY
Pros
Cons
Payroll Software
Pros
Cons
Payroll Service
Pros
Cons
Nothing is more sacred in the running of your business than your payroll. You can certainly do it in-house. But be sure that you do it correctly and exactly. Your employees will appreciate it, and you will avoid a very painful headache.
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