Yes, you can run your own small business payroll, but it’s not always the ideal situation.

Running payroll without support can save you money today, however, it could cost you in the long run. In order to save money, many business owners do payroll manually rather than using payroll software or services. But this can lead to tax penalties and other issues, which can be very costly.

If you are wondering how to do your payroll on your own, the simple answer is that you probably shouldn’t. You can’t simply write a check every two weeks on your own. You have to make sure you are withholding federal, state, and local taxes, sending these payments to the IRS and your state, and filing your tax forms on time. And this is just the start of the process. Outsourcing this process to experts can ensure you don’t make mistakes that can lead to costly issues. It also frees up your time to work on other areas of your business.

One of your most important responsibilities as a business owner is making sure payroll is on track. In addition to enhancing employee satisfaction, accurate payroll keeps you in compliance. As a business grows, payroll can quickly become complicated, so outsourcing your payroll to experts is an easy way to give your business a competitive edge.