Save Time And Money by utsource Your Payroll Services

Payroll management is a time-consuming activity,
removing this burden can allow your employees
to focus on more productive items.

There are numerous benefits to hiring an accounting firm offering payroll services in Atlanta that many small businesses may not be aware of.

While on the surface it appears that doing payroll, taxes and other accounting-related services yourself saves money, in reality, this simply may not be the case.


At GBC Payroll of Atlanta, we provide both large and small companies with the accounting tools they require to keep their business running smoothly.

You don’t have to command a league of thousands to find yourself in need of payroll management services.  With skilled professionals at your disposal, you can be assured our expert team of financial consultants will happily assist you with the customization of payroll reports, time sheet filings, and federal and state tax reporting.

 Our job is to relieve you of the day to day burdens associated with payroll processing.

GBC Payroll saves you time and money by providing you a full and accurate payroll service with exceptional customer assistance, low cost preparation, and timely filing of federal, state, and local payroll taxes. We handle your tax deposits and payroll paperwork electronically which frees you of the worries regarding penalties and late fees.

If a good portion of your day is spent taking care of time-consuming enterprises like bookkeeping, ledger balancing, and employee worksheet maintenance........

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READ MORE

• GBC Payroll Services' Website   
• About GBC Services
• Payroll Taxes and Your Business
• Helpful Payroll Related Articles
• GBC Tax Income Atlanta Office
• Chartered Global Management Accountant (CGMA)
  American Institute of Certified Public Accountants (AICPA)
  GBC Services LLC, Tax Accounting Services for Atlanta GA
  GBC Press Release : MORE

Proper Tax Filing in a Gig Economy

The modern economic landscape is shifting
so abruptly, a small business owner in a gig
economy may falter or misfile, prompting an audit.

Trying to keep abreast of the various ins and outs of tax filing is daunting enough, but can be especially problematic in a gig  economy.

What the heck is a gig economy you ask?  

As the name somewhat implies, it is an economic period where permanent work becomes scarce and most companies rely on hiring independent contractors and temp workers to get corporate work done. 

As can be expected, this makes for uncertain influx of income forth bother employers and employees.

Our current economic climate not only alludes to this growing trend, but it also indicates that it may become a permanent fixture in the corporate sector. A recent study by Inuit indicates that 40 percent of  US based workers will identify as independent contractors by 2020.  There are a number of reasons for this, from  the prevalence of online  jobs, remote  work and tiny entrepreneurial companies that are fueled by internet traffic or revenue sharing ventures.

With so many online businesses, usually sole proprietorships, being established, entrepreneurs will find themselves challenged  on how to adequately file their taxes and avoid the kind of red flags that prompt an IRS audit.  Adding to the potential of an Internal Revenue visit is how relatively new the phenomenon is.  Government agencies are usually slow to adapt to economic and social changes, so they may not have systems in place dedicated to the growing number of gig economy based set ups.

The biggest concern for an e-commerce company, particularly if it is a sole proprietorship or LLC, is the proper reporting of income. 

The best way to ensure proper filing is to do so via the 1040 form, the standard tax return for independent contractors. If the business is technically diversified . e.g., you create arts and crafts as well as sing on the weekends in a money making party band, the business owner will have to keep separate records from each enterprise and designate their income separately on both state and federal forms.

Because the modern economic landscape is shifting so abruptly, a small business owner in a gig economy may falter and even misfile, prompting an audit. To avoid this pitfall, such companies may need to rely on a reputable accounting firm to handle their taxes. A reputable company will offer packages that suit the needs of a wide variety of business. When investigating an accounting firm, ask relevant, in depth questions to see if they understand the specific needs of an independent contractor who is subsisting within a gig economy structure. By hiring knowledgeable accounting pros, an independent contractor can remain reasonable free from the threat of an IRS audit, which will grant peace of mind to any business owner, in any type of economic climate.

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READ MORE

• GBC Payroll Services' Website   
• About GBC Services
• Payroll Taxes and Your Business
• Helpful Payroll Related Articles
• GBC Tax Income Atlanta Office
• Chartered Global Management Accountant (CGMA)
  American Institute of Certified Public Accountants (AICPA)
  GBC Services LLC, Tax Accounting Services for Atlanta GA
  GBC Press Release : MORE

Things to Consider When Outsourcing Payroll and HRMS

A small business owner won't have the in depth
knowledge of tax codes as it relates to payroll,
governmental regulations or IRS standards.

