New CPA Certification! GBC Tax is Fully Equipped for Atlanta Accounting Needs.

GBC Services, LLC can now do
even more for your business.

FOR IMMEDIATE RELEASE

The Senior Staff Accountant at GBC Tax has now completed his CPA certification.

Milad Jaberi joined GBC Services in 2011 and has worked with small businesses, specializing in the areas of payroll accounting and payroll tax compliance. Milad graduated at the top of his class earning a Master of Accounting with a Tax Concentration from Kennesaw State University in 2011. Previously, he earned a Bachelor of Business Administration in Accounting from the University of Georgia in 2009, and has now earned his CPA.

In his spare time, Milad enjoys golfing, traveling, spending time with his family, and cheering for Atlanta’s professional sports teams. He is just a part of the amazing professional team we have to work for you at GBC. Contact GBC Tax, LLC for all your accounting, payroll and HRMS, and audit and consulting needs today!

GBC Tax and Audit Services, Certified Public Accountants is located at:
1950 North Park Place SE, Suite 150, Atlanta, GA 30339.
Telephone: 678-366-9232

GBCTax.com
GBCPayrollServices.com
GBCAuditServices.com

For Media Inquiries: Ghassan R. Gharaizi, Quickbooks ProAdvisor and Certified Public Accountant.

Payroll: to Outsource or Not?

A smaller payroll management
company may best serve your
small business needs.

Today, small and mid-sized businesses have a wide spectrum of payroll options. On the one hand, you have in-house administrators who often employ payroll software to do the job. On the other, you find large, traditional payroll services—and a slew of smaller competitors vying for their piece of the outsourcing pie.

Can the big players meet the specialized needs of today's small and midsize businesses? Or is bringing payroll back in-house and using specialized software the best route for small to medium-sized businesses?

For a small business of around 10 people, sources have found that the cost of paying an outside agency to manage payroll, tax liabilities, documentation, and process the physical checks is less expensive than having an internal dedicated person.

Here are a few quick comparisons:

Benefits of outsourcing:

• Improved compliance and accuracy
• Time savings
• Lower long-term costs for some businesses

Benefits of in-house:

• Instant access to data
• You may be doing most of the work anyway
• Cheaper if business has under 10 people

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READ MORE>> New-Talent-Times.SoftwareAdvice.com: Should You Keep Your Payroll In-house or Outsource It?

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• GBC Payroll Services' Website   
• About GBC Services
• Payroll Taxes and Your Business
• Helpful Payroll Related Articles

A Summary of What an External Audit Includes: Questions and Answers

Ensure the health of your business;
hire a professional external audit.

Q: What does the process of an external audit for your business entail?

A: Basically, an external audit occurs once a year and focuses on the company’s performance and compliance. Accounting records are commonly examined in an external audit to make sure no errors exist in the financial statement, which is important for investors and regulatory requirements.

External auditors have no affiliation with the company, which offers the company an unbiased examination.

Here are some of the most frequently asked questions:

• Q: What is a Typical Audit Time-Frame?
  
  A: An external audit does not have a standard length. The audit goes on until the external auditors have finished. Generally, an external audit begins at the end of the company’s fiscal year, since that is when the accounting books are closed and financial statements for the year are prepared. The external auditors may communicate with internal auditors when any questions arise during the process, but the external auditors are not influenced by the internal auditors.
  
• Q: Is There any Pre-Audit Planning Needed?
  
  A: Before the external auditor begins, certain activities must be completed. The auditor must meet with management of the company to determine if any internal changes in control, procedures or other factors have affected company record keeping and reporting. Such factors can include changes in industry regulations, legal matters or changes in company structure and operations.
  
• Q: What Goes on for the Duration of the Audit?
  
  A: The reporting phase is the main part of the external audit, which is done on site at the company being audited. In this phase, auditors examine the company’s ability to record and process data accurately in reports, such as in financial statements. This is done by going through the records used to create the statement, or other documents, and re-creating them to see if they were created correctly by the company. During this phase, the auditors may request additional files or documentation from the company’s internal auditors or ask questions about how conclusions were drawn.
  
