Friday, February 2, 2018

Hire A Payroll Professional

First of all - I do not do Payroll.  I do not even do my own payroll.

There are some things a business owner needs should NOT do.  I see this all of the time, in an effort to save money, keep costs down, there is a mentality of doing everything you can to save money instead of hiring a professional.

Personally I have made valiant attempts at : plumbing, electrician, welding, car repairs, oil changes, roof repairs, and even small engine repair.

What did I learn?  How to flood a basement, how much voltage it takes to stop your heart, how a a flying spark can set your pants on fire, what a car engine sounds like when the oil leaks out, how long it takes a tow truck operator to reach you in the middle of the night.  Did you know a lawnmower can keep running with no oil?  Do you know that duct tape does not stick to a copper pipe when there is water squirting out of it.

All of these "learning experiences" came at a cost.  What was learned?  I learned that some things are better left to the professionals, and that in the end, your time and energy is better spent doing what you do.

In the world of payroll, I can say without a doubt that using a payroll service will save you from :


  • Notices from the IRS
  • Endless deadlines,
  • IRS Rules (which never make sense)
  • Payroll tax tables
  • Passwords and security for IRS, Michigan, and Unemployment web sites.


Make a mistake and you will get :

  • Penalties
  • Liens - you won't be able to buy that house
  • If your Federal balance is more than $50,000 your passport will be revoked.  Goodbye Mexican vacation.
  • Lower credit
  • Installment agreements
  • Your name and address will be published in the legal news


Then simply consider the cost- a payroll service for a small business with 2 - 3 employees may cost $600 - $1,200 a year.

A mistake can cost you thousands, and below I have some examples of what can happen when you do payroll yourself.

I will happily take your money to fix your payroll problems.  In the end, it will cost you more than you can imagine.

If a doctor told you to do something, you would do it.  If a lawyer told you should do something, you would do it.  If a CPA tells you to hire a professional service to do your payroll, you should do it.

I recommend ADP

Emily Hoffman  616 482 1242
emily.hoffman@adp.com

Example 1 - Mystery Unemployment Liability



Example #2 Installment agreement




Example #3 Michigan Penalty and interest from "Missing Payment" 

                                  **************** 35% Penalty and Interest*********************




Example #4 Forgot to include payment




Example #5 Mystery Tax "Internal Adjusment"  ?????


Example #6   Math Error?



Doug Zandstra CPA CFE EA
Certified Public Accountant
Certified Fraud Examiner
Enrolled Agent
29 Pearl St NW, Ste 225
Grand Rapids, MI  49503616 970 3000
dougzandstra.com
email doug@dougzandstra.com


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