Being your own purchasing agent  has very little if any drawbacks--but improper filing of tax documentations, or bad record keeping, could land you in hot water with the IRS.

While this is understandable, and can be done in many areas, one place where this can prove disastrous is in the realm of accounting. 

The issue is compounded when smaller ventures lack the manpower to effectively  structure a human resources department.  Without  an established  HRMS in place, office routines can become unorganized and dysfunctional.

The solution? Outsourcing.

Human Resource Management Services

Human Resource Management  is an extremely important aspect of running any business,  and is critically linked to quality accounting and  the upkeep of financial records.  Most small business can ill afford to ignore HRM  responsibility yet they  often think they can take on this aspect alone. The danger here of course is mismanagement, which could potentially lead to trouble further down the road.

Outsourcing to a firm that can expertly handle the day to day functions of Human Resource Management is the surest way to go. Reputable companies offer a variety of ways in which a small to midsized company can integrate their services and will happily consult with clients to address their goals and concerns.

Many small to moderate sized business owners attempt to wear  far too many hats in order to maximize their profits.  

When investigating options in this area, small business should take into consideration the longevity of the firm as well as its accreditation. Honestly,  would you trust your kids to someone  you just met or to an individual with a bad reputation? Your business is your baby--make sure you place it in the right hands.

Payroll Services

All too often, small to moderate sized businesses  attempt  to take care of their own payroll needs or hire one individual to take on the task of  payroll distribution and record keeping. The error here is somewhat obvious.  A small business owner won't have the  in depth knowledge  of tax codes as it relates to payroll, governmental regulations or IRS standards. Likewise,  relying on only one person or a small  department to address critical aspects of bookkeeping can put you on the pathway towards an exhaustive IRS audit.

Outsourcing is a great option here as it would be enable a company of any size to utilize the expertise of individuals whose primary concentration is tax, payroll and human resource management. Just be sure the company you choose employs certified  public accountants and has a  great reputation in this arena.  GBC Taxes of Atlanta can confidently make such claims and offers decades of collective accounting experience.  Contact or call us today to learn what we can do to help your small to moderate sized company run more efficiently, and avoid  common pitfalls that lead to an IRS audit.

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READ MORE

• About GBC Services
• GBC Audit Services Website
• Visit the Internal Revenue Service's Website
• GBC Tax Income Atlanta Office
• Chartered Global Management Accountant (CGMA)
  American Institute of Certified Public Accountants (AICPA)
  GBC Services LLC, Tax Accounting Services for Atlanta GA
  GBC Press Release : MORE

Human Resource Managements Services Offered by GBC Services Atlanta GA

Small businesses benefit from HRMS services.

In response to demand for increased technology solutions from its clients, GBC Services LLC announces that it has chosen to extend its Payroll and HRMS offerings.

GBC will be offering an all-inclusive, affordable package that will now include web-based HRMS, Employee and Manager Self Service.

GBC Services of Atlanta offers valuable expertise to companies of all sizes that seek to outsource their Payroll services to a company with a great reputation and excellent service record.” GBC Services’ knowledge and experience, coupled with their solid and robust HRIS / PR technology, can provide a small or mid-size company with an affordable, superior product, normally only available to the larger enterprises.

GBC Services is a committed Payroll Services company with lots of experience that serve small to midsize Southeast businesses very well.

GBC Services is now offering their all inclusive, low-cost single priced package under the product name of “GBC Professional Level Payroll and Human Resource Management System”.

• Flexible and Convenient Payroll Services Options
• Download Commonly Used Tax Forms
• Convenient Human Resource Management Solutions 

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

• GBC Payroll Services' Website   
• About GBC Services
• Payroll Taxes and Your Business
• Helpful Payroll Related Articles
• GBC Tax Income Atlanta Office
• Chartered Global Management Accountant (CGMA)
  American Institute of Certified Public Accountants (AICPA)
  GBC Services LLC, Tax Accounting Services for Atlanta GA
  GBC Press Release : MORE

What do Payroll Service Providers Do and When is the Right Time to Outsource?

Outsourcing payroll is usually the
first expansion in a small business.

Q:What do payroll service providers do exactly?

A: Basic services offered include calculating payroll and tax obligations, printing and distributing checks and producing reports. Additional services can include direct deposit, payroll tax filing, issuance of W-2 forms, 401(k) deductions, and tracking of employee benefits.