• Q: What Outcome Should be Expected as a Result?
  
  A: At the end of the audit, the external auditors prepare and deliver a summary report to the company. The summary report details all of the findings from the audit. This includes discrepancies found in the reporting and non-compliance of rules and regulations. The auditor findings offer the company a way to correct any discrepancies and become compliant before a regulatory body notices.

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READ MORE>> smallbusiness.chron.com: What Does the Process of Performing an External Audit Include?

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READ MORE GBC Tax Services Website
For All Your Accounting and Auditing Needs Call GBC 678-366-9232

Characteristics of An Effective External Audit for Your Business

Consider the contributions of the
managament and audit committee
in the audit assessment also.

An effective audit truly challenges and tests the contents of the financial statements in order to form an opinion on whether they present a true and fair view. An audit must, of course, comply with all relevant auditing and ethical standards as well.

An effective audit must also include:

• An audit process tailored to the risks facing the entity, the business structure and the regulatory environment.
• An audit team that is technically strong, perceptive, intellectually curious and independent-minded — bringing an informed professional skepticism to bear on management’s approach and assertions.
• An audit approach that is based on an understanding of the control environment, including the role of information technology in supporting the financial reporting process.
• An audit culture that seeks continuous improvement and increased quality.

Fundamentally, an effective audit must deliver the right audit opinion, in which shareholders will have confidence.

Two more important characteristics are:

1. Communications and reports to those charged with governance that reflect the audit team’s thought processes and rationale for conclusions. These should discuss management’s approach, alternatives considered, relevant comparators and a clear articulation of the final conclusion.
2. Effective interaction with management and the audit committee throughout its performance — everyone must understand what the ‘audit issues’ are, why they are ‘issues’ and how they will be resolved.

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READ MORE>> ey.com (Ernst & Young): Assessing the Effectiveness of the External Audit Process

Call GBC Income Tax Services today at 678-366-9232 for all your tax and IRS needs!
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READ MORE

• GBC Tax Offers Atlanta Experienced IRS Representation
• Essential Financial Services
• Tax Requirements By State
• Visit the Internal Revenue Service's Website
• GBC Audit Services

Making a Sound Decision in the Selection of an External Auditor

Planning to procure a quality
audit requires time and attention.

Regardless of the type or size of business you are affiliated with—from a small local shop to a large corporation, from a neighborhood health clinic to a major hospital, from a grade school to a university—

an effective audit can improve your operations and possibly yield significant dollar savings.

Selecting a qualified auditor will help you achieve the benefits of an effective audit and help you avoid wasting resources on auditors that aren’t likely to produce a quality audit. If your responsibilities include hiring an independent auditor, do some research first that can help you make a sound decision and get the most for your money.

Companies and public entities should select auditors only after considering the following five basic steps for an effective audit procurement process:

1. Planning—determining what needs to be done and when
2. Communicating Audit Requirements and Soliciting Proposals—writing a clear and direct solicitation document and disseminating it widely
3. Selecting a Qualified Auditor—authorizing a committee of knowledgeable persons to evaluate the ability of prospective auditors to effectively carry out the audit
4. Writing the Agreement: Documenting Expectations—documenting the expectations of both the entity and the auditor
5. Monitoring the Audit: Ensuring a Quality Audit—periodically reviewing the progress of the audit.

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READ MORE/GET COMPLETE GUIDE HERE>> doa.alaska.gov (Intergovernmental Audit Forum):  Choosing an External Auditor

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•     About GBC Services
•     GBC Audit Services Website
•     Visit the Internal Revenue Service's Website

Why Should I Get an External Audit?

Quality external auditors will take
the time you don't have to go
through your records with a fine-
tooth comb. Protect your company.

Question: What IS an external audit?

External audits are independent, unbiased reviews of your business’s financial records. You usually can contract an accounting or auditing firm to conduct this review. It can be an expensive exercise, but it has its benefits. While you may consider your organization’s controls and records to be flawless, an external third-party review can assure you if that is actually the case.

