Contractor Success Map With Randal Dehart | Contractor Bookkeeping And Accounting Services

561: Easing Your Back Office Burden One Payroll At A Time

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Synopsis

This Podcast Is Episode 561, And It's About Easing Your Back Office Burden One Payroll At A Time As a construction business owner, you have a lot on your plate. You need to manage your employees, oversee projects, ensure compliance with regulations, and keep your clients happy. Amidst all this, you may be tempted to handle your payroll to save costs and maintain control.   At face value, it seems like a great idea. If you're a small business owner with just a few employees, you probably think hiring a payroll specialist is an expense you can avoid.   You feel that you can handle it yourself. You intend to keep your staff paid right and on time. What could go wrong, right? Well, lots, actually. And before you know it, it's now a costly mistake, and you need to spend more money to make it right.   Why doing your own company payroll is not a great idea:   1. Time-consuming   Payroll processing is a time-consuming task that requires attention to detail, knowledge of tax laws, and expertise in accounting. As a c