Q: When is the right time to outsource payroll?

A: It could become obvious one day that the time is right. But if you’re not sure, ask yourself these questions:

1. Are you missing payroll deposit deadlines? If your payroll tax deposits aren’t timely, late deposit penalties can be as high as 10 percent.
2. Are you unsure about your payroll tax calculations? Your errors can be held against you, and penalties can be assessed. 
3. Too many employees? If you have fewer than 20 employees it’s likely that you can save money by outsourcing payroll. Do the math by comparing the hours/cost of your current system and comparing it to the plans offered by a short list of service providers.

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READ MORE>> SmallBusinessAdministration.gov: Five Tips for Outsourcing Your Small Business Payroll Operations

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READ MORE

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

2015 Small Business Taxes: What's New?

Good news: the rumor that no
refunds will be issued until
October 2015 is NOT true!!

To help you get a handle on the critical tax facts, let's take a look at some of the changes that could affect your small-business tax filing in 2015:

There are now seven income tax brackets, which will also break down differently depending on your filing status. Aside from this, capital gains taxes will also expand. These are the profits you earn from the sale of your capital assets, such as investments or property. Gains on investments held for less than one year are considered short-term gains and are lumped together with your ordinary income. Gains on investments held for more than one year receive special tax treatment. For 2015, the tax rate applied to long-term capital gains will depend on the tax bracket you fall into:

• Tax returns in the 10 and 15 percent tax brackets won't pay any capital gains taxes.
• Tax returns in the 25, 28, 33 and 35 percent tax brackets will pay 15 percent in capital gains taxes.
• Tax returns in the 39.6 percent tax bracket will pay 20 percent in capital gains taxes.

Payroll (FICA) taxes, (which consist of the Social Security tax, the Medicare tax and the new additional Medicare tax for higher-income earners,) are also increasing. Here are some details:

• Social Security tax: 12.4 percent of earnings on income up to $118,500
• Medicare tax: 2.9 percent on all earnings
• Additional Medicare tax: 0.9 percent on all income above $250,000 (if married and filing jointly), $125,000 (if married and filing separately) and $200,000 (if filing as single or head of household).

There are also changes to retirement contributions, and in some cases you could put away a lot more than you could last year. IRA's will also be limited to one rollover per person per year.

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READ MORE>> AmericanExpress.com ("Open Forum"): What to Know About Small-Business Taxes for 2015

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

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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READ MORE

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

Outsource Your Payroll and Reduce Costs for Your Expanding Small Business!

Save money for your growing
business by outsourcing payroll.

Consider the amount of time you and your employees spend on payroll-related activities. 

And don’t forget expenses such as the cost of printing checks, computer software, training and support. Outsourcing your payroll functions will most likely save you money because your payroll provider will handle all of these things for you.

Many professional payroll providers offer packages for small employers starting as low as $50 per month.

Aside from the obvious tremendous time-save to your business, you will also be able to:

• Avoid IRS penalties.Penalties for errors, omissions or late payroll tax filings can be very costly. Many outsourced payroll providers will calculate payroll taxes, manage filings and payments and will assume the cost of penalties due to incorrect calculations or late payments so long as you provide the necessary information and funds on time. Keeping abreast of state, federal, local and industry-specific regulation changes can be at best a real challenge. A reputable outsourced payroll provider has a staff dedicated to keeping up to date on all of the changes that could affect your payroll, ensuring that you stay in compliance.
• Expand payment methods.
  In addition to printing and shipping checks directly to your door, most payroll companies also offer the convenience and security of direct deposit services. Because pay is deposited directly into your employees’ accounts, having to put a stop payment on a lost paycheck and reissue it becomes a thing of the past. Many payroll providers also offer a paycard service for unbanked employees, usually at little or no cost to the employer.
• Eliminate payroll pain and worry.
  With the help of a professional payroll service provider, the hassle and pain often associated with processing payroll is gone! You provide the basic information, and your payroll company takes care of the rest. And with guarantees of error-free payroll and tax filings and payments, you can eliminate the worry that many experience when it comes to paying employees and taxes correctly and on time.

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READ MORE>> BizFilings.com: The Top 6 Advantages to Outsourcing Your Payroll

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READ MORE

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

Questions to Ask When You've Decided to Outsource Your Payroll

Make sure the Payroll Service you
choose responds quickly to your
questions and has excellent skills
regarding customer service.

