Ken Uchikura Newsletter Vol. 359 Thumbnail
Essential Payroll Advice for U.S. Startups
When you start a business, one responsibility you can’t avoid is paying salaries, including your own.
However, payroll involves much more than simply transferring money. It requires complex calculations and filings for various taxes: federal tax, state tax, Social Security, and Medicare. If you make a mistake in these filings, you’ll face serious penalties — not “you might,” but you’ll definitely face them.
At the beginning, when you’re the only person in your business, payroll may not feel too demanding.
But the moment you hire two or three employees, the time required to process payroll and tax filing increases dramatically. At PSPINC, we used to handle payroll internally, but we ultimately concluded that it’d be best to outsource it to professionals.
These professionals are not typically accountants, but companies that specialize entirely in payroll services. In the U.S., there are many reliable payroll service providers, including major companies like ADP and Paychex.
If you outsource your payroll to them, they take full responsibility if any mistakes occur — and, more importantly, you save a significant amount of time.
While it might seem like an additional cost, the value is worth it when you consider the time saved and the avoided risks. As an entrepreneur, my strong advice is this: Never handle payroll internally; always use a professional payroll service.
If you need a recommendation, PSPINC would be happy to introduce you to the payroll specialist we currently use. They’re not one of the major companies, but they are a highly reliable and trustworthy partner.
Kenichi Uchikura
President / CEO
Pacific Software Publishing, Inc.
ken.uchikura＠pspinc.com
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ABOUT PSPINC
PSPINC (Pacific Software Publishing, Inc.) is a technology company based in Bellevue, Washington, USA. Founded in 1987, PSPINC provides web hosting, email hosting, and other internet-related services to businesses and individuals worldwide.
In addition to its hosting services, PSPINC also offers website design and development, domain registration, and online marketing services. The company has data centers located in the United States and Japan, and it offers multilingual support to its customers.
PSPINC has a strong focus on customer service, and it has received numerous awards and accolades for its quality of service over the years. The company is committed to staying up-to-date with the latest technology and industry trends in order to provide the best possible solutions for its customers.
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