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What are the positives and negatives of payroll function performed within a company?
Well, payroll accounting IS a bit complicated. Tax laws change every year. I work for small businesses as a bookkeeper, and I frankly and openly admit to my clients that I'm not qualified or up-to-date on payroll taxes and laws. [ That's not a big deal - I can handle everything else. So the clients I have do in fact outsource their payroll. Now, for larger companies, they can actually afford to 'employ' a CPA to take care of payroll. Such a person CAN do payroll correctly and DOES know the ever-changing tax laws. ]
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Asked 9/22/2012 5:50:54 AM
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