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Why Doing Your Own Payroll is a Huge Mistake

Oct 24, 2018 7:02:00 AM / by Bret Asmussen posted in small business payroll, small business accounting, small business operations

When you own a small business, it is imperative that you find ways to save money wherever you can. It’s not a matter of want; it’s a matter of need. You take pride in doing your own sales, your own customer service... heck, you might even shovel your own driveway. That’s why it makes perfect sense to do your own payroll, right?

Maybe not. Here’s why it’s a waste of time to sit in front of a blank spreadsheet with your head in your hands. 

Payroll software is subscription-based, meaning you keep paying for the same thing year after year. Paying for payroll software isn’t usually a one-time fee.

Every year you’re paying for a “newer” version of the same old software with a bunch of “new” features that don’t really feel all that different.

You waste money when you don’t know how to use the software.

Often these programs don’t come with much guidance or support, leaving you with tons of questions as to how they actually work. It might advertise new features and shortcuts, but if they aren’t intuitive or easy to use then you’ll just end up frustrated, confounded, and losing more money trying to figure it all out.

It’s easier, friendlier, and probably not as expensive as you think to use an accounting firm.

You’re already paying an accounting firm to get your taxes right. Typically, those firms offer payroll services as well. They also can help coach and guide your way through an otherwise tricky process -- one that can get sticky if you go it alone.

Employer On the Go is the smart way for small businesses.

At CSI Accounting & Payroll, we offer the Employer on the Go online system for your payroll needs. Not only do you get payroll management and accessible reports (like W-2s and tax reports), but we also guarantee payroll compliance.

We handle the details that might slip through the cracks, but make all the difference when tax season comes around. That includes quarterly and year-end local, state and federal tax filings, new hire reporting, and more. Plus, we’re there to answer any questions you might have. It’s what we do.

Ditch the software, and let us take one thing off your plate this year so you can get back to doing what you love.

Bret Asmussen

Written by Bret Asmussen

Payroll Manager