Three main advantages are outlined as follows:

1. Identification of Errors: As a business owner, even if you have the expertise to conduct your own audits, the responsibilities of running a business may prevent you from dedicating the time required to seek out errors and omissions in your financial records. An external audit will identify these mistakes and rectify them over the historical data. This, in turn, will provide you with clearer business records and data.
   
2. Internal Control Effectiveness: External auditors perform walk-throughs of each of your business processes and verify that approvals and authority checks are in place and working before a transaction lands in your financial records. They also determine that your computer systems perform correctly. This doesn't cover IT functions, but entails a check for controls in your systems to ensure that only authorized personnel perform certain tasks. The external auditor will advise you on how to address any issues they uncover.
   
3. Acceptance of Audited Statements: You may require a loan for your small business or a letter of credit to obtain merchandise. Banks and lending companies typically will require that you provide audited and reliable financial statements. Your company's net assets adjusted for goodwill can help you anticipate its current value, which can help you set a price for it, if you are willing to sell it. Similarly, tax authorities may be more willing to place reliance on your calculations for income or sales taxes if you present audited financial statements.

Audited financial statements indicate that you are a responsible business owner who practices transparency in your activities.

These acts of transparency contribute to the goodwill of your business. This can all be used easily to settle accounts, diffuse disputes among partners, and to prevent employees from committing fraud. 

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READ MORE>> yourbusiness.azcentral.com: "What Are the Advantages of An External Audit?

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•     About GBC Services
•     GBC Audit Services Website
•     Visit the Internal Revenue Service's Website

Help Your Business: Educate Yourself by Learning Tax Law Details for Your State

Get the knowledge you need to
run your business successfully.

Having knowledge of your state tax requirement can help you avoid problems and help your business save money.

The most common types of tax requirements for small business are income taxes and employment taxes.

Income Taxes - Nearly every state levies a business or corporate income tax. Your tax requirement depends on the legal structure of your business. For example, if your business is a Limited Liability Company (LLC), the LLC gets taxed separately from the owners, while sole proprietors report their personal and business income taxes using the same form.

Employment Taxes - In addition to federal employment taxes, business owners with employees are also responsible for paying certain taxes required by the state. All states require payment of state workers' compensation insurance and unemployment insurance taxes. The following states/territories also require a business to pay for temporary disability insurance:

• California
• Hawaii
• New Jersey
• New York
• Rhode Island
• Puerto Rico
      

Follow the link below for state and territory tax resources and to find out more about what you have to do to register and be open for business in your state:
READ MORE >> www.sba.gov (U.S. Small Business Administration): Learn About Your State and Local Tax Obligations

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READ MORE GBC Tax Services Website
For All Your Accounting Needs Call GBC 678-366-9232

Small Business Owners View Tax Laws as More Important than Actual Tax Paid

Hiring a Tax Professional will save
your business both time and money.

While most small business owners accept the amount of tax they pay, the paperwork accompanying those taxes and other regulatory requirements can cloud their view of the local business environment. Aside from economic conditions, small business owners' perception of the ease of compliance with licensing, regulatory, and tax regulations is the most important predictor of whether or not they considered a state or city friendly to their firms.

A recent survey asked over 12,000 small business owners to rate the degree to which their state or city was small-business friendly. Then it asked a series of questions about the specific business environment in their state or city. By comparing the answers, it found:

• The respondents' view of the performance of their state economy relative to the national economy was the most important factor in their rating of small-business friendliness.
• Those who were aware of training or networking programs offered by their state or local government were significantly more likely to say that their state or city was small-business friendly than those who were not aware such programs existed.
• While the ability to easily file taxes was an important consideration, the amount of taxes paid was not for the majority of small business owners.

The results are consistent with other research, which finds that policies that assist businesses with licensing, permitting, and tax filing; provide technical assistance to help firms grow; and provide well-targeted job training and education, are much more effective than tax incentives in promoting business development and economic growth.