While the majority of U.S. businesses process paychecks internally, this is not always cost-effective. At minimum, internal payroll processing requires the purchase of a computer or manual accounting program and extensive training to use it. In addition, businesses need to keep up to date on changes in personnel, deadlines, and tax requirements on an ongoing basis.

Using a payroll service generally makes sense if your payroll changes with each pay period. If your company has employees working varying amounts of hours each week or has a significant turnover rate, a payroll service can be a time-saving and cost-effective alternative to internal processing. Using a payroll service can also be helpful if you have to pay payroll taxes for multiple states.

If you have decided to outsource your payroll, here are some tips to help you hire someone:

Features

•  What does your basic service include?
•  How quickly can you re-run a payroll if there is a mistake?
•  How long does the average client stay with you?

Tax filing

•  If I use your tax filing service, do you cover the penalties and/or interest charges?
•  Do you provide filing assistance for local taxes?
•  What is the cost to file taxes for multiple states?

Charges

•  What is the cost for your service for one year, including year-end W-2 forms?
•  How long are these rates in effect? What rate increase should I expect after that?
•  If there are payroll data mistakes, how long will it take to reconcile the errors and what will it cost?

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READ MORE>> Entrepreneur.com: Outsource Your Payroll

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READ MORE

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

Hire a Payroll Service as Your Small Business Grows

A basic cost-effective solution
in a growing business is to hire
a payroll service provider.

Are you getting overwhelmed now that your small business is growing and want to know where to begin? Hire a payroll service.

It might have been easy to track the handful of employees working at a single location, but diversification and revenue growth often leads to hiring additional employees, sometimes at multiple locations. A burgeoning payroll also means keeping up with additional compliance and regulation issues.

If you find yourself dedicating more time than you can afford to managing payroll, you should strongly consider using a payroll service provider, who generally takes care of these basic things:

• Taxes
• Payroll delivery and reporting
• Direct deposits and check printing
• Wage garnishment

Also, consider these other compelling reasons to outsource payroll duties: Payroll administrators can provide payroll preview services that let you know exactly how much payroll liability you face. And payroll service companies can track employees' time and attendance with an online time clock or proprietary time-management software.

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READ MORE>> SmallBusinessComputing.com: Should You Hire a Small Business Payroll Service?

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READ MORE

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

Use Your Time Wisely---Hire A Payroll Service to Take Care of All Your Payroll Needs

GBC offers collaborative payroll 
services for every business need.

There are numerous benefits to hiring an accounting firm offering payroll services in Atlanta that many small businesses may not be aware of.
While on the surface it appears that doing payroll, taxes and other accounting-related services yourself saves money, in reality, this simply may not be the case.


READ MORE at GBC Payroll Processing Services Website

If a good portion of your day is spent taking care of time-consuming enterprises like bookkeeping, ledger balancing, and employee worksheet maintenance........
We Meet All Your Accounting Needs
Call GBC 678-366-9232

Afforable Payroll and HRMS Services for Small to Large Businesses

GBC lends a helping hand to
your small business needs.

In response to demand for increased technology solutions from its clients, GBC Services LLC announces that it has chosen to extend its Payroll and HRMS offerings. 

GBC will be offering an all-inclusive, affordable package that will now include web-based HRMS, Employee and Manager Self Service,

GBC Payroll and Human Resources can extend its reach and value into clients’ operations and processes.

GBC Services of Atlanta offers valuable expertise to companies of all sizes that seek to outsource their Payroll services to a company with a great reputation and excellent service record.” GBC Services’ knowledge and experience, coupled with their solid and robust HRIS / PR technology, can provide a small or mid-size company with an affordable, superior product, normally only available to the larger enterprises. 

GBC Services is a committed Payroll Services company with lots of experience that serve small to midsize Southeast businesses very well. 

GBC Services is now offering their all inclusive, low-cost single priced package under the product name of “GBC Professional Level Payroll and Human Resource Management System”.

• Flexible and Convenient Payroll Services Options
• Download Commonly Used Tax Forms 
• Convenient Human Resource Management Solutions 

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

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READ MORE

• Contact GBC Income Tax Services Today! 
• Atlanta Income Tax Preparation Services
• Visit the Internal Revenue Service's Website

Part 3 of 3 – 9 Ways To Maximize Your Business’ Revenue By Outsourcing Payroll

We are your Solutions Partner

Most companies can't afford to constantly update to the latest in payroll software. Using a company that focuses solely on this one aspect of business ensures that they will always be up to date. Thus, you can get a better quality service for your money. You may also be able to have the money direct deposited in a secure manner. Yes, some of the additional reasons to hire a payroll company are:

• Up to date technology
• Top quality service
• Multiple payment options

Often payroll service will cost you less than $2 per check. With that in mind, can you really afford to keep payroll in-house? Outsourcing payroll to a professional company is just a smart decision. With the extra time your staff can use to focus on increasing revenue, it won't be a problem to pay a service to handle some of the more mundane responsibilities of your business.


