5 reasons to hire accounting consulting agency.

When you first open a business, you may not realize at first, all the legal responsibilities an employer will have. An accounting advisor can help you to focus on those tasks that you will enjoy the most, and work toward your business to thrive, while an expert handles the technical parts.

Here we present 5 issues that you must take care of your payroll. Whereby is much more convenient to hire an expert at Casa Hispana.

1. Workforce classification.
The employers have to withhold the income tax due and the social, the social security tax on the employees the payroll check. On the other hand, the independent contractors are responsible of declaring and paying their income taxes and their social security taxes.

Businesses use some criteria to determine how to classify their employees, which includes the degree of control that the business have on their workers. For instance, the most control the company has over their workers, the higher the probability that the worker is an employee rather than an independent contractor.

The important thing is that the employer has the right to control how the services are performed, these services include:

- When and how to perform the job
- Which tools or equipment should be used
- Which employees are hired to work or to assist with the job
- Where to buy the supplies or services
- Which job has to be performed by each individual
- Which order or sequence will be followed

Most of the employees make the effort to fulfill their tax payroll related obligations. If an employer makes a mistake when classifying an employee as an independent contractor, the employee must correct this mistake.

2. Administrative Management
This side of the business can be a struggle when you do not have a designated department for the admin tasks, which is what happens with the majority of small and medium size businesses; although, even if you have this department, in many cases it cannot fulfill all business demands.

If accounting fails, it can become a problem in which someone may not know, in detail, incomes, outflows and the amount of taxes the business should pay, which can make the operations stop, causing economic loss or generating fines for filing tax declarations with mistakes.

3. Up to date
A really complicated task for a business is to be able to carry all paperwork and transactions on time. The counselor will take care of the management issues to get the business all the documents and processes be filled accordingly.

4. Confidentiality
To guarantee the confidentiality and professional secrecy of each one of our clients should be your priority

5. Taxes payment on a timely manner
The season for tax filling stars after the IRS work to update their program and approve their systems to take in considerations the second payments of the economic impact and other changes of the tax law. These changes are complex and lengthy to help ensuring