For the small business employer, there's no time like the present to outsource necessary but often burdensome tasks such as payroll. Small businesses will play a large role in economic recovery. It's best if they can concentrate on more important parts of their business, and let us own their payroll worries.
Glenview, IL (PRWEB) March 11, 2009
In anticipation of the upcoming "Making Work Pay" payroll tax adjustment in the federal stimulus act, online payroll service SurePayroll announced its small business customers will not have to worry about making any changes to their payroll set up.
Small business employers using SurePayroll don't have to do anything either before or after the federal stimulus credit takes effect. Customers can rest assured that SurePayroll will seamlessly handle all changes to payroll withholding requirements.
SurePayroll offers a full-service payroll solution for small business employers seeking to alleviate the stress associated with the intricacies of payroll, including regulation and compliance changes.
"This credit will certainly be welcome in the small business community, as employees will see slightly more in each of their paychecks," said SurePayroll President Michael Alter. "Implementing the credit will, however, be difficult for business owners that are still processing payroll on their own. Too often, small business owners have to spend needless time worrying about the little things that are best outsourced to a professional. Using a payroll service, such as SurePayroll, saves them both time and money since we're already handling these kinds of things on a day-to-day basis and know the most appropriate actions to take."
For 2009 and 2010, the Making Work Pay provision of the American Recovery and Reinvestment Act will provide a refundable tax credit of up to $400 for working individuals and $800 for married taxpayers filing joint returns. Some individuals will not be eligible for the credit, however, including those who earn in excess of $75,000, or have a combined income in excess of $150,000 if married. Starting no later than April 1, employers will be responsible for withholding changes for their employees who are eligible for the credit, receive a paycheck, and are subject to withholding.
In addition to the new payroll provision to reduce federal income taxes, the new stimulus law requires employers to pay the upfront cost to subsidize laid-off workers on COBRA. The subsidy will call for employers to pay 65%, which will be reimbursed later.
SurePayroll will inform its small business clients of any actions taken on their behalf to comply with the law, which is retroactive to September 1, 2008.
"With our current economy, we can expect additional changes associated with payroll and taxes," said Alter. "For the small business employer, there's no time like the present to outsource necessary but often burdensome tasks such as payroll. Small businesses will play a large role in economic recovery. It's best if they can concentrate on more important parts of their business, and let us own their payroll worries."
Voted Editor's Choice for best payroll service by PC Magazine, a Top 100 Product by Accounting Today and winner of the Stevie Award for eCommerce Customer Service Team of the Year, SurePayroll is America's largest full-service online payroll service and honoree of the of the Inc. 500 Fastest Growing Businesses award two years in a row.
SurePayroll is passionate about small businesses and their payroll. The company is dedicated to providing an extremely friendly and simple payroll experience -- at a price small business owners can afford.
In addition to its payroll and ClickFREETM tax file and pay service -- which allows a user to complete the entire payroll process in minutes -- SurePayroll offers a suite of online services designed specifically for small business, including HR and compliance resources, 401(k) retirement solutions, health insurance and workers' compensation products.
SurePayroll also offers a private-label and co-branded payroll service to accountants and banking partners to offer payroll processing to their small business clients.
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