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Everyone wants to sell their payroll service—Markwei Boye teaches how to hire one
—Markewi Boye, CEO of Smart Business International, PLLC, is a local payroll service practitioner who offers nationwide service.In a recent interview, he explained, “the price you pay for a payroll service is important; but quite honestly, it's the least amount of risk you'll have with a payroll service.”Mr. Boye went on to discuss the items often overlooked and common mistakes made by small business owners who attempt to process their own payroll.“Each year 40% of small businesses pay an average penalty of $845 for improperly filing their payroll taxes.And, they overpay state and federal unemployment insurance by $1.45 million each year!” Mr. Boye exclaims.
In addition to overpayments, penalties and fines, valuable time is also an issue to consider when deciding to hire a payroll service, rather than processing payroll in-house.Markwei Boys says, “Processing payroll requires 54 steps and eats up between 40 to 60 hours each year, even for two-employee companies; it’s tedious work that requires constantly updating records, printing checks and answering employee questions,” Markwei explains.
Markwei Boye has created a 14-point buyer’s scorecard to help companies determine if the payroll service they’re considering is the right one to use.The scorecard outlines the 14 questions to ask before hiring a payroll service.Here are a few questions you should ask:Does your payroll service offer any type of accuracy or performance guarantee? What does your payroll conversion process look like and what can I expect if I switch my payroll processing to you? Is your payroll service insured? A free report containing all 14 questions can be found at http://n.b5z.net/i/u/8100075/i/SB_-_Payroll_Service_Scorecard.pdf
Markwei Boye’s company, Smart Business International, PLLC, has quickly become one of the most recommended payroll services in Southeast Michigan, by many CPAs & business professionals. They help their clients reduce the confusion and expense of processing their own payroll by educating them on what features are best for their business and budget. Secondly, and more importantly, they show their clients how to make their business more money by addressing employee compliance issues, hidden tax liabilities and even under-leveraged IRS rulings. Markwei Boye explains all the things that add and subtract profits from business.
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Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.