Zenefits: 25% of Small Businesses Are Still Using Pen and Paper for Their Payroll

*This blog post is an excerpt from an article that I wrote for Zenefits. You can find the original here.

There is no more essential task for an employer than payroll. If you have people working for you, they’re going to expect a check at the end of the pay period. And if it doesn’t show, you probably won’t have employees for long.

Payroll can also be one of the most intimidating employer tasks. There are numerous regulations to be aware of, forms to file, and deductions to take. For example, will you deduct health insurance premiums, flex spending, or retirement contributions? How do you withhold taxes, Medicare, and social security? How many hours does an employee have to work before overtime kicks in? And what the heck is a FICA?

With all of these questions and the consequences that come from getting them wrong, it’s no surprise that so many small business owners find payroll to be daunting. But here’s what did surprise us: 25% of small businesses are still using pen and paper for their payroll records rather than investing in a reliable payroll software or accounting service.

Why? Let’s take a closer look at payroll accounting and manual record keeping.

read more button

Hey! Are you interested in learning more about content writing and marketing? Subscribe to my mailing list. I’ll even send you a couple of free gifts, including templates for your blog and email list. Just click the “free stuff” button below.

Free stuff button

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s