Did you know that Penalties for incorrect payments or reporting on payroll are very costly. So costly, in fact that the cost of preparation services for an entire year can generally be paid for by just a few penalties.
Our in–house payroll service offers you high–quality service with processing by accountants rather than data–entry clerks who don’t always understand the ramifications of transactions. Our integrated approach makes tax preparation easy since we already have all of your payroll records and can advise you throughout the year. There are two methods we may be able to use to process – one which maximises cash flow (cash-flow basis meaning that neither revenue nor expenses are recognised until the cash associated with them actually is received) and one which eliminates worry of spending your employees’ witheld taxes etc (accrual method where revenues and expenses are recorded according to when they are earned and incurred, not necessarily when the cash is received or paid). Ask us which one best fits your needs.
Cash Flow Maximisation Payroll Solution
In every growing business, the top priority is cash flow. When you utilise our payroll services, we can help you keep your money as long as possible and utilise your cash. On pay day, outside payroll processing services usually draft the net amount of all of your employees’ checks and the taxes that will be due on that money. In some cases, the taxes will not be paid for weeks or months. Therefore, they earn interest on your money and you do not have the cash available to assist you in maintaining your businesses cash flow needs. We do not earn interest on your money. We will prepare your payroll and let you know the amounts of your taxes and remind you when they are due. Therefore, your cash balances can be maximised and you can pay your taxes only when they are due.
You can also save on costs by having your CPA Tax Accountant firm prepare your payroll and associated returns by eliminating the normal duplication of effort to verifying that the transactions were processed correctly.
We are trained to advise our clients in all aspects of payroll preparation and compliance. Not only can we offer a complete payroll service if you would like to outsource this time consuming process, but we also offer advice on recruiting and retaining staff. If you would like to discuss GST, PAYG (witholding), PAYG (Instalment), Fuel Tax Credit, Fringe Benefit Tax and any other employment related issues or if you do require full payroll service then please don't hesitate to