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READ MORE >> www.CSMonitor.com (business tax): What Concerns Small Business More: Tax Laws or Actual Taxes?

Call GBC Income Tax Services today at 678-366-9232 for all your tax and IRS needs!
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READ MORE

• GBC Tax Offers Atlanta Experienced IRS Representation
• Essential Financial Services
• Tax Requirements By State
• Visit the Internal Revenue Service's Website
• GBC Audit Services

Determine Whether Your Small Business is A Business or a Hobby for Further Legitimate Deductions

Maximize your deductions during
the next tax season and just watch
as your small business flourishes.

The Internal Revenue Service reminds taxpayers to follow appropriate guidelines when determining whether an activity is a business or a hobby, an activity not engaged in for profit.

In general, taxpayers may deduct ordinary and necessary expenses for conducting a trade or business. An ordinary expense is an expense that is common and accepted in the taxpayer’s trade or business. A necessary expense is one that is appropriate for the business.

Generally, an activity qualifies as a business if it is carried on with the reasonable expectation of earning a profit.

In order to make this determination, taxpayers should consider the following factors:

• Does the time and effort put into the activity indicate an intention to make a profit?
• Does the taxpayer depend on income from the activity?
• If there are losses, are they due to circumstances beyond the taxpayer’s control or did they occur in the start-up phase of the business?
• Has the taxpayer changed methods of operation to improve profitability?
• Does the taxpayer or his/her advisers have the knowledge needed to carry on the activity as a successful business?
• Has the taxpayer made a profit in similar activities in the past?
• Does the activity make a profit in some years?
• Can the taxpayer expect to make a profit in the future from the appreciation of assets used in the activity?

The IRS presumes that an activity is carried on for profit if it makes a profit during at least three of the last five tax years, including the current year — at least two of the last seven years for activities that consist primarily of breeding, showing, training or racing horses.

If an activity is not for profit, losses from that activity may not be used to offset other income.

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READ MORE >> www.sba.gov (U.S. Small Business Admin): Is It a Business or a Hobby?

Call GBC Income Tax Services today at 678-366-9232 for all your tax and IRS needs!
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READ MORE

• GBC Tax Offers Atlanta Experienced IRS Representation
• Essential Financial Services
• Tax Requirements By State
• Visit the Internal Revenue Service's Website
• GBC Audit Services

Managing External Audit Relationships

An external auditor is key in going
over all the details of your records.

External auditors are certified professionals who check the accuracy and completeness of a business's financial statements. Managing the external audit relationship can be difficult for small business owners who must balance the auditor's requests for sensitive financial information, the need for company confidentiality as well as the choice of which auditor to engage.

Up-front communication is the hallmark of the selection process. Business owners should seek an auditor who is keen to discuss issues as they arise and who doesn't hide the risk of financial decisions from the company or its managers.

Once you have selected a compatible professional, keep these three points in mind to guide you through the rest of the process wisely:

1. Traits of a Good Relationship: The key traits that define a good relationship between the external auditor and the business executives can be summed up in three words: collaborative, congenial and communicative. This last trait is merely an extension of the open communication policy the auditor and business should adopt starting in the selection process. Collaborative and congenial mean both parties recognize their obligations to the auditing process. The business owner is willing to provide documents when requested by the auditor, in a reasonable format, and timing issues are discussed forthrightly. In return, the auditor is fair and keeps an open mind, assuming that errors point to mistakes rather than fraud unless there is strong evidence to think otherwise.
2. Consequences of a Bad Relationship: A breakdown in any of the three key traits can have serious repercussions for the business. In most jurisdictions, the law requires companies to hire an external or independent auditor, so any snag in that process may put the company at breach of law. Further, the audit opinion may be delayed, withheld or qualified if something goes wrong. A qualified opinion means the auditor can complete her job but finds that the company hasn't provided full and clear information or possibly has been subject to fraud or tax evasion. The business should try to avoid these consequences at all times, keeping the lines of communication open and setting clear goals and expectations during the engagement process.
3. Extending the Auditor's Engagement: Sometimes, the auditor or the company may not be able to complete the audit in the time frame that was arranged initially. In this instance, it is important for the scope of work to be clarified so as to extend the auditor's engagement, lengthening the amount of time it hires the auditor. A scope of work document should be drawn up at this point, specifying the balance of work to be completed, the amount of time for the contract extension and any procedural issues that need to be addressed. External audits normally take place every 12 months, so any external audit engagement lasting for more than a few weeks is likely to throw this schedule off track in the future.

