Why Hiring a Payroll Services Provider is The Best Choice For Your Firm

Payroll processing is an essential business function as it involves managing employee payments. Payroll processing can be confusing, complex, and costly. It takes both time and effort to gather employee information, calculate deductions, and ensure you are withholding the right amount for federal and state taxes. Your accounting team has better things to do. It is a far better option to outsource payroll functions to save time and money. Outsourcing increases business efficiency and allows you to focus on your core capabilities. Your accounting team will have more time to focus on more productive activities, such as creating a financial [...]

How Long Should You Keep Business Records?

Keeping financial records is essential for a business. Keeping clear records of income, expenses, accounts, and tax documents allows you to keep track of your business’s financial health and make improvements where necessary. Data takes up space. You need to delete old files and records on your system regularly to free up space. How long should records be kept? – This is one of the most common questions business managers ask. Lawyers, accounting services, and bookkeepers in Santa Rosa recommend preserving original documents for at least seven years to defend against lawsuits, potential claims, and tax audits. Here is a [...]