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

GBC Tax LLC is GROWING! New Auditing and Payroll Branches Added!

We at GBC Tax will help
your small business grow too!

FOR IMMEDIATE RELEASE

GBC Services, LLC, is expanding their small business for all your accounting and HRMS needs in 2015.

GBC Tax has expanded its services to include auditing, IRS representation, HRMS, consulting and CFO services, and e-verification. We have added new websites and branches and also added some staff recently. Our staff is growing! Our senior staff accountant, Milad Jaberi, has now completed his CPA certification, and we have a new staff accountant, Amanda Gardner.

Amanda Gardner recently graduated from Kennesaw State University with a Bachelor of Business Administration in Accounting in May 2014. Amanda’s focus and passion include audit and business analysis, and she is currently pursuing her CPA Certification and Master's degree. When not at work, Amanda loves to spend time with her family and partake in arts and crafts.

Call GBC today for a free consultation and see how well-rounded, professional and comprehensive our services are first-hand! We can help you grow your small business also, protect you from potential IRS problems, and increase your profit margins! We are also fully equipped to handle the needs of larger corporations. Please visit our new payroll and auditing websites:

GBCPayrollServices.com
GBCAuditServices.com
GBCTax.com

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

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

External Auditing Services and Solutions Offered to Atlanta Small Businesses

Protect your small business.

FOR IMMEDIATE RELEASE

GBC SERVICES, LLC NOW OFFERS EXPERT EXTERNAL AUDITING SERVICES FOR ATLANTA, GA.

Choose to protect your profit margins by having a professional audit service completed.  Keep your company on sound economic footing by utilizing an expert league of accounting professionals who know what the current governmental standards are. Call or contact GBC Audits today to learn how we may assist you in your quarterly and retirement plan auditing needs.

One cannot take for granted how vital it is for a company to observe regulatory fiscal reporting measures required by agencies like the IRS. The Internal Revenue Service is merely one federal department to worry about in this regard, however. The Department of Labor also has a number of reporting requirements, with documentation that must be filed annually, and sometimes electronically, which we take care of also. Providing essential reports to these governmental bodies is not a small task and can be difficult for one person or small team to oversee.

The GBC Audit team is lead by Quickbooks ProAdvisor Ghassan R. Gharaizi, an experienced CPA who takes a nuanced, multifaceted approach to financial planning and assessment. Not satisfied with cookie cutter business paradigms, Gharaizi works very hard to make sure the auditing solutions he proposes for your company are indeed tailored to fit your needs. This can be especially helpful for small businesses, which can have very different considerations than larger corporations. Likewise, a larger company’s accounting obligations will have a much broader scope. In both circumstances, auditing services will have to be adapted in order to apply the appropriate tools. GBC Audit Services of Atlanta's services are highly affordable, taking all manner of budget constraints into consideration.

GBC Audits of Atlanta provides pertinent Audit and Consulting Services that will assist you and your financial team whenever critical tax seasons or quarterly fiscal sessions arise.

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

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

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