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READ MORE>> smallbusiness.chron.com: How to Manage External Audit Relationships

Call GBC Income Tax Services today at 678-366-9232 for all your tax and IRS needs!
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READ MORE

• GBC Tax Offers Atlanta Experienced IRS Representation
• Essential Financial Services
• Tax Requirements By State
• Visit the Internal Revenue Service's Website
• GBC Audit Services

A Quiz: How Much Do You Know About State Taxes?

Find a good accountant to
help you with your state taxes

Have some fun and learn some new things with this States of Taxation Quiz!

Test your smarts and find out how your state measures up.

See how much you know about state taxes...

TAKE QUIZ HERE >> AARP: States of Taxation Quiz

Call GBC Income Tax Services today at 678-366-9232 for all your tax and IRS needs!
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• GBC Tax Offers Atlanta Experienced IRS Representation
• Essential Financial Services
• Tax Requirements By State
• Visit the Internal Revenue Service's Website
• GBC Audit Services

Choosing the Right CPA for You

Interview at least 3 CPAs to get
the right one for your business.

CPAs are more than just individuals who do your yearly taxes. They can advise you on a long list of other services, which may include advice on your accounting system, financial, retirement, estate and tax planning.

CPAs are part of a business owner's professional team along with a banker and a lawyer.

Your local Chamber of Commerce will tell you the names of CPAs who are members. When you attend any type of meeting, or meet other business owners, ask for CPA recommendations. Here are a few more points to consider:

• Use the 60% Rule
  If you're a business owner, pick a CPA who has 60% of their business coming from business owners like you! They're more apt to keep up with the laws regarding clients they deal with most often. If you're a corporation, make sure that the person specializes in corporate accounting, including financial statements, audits, etc.
• Bring Your Records to the Interview
  Bring a copy of at least one year's tax return when you interview a CPA. This way your prospective CPA can give you educated "guesstimates" as to what their services will cost you.
• How To File
  If you want to save some money, ask how they want your paper files.... If you bring your files to them in shoeboxes (hey, many folks do), you will pay to have all that deciphered! You can save money if you separate the information the way the CPA suggests.

READ MORE >> entrepreneurs.about.com: Choose the Right CPA for Your Business

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READ MORE GBC Tax Services Website
For All Your Accounting Needs Call GBC 678-366-9232


    

Choosing a Good CPA: Ability, Attitude, Altitude

Choosing the right CPA
for your small business
can make all the difference

Hiring a professional CPA is not something we do every day, and striving to find a CPA whose ambition matches your own is not an easy task.

Find the right one and you will find a home for your business and someone who cares about your business as much as you do.


Before you select a tax adviser, accountant, or personal financial adviser, make sure you consider the three A's of choosing a CPA:

1. ABILITY: What is your CPA’s Technical Ability, Track Record & Performance?
   
2. ATTITUDE: Can You Relate to Your CPA? How is Their Customer Service?
3. ALTITUDE: How Far Can Your CPA Take You?
   

READ MORE >> CHRISTIANPOST.COM: "Three A's of Choosing a CPA: Ability, Attitude, Altitude"
 
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READ MORE GBC Tax Services Website
For All Your Accounting Needs Call GBC 678-366-9232

Time to Hire a Professional Accountant for Your Small Business?

It's hard to find the time to look
for an accountant who is suitable.
Here's how to get the right CPA
for your growing company.

