Payroll services are often handled by third party payroll service platforms for small businesses. It seems more convenient and surprisingly cost effective than to have a dedicated person or team to do payroll. However, handling payroll services can be tricky. A small error can result in a major financial faux pas and can lead to […]
Most businesses in their infancy try to concentrate on their core business activity. Hence financial and accounting activities often get pushed to the periphery. Most times owners take on the onus of accounting and even tax-related responsibilities and may hire a person or two to assist them. As the business grows, the number of employees […]
Expanding the scale of operations often goes hand in hand with employing more people. As exciting as the process of expansion often is, hiring employees comes with its own responsibilities. The employees must be paid correctly and all the required taxes must be withheld and then deposited appropriately. Records have to be maintained in specific […]