There is a lot of competition in the Charleston area for accounting services, so finding a way to put yourself ahead of the rest involves finding an appealing niche. As we head back into a post-pandemic world, staffing has never been so difficult to maintain, so making sure that your employees are taken care of is critical to maintaining their loyalty. The businesses you serve would probably welcome the addition of you offering payroll services to take that stress off their plate. Providing more comprehensive services is an excellent way to increase your client load, and if you sell these additional benefits that offering payroll services in Charleston will have, you will be surprised at how many people will come flocking!
Payroll services are about so much more than just making sure that your employees get paid on time and the right amount. Many rules govern payroll and taxes, and if you don’t do it 100% correctly, it can have a snowball effect that could affect your entire company’s financial situation. Any noncompliance sends up a red flag to government agencies like the IRS, and the IRS is never a good agency to argue with!
Staying on Your Toes
If there is one thing that we all learned during the pandemic, it is that businesses that can pivot to meet challenging conditions survived and thrived during COVID. Having a payroll services company can help you to pivot as needed and be more malleable if you need to quickly either increase or decrease the number of workers. Adding and subtracting employees is not a quick process or an easy one, but when you have a payroll company, it is seamless for you!
Payroll Services in Charleston Take Care of It All!
Payroll requires a multitude of processes, from setting up direct deposit to cutting checks to local, state, and federal taxes. Handling it all can be a huge drain on your time and resources. As any smart business owner knows, you should focus on what you do best: leading your company, and delegating the rest to competent people. Payroll services in Charleston are no different. What takes you about twenty hours will take a payroll service a fraction of the time, which will free you up to take care of the things that need your attention! At AdvantEdge HR, we differ from other large conglomerates. When you call us, you get us – instead of waiting on hold for hours on end. We have real people answering your calls!
You Have to Be Compliant on Many Fronts!
Many small business owners don’t even know they aren’t following the rules until they are fined for it, and by then it’s too late. Ignorance is not a defense in the world of payroll services. Compliance and adherence to employer rules and regulations mean that you have to follow a specific set of codes, standards, and regulations. You also have to comply with inspection and applicable safety standards that coincide with federal laws on harassment, the Equal Employment Opportunity Commission, and a variety of other agencies that you might not even be aware of. Paying a bit more to make sure that those at the helm get it right can save you both money and headaches in the long run.
As we head into a post-pandemic economy, many things in the workplace have changed, especially when it comes to retaining talent. The key to gaining loyalty from your employees is treating them correctly, which means paying them on time and making sure they are taken care of. As an accountant, if you want to increase your client base without having to work harder to do it, partnering with AdvantEdge HR is a great way to offer payroll services that will attract more small businesses. That way, you can take care of your side and let us take care of ours. Contact us today to partner!