It's hard to find a good accountant—so hard, in fact, that it has become something of a running joke in the small business world.

Q: What's the definition of an accountant?
A: Someone who solves a problem you didn't know you had in a way you don't understand.

Okay, so maybe that's not entirely fair! But as with most humor there's a grain of truth to the joke. Most small businesses choose an accountant -- either hiring a "numbers person" on staff or hiring accounting services on a contract basis -- when a business' financial challenges have become too great to handle without expert help. Maybe you want to better the financial function of your business. Or perhaps your accounting software isn't providing the type of data you need to grow your business. Having trouble switching from cash to accrual accounting? Are your financial statements inaccurate or incomplete? These are all good reasons to look for a Certified Public Accountant (CPA).

When is it time? It all depends on the size of the company. If you're a small business owner and find yourself sitting in front of QuickBooks wondering where to begin, that's a good indication that it's time to find someone knowledgeable.

Inside or Outside Accountant? Before you can find the right accountant, you need to determine if you need an accounting firm or an inside accountant.

• Hiring an outside accountant or accounting firm on a consulting basis is usually a good first step for a growing business. The outside firm can often cost less than the salary and benefits of a full-time employee and, at the same time, you may be getting a higher level of advice from a CPA or a tax accountant, the latter of whom usually is a licensed CPA and a lawyer specializing in tax law.
• When the business grows in revenue and the transactions become more complicated, it is time to consider hiring a full- or part-time inside accountant. Since the outside accountant's fee grows with the size of the business, the owner may see some cost savings by bringing some of the work in-house.

READ MORE >> Inc.com: How to Choose an Accountant for Your Business 

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READ MORE GBC Tax Services Website
For All Your Accounting Needs Call GBC 678-366-9232
 

How to Choose a Small Business Accountant

Choose the right professional
small business accountant.

What type of tax accounting services do you need?

Perhaps your needs are simple. For example, if you are a one-person start-up that has no immediate plans to expand, the services of a bookkeeper may be sufficient - and this approach will also keep expenses low.  

Bookkeepers handle day-to-day cash flow management by recording transactions such as purchases, payments, sales and receipts using bookkeeping software.

If keeping track of this information is not your idea of a good time - but you do not need any further financial services - a bookkeeper would fit the bill. After all, you can always hire an accountant for specific tasks such as end-of-the-year tax planning and preparation.

For example, many small business owners are finding that an accountant can help them navigate the increasingly intricate payroll accounting and reporting system, with may be organized using business finances software.

If your original list of required services includes tasks such as budget analysis, financial planning or consulting, a certified public accountant (CPA) may be the right choice. Unlike an EA, a CPA has passed additional state examinations and fulfilled continuing education requirements. They are proficient with business finances software and can handle a wider variety of services. For example, audits and loan application necessitate the services of a CPA. In addition, these professionals can benefit a small firm by acting in an advisory role. Depending on a company's priorities, this level of expertise may be viewed as indispensable or as an expensive indulgence.

READ MORE >> SMALL BUSINESS.INTUIT.COM: Choosing A Small Business Accountant

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READ MORE GBC Tax Services Website
For All Your Accounting Needs Call GBC 678-366-9232

Part 1 of 2 - Why Having Proper Tax Records Now Will Save You Big on an IRS Audit Later

KEEP YOUR RECORDS STRAIGHT

No one likes an audit, especially an IRS audit. However, getting an IRS audit is only a matter of time, more of a question of when rather than If, so you should be prepared. The best way you can possibly prepare for an IRS audit for your Atlanta business (or any business for that matter) is by doing one very simple task.

Keep your tax records straight! Make sure everything is filed away right! For people who are reading this and are the proud owners of messy offices and come equipped with office paper with a little bit of desk underneath, this simple task may seem overwhelming large for you right now. The keyword of course is- right now.