Additional Sources:
The Top 6 Advantages to Outsourcing Your Payroll
10 Benefits of Outsourcing Your Business Payroll

Call GBC Income Tax Services today at 678-366-9232 for all your tax and IRS needs!
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• GBC Tax Offer Atlanta Experienced IRS Representation
• Helpful Payroll Related Articles
• GBC Management Team

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

The bonuses of outsourcing
your payroll services

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:

• Payroll Debit Cards that help to increase direct deposit of employee's wages, this comes at no additional cost.
• On Site Live checking Printing
• Client Remittance Option for Payroll Taxes
• Garnishment Processing and Agency Payment that reduces both costs and liabilities simply by outsourcing garnishment processing.
• 401k Deduction File Secure Uploads so staff will be able to avoid having to send this data manually to your 401k vendor/TPA

You see? There is a lot of bonuses when it comes to outsourcing your payroll services. Not bad a list, eh? So what are you waiting for? Pick up the phone and make the best business efficiency decision (and easiest) that you have ever made in your career as a business owner.

Call GBC Payroll Services Today! 678-366-9232

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READ MORE

• 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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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

Payroll Taxes and Your Business

Many small businesses fall behind
in paying taxes at some
point during their existence.

Payroll taxes are all taxes that are collected, by federal, state, and local governments, based on salaries and wages paid to employees. These taxes must be withheld from wages by all businesses that have employees. These taxes are remitted on a monthly or semi-weekly basis, depending on the quantity owed. Businesses are also required to make regularly scheduled reports to the Internal Revenue Service (IRS) and to state and local taxing agencies about the amount of taxes owed and paid. Businesses are not required to withhold payroll taxes on wages paid to independent contractors. Self-employed persons are responsible for paying their own payroll or income taxes directly to the appropriate taxing entity.

Many small businesses fall behind in paying these taxes or filing the associated reports at some time during their existence. Such an error is, however, very costly because significant interest and penalties apply for late payment or nonpayment of payroll taxes. In fact, the Trust Fund Recovery Penalty allows the IRS to hold a small business owner or accountant personally liable for 100 percent of the amount owed, even in cases where the business has gone bankrupt.

READ MORE from Inc.com
Inc.com
Business Taxes 
Tax Withholding 
Electronic Tax Filing
Tax Preparation Software

Purchasing QuickBooks
products through
GBC, will qualify for an
significant discount.

GBC Offers Quickbooks Support

We offer QuickBooks support and consulting at various levels for clients who want to use QuickBooks. We start by assisting clients in determining the QuickBooks edition that serves their financial recordkeeping and operations best.

Purchasing QuickBooks through GBC Services, clients can realize discounts of up to 50%.

READ MORE AT GBC

Jobs Plan Includes Tax Breaks for Small Firms

Tax breaks account for $253 billion
of the president's package.

President Barack Obama outlined a $447 billion jobs plan Thursday night that would reduce payroll taxes for workers and small businesses.

The plan also would eliminate payroll taxes for businesses that hire additional employees or increase wages for current workers. The president also wants to give a $4,000 tax credit to businesses that hire workers who have been unemployed for six months or more.

 The plan, delivered to a joint session of Congress, also calls for extending into 2012 a current tax break that allows small businesses to immediately write off 100 percent of their investments in new equipment. The president also wants to give a tax break to businesses that hire unemployed veterans.

READ MORE: Obama's Job Plan Includes Tax breaks for Small Firms

GBC Services can help you
organize tax information
including federal and state tax.

GBC Services in Atlanta Georgia can supply you with online payroll processing and help you organize tax information including the filing of tax returns, both state and federal.

Our expansive payroll services also include new hire and workers compensation reporting, customized payroll reports and time sheet submission via phone, fax or email. GBC Services in Atlanta can also set up a time clock interface as well as direct deposit to help you keep track of employee itineraries and payment. READ MORE: GBC Payroll Services