Common Small Business Payroll Challenges
As a small business owner, your time is sacred as you're stretched thin with many tasks and challenges.
As a small business owner, your time is sacred as you're stretched thin with many tasks and challenges. One major time suck and headache is running accurate payroll. From keeping up with local, state, and federal regulations, managing employee benefits and leave, withholding payroll tax, maintaining the proper payroll records for tax purposes, and sending reports to the appropriate entities – payroll can seem like a high-maintenance date.
Luckily, managing payroll for your small business can be a breeze with the right solution at your fingertips.
Navigating payroll challenges
as a small business owner
In the past, small business owners have fought an uphill battle to find payroll solutions that truly meet their needs. But gone are the days where your only option was doing your payroll manually or purchasing complicated (and expensive) software with all the frills you don't need.
Fortunately, new and innovative solutions can help you ease small business payroll tasks. Here are some challenges met by new payroll technologies:
Working with lack of time: There are all sorts of different things you have to worry about being a business owner, and having payroll be a smooth, streamlined, and dependable process is good," says business owner Sean Wayne of S+A Invest | Design. New solutions help you get back to what you love about your business by streamlining payroll processes, digitizing forms and files, and auto-completing complicated payroll tasks.
Reporting and compliance: Local, state, and federal payroll reporting can be a headache when you're using antiquated tools. However, new-age payroll solutions help you generate payroll reports automatically, so you don't need to put effort towards staying up-to-date.
Managing the payroll of a growing workforce: It's a pain to make any change to headcount using traditional payroll methods. Thankfully new hire reporting and changing employee pay amounts, company info, and more are a breeze with new automated payroll tools.
Paying remote employees: "While a large percentage of US employers now allow their workers to work from home, there are a lot of challenges associated with it," says Disrupt Magazine. "If you're paying employees who work from home or have contractors in multiple states, it can be hard to keep track of all their hours worked and jobs completed. " Fortunately, there are innovative payroll processes that make it possible for small business owners to track virtual worker's hours with complete precision.
Being budget-conscious: Not too long ago, there was no other option but to pay hundreds, if not thousands of dollars per month on a payroll solution. Luckily, there's a new, affordable payroll tool that doesn't require any long-term contracts.
If you're ready to meet a new-age payroll solution, then say hello to Roll– the first chat-based payroll app for small businesses backed by ADP®. The app makes it easy for small businesses owners to implement flexible and efficient payroll processes with ease. Simply download it and onboard yourself in just minutes, then text away to get payroll started.
Business owner Roberto Vernon-Galindo, of ChangeIT affirms the app is a small business game-changer. “ROLL has reduced the anxiety of having to do all this by myself or constantly wondering what else I need to do in terms of payroll." He adds, "That's a really big help because then you can just do it and focus on whatever you really need to focus on. For me, that's the big win."
Ready to focus on your business and say goodbye to endless payroll tasks?