By doing this, you ensure yourself the greatest chance of avoiding any IRS trouble that may be in your future. Sure, it might seem like a major hassle right now, but you will thank your past self for their amazing foresight when it comes time for your inevitable IRS audit. The great thing is once you do this once, get all your records straight, and use your shovel (or forklift loader depending on your situation) to remove all those papers and records from your desk into actual systematic filings, it is going be easy sailing from here on out.

Once the first big mess is done and filed, you can make a routine of doing it. Once it becomes habit, keeping your tax records up to date and accurate will be a simple job that will only take a few minutes for you to do. The important thing is to do it now.

Next month we will cover some of the things you want to look for and file correctly to avoid any IRS trouble.

Call GBC Income Tax Services today at 678-366-9232 for all your tax and IRS needs!
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• Atlanta Income Tax Preparation Services
• Tax Requirements By State
• Commonly Used Tax Forms
• GBC Support and Consultation

Why Payroll Taxes are About to Get Harder to Manage

We keep your business healthy
despite the Affordable Care Act

Times are tough, and times are a-changing. Unfortunately, a lot of the changes going on right now is going to make it harder on business owners rather than easier.

In a weak economy, even governments are hungry for money (well, more than usual). With all of these changes rolling out, the business owner is going to have a lot of things to keep track of – not to mention still being focused on making money for their business.

One area of business life that is going to get harder is the payroll tax and W1 compliance becoming more difficult to manage.

This is happening because:

• Due to Affordable Care Act of 2010
• The ever changing guidelines coming from the IRS and HHS (Health and Human Services)
• The potential possibility of additional stimulus measures

Why take the risk?

You got better things to do than to pull out your hair wondering what the new guidelines from the HHS is going to mean for your business and how to comply with it. Instead, outsource it, take a sigh of relief, and get back to doing what you do best – turning a profit.

Call GBC Income Tax Services today at 678-366-9232 for all your tax and IRS needs!
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READ MORE

• GBC Tax Offer Atlanta Experienced IRS Representation
• Visit the Internal Revenue Service's Website
• Helpful Payroll Related Articles
• Read the Affordable Health Care Law

Part 2 of 3 - The Many Bonuses of Outsourcing Payroll (Why It Creates More Income for Your Business)

Save your company by hiring
a good outsourced payroll service

Outsourcing payroll services is a fantastic way to save your company from spending more resources than it actually has to. Why? Well, most good outsourced payroll services do a whole lot more than just simply help you out with payroll. Here is a little list of what a good outsourced payroll service company can do for your business:

• Section 125 Administrative Services (this links payroll to flexible benefits programs that reduce employee taxes and employer tax liability)
• General Ledger Custom Import File Creation – an automation process for GL posting into a client's accounting program or system.
• Employee Loan Programs that help outsource internal administration of employee advances or loans.
• Prescription discount cards, an added benefit for your employees that literally costs your company nothing to offer. As this is a pretty popular benefit, it is a good way to keep your workers motivated.

Check in next month for the final 5 bonuses of outsourcing your payroll to a professional payroll services company.

Call GBC Payroll Services Today! 678-366-9232

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• Payroll Taxes and Your Business
• Helpful Payroll Related Articles
• GBC Tax Income Atlanta Office

IRS Website for Small Business and Self-Employed: Get the Tools You Need Now

Protect your valuable business
by hiring expert CPA consulting.

Visit the IRS Small Business and Self-Employed Tax Center here! 

SB/SE serves taxpayers who file Form 1040, Schedules C, E, F or Form 2106, as well as small businesses with assets under $10 million.

Get a plethora of tools and forms to help you in your small business and contact GBCTax for all your accounting, auditing, payroll and HRMS needs. We will help your business grow as we spotlight it: Julia Makarishcheva has earned an MBA from Georgia State University. Julia focuses on small business writeups at GBC Services LLC, and her focus and passion include audit and business analysis.

Call GBC Income Tax Services today at 678-366-9232 for all your tax and IRS needs!
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• GBC Tax Offers Atlanta Experienced IRS Representation
• Essential Financial Services
• Tax Requirements By State
• Visit the Internal Revenue Service's Website
• GBC Audit Services