By Steve Kania
As an accountant, you’re an expert in calculations. Your clients, however, focusing on everything goes into their business, may get bogged down in the calculations of employee payments and payroll taxes.
When it comes to figuring out how much you need to pay for Social Security and Medicare taxes, or making the right deductions for 401k and other deductions, there’s really very little room for error.
Let your clients know that while doing all this themselves is an option, it may be a risky one. They should be sure they’re away of all the necessary calculations and how to do them. If they decide it’s not worth their time, it may well be worth the cost to have all your payroll calculations, filing and deposits done automatically.