The answer is YES, if you are a small business owner, you have employees, you have payments to make, taxes to deduct from the salaries and send the deducted money to the IRS.
1. Payroll Software Is Worth
As small business owner, you need to take care of the payroll taxes all by yourself. Calculating the income tax and national insurance contributions in producing the weekly payroll can easily take an hour or more each week. An hour that could be better spent earning profits or at the very least having an extra hour of free time each week. Free time that small business owner’s value at a premium since the majority of small business owners either work or think about work from dawn to dusk 7 days a week. An easy-to-use hr software package to satisfy the payroll requirements can be just one part of making that small business more efficient.
2. Payroll Application Can Be User Friendly
You do not need to be a computer whiz or financial guru to use such system. Dr Ge, the designer of business software, believed “Good small business tax software was designed and engineered for ease-of-use by those who have only basic computer skills and little accounting know-how. It should be simple – stupid simple – so that small and mid-sized business owners can focus their time and energy on running their businesses, not trying to figure out how to run payroll software.”
3. Payroll Application Is Affordable
Most business owners do not need complex accounting suite, which comes with lots features that you might not need to touch at all. You can easily find stand-alone tax software on market that cost you less than $100 per tax year. Some companies even offer discount price for updating package when renew it next year.
4. Start Your Test Drive
If you are still not confident enough, you can go ahead and download such software from internet. Most companies allow user to user try such software free for 15 to 30 days.