Outsourcing Payroll

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It had to happen. Reading personal finance blogs finally paid off. Your side gig or business idea exploded to the upside. Maybe you decided it was time to hire a household employee (nanny or groundskeeper).

Worse, you started reading this blog and finally pulled the trigger on your own accounting/tax firm. Now you have clients with payroll issues and you don’t want to spend the time or deal with the headaches of payroll. Your goal was a side gig, not an albatross.

You might have your own small business turning a tidy profit, but the taxes are killing you. You stumbled into this room and discovered there is another way, a way where you can earn the income and pay only a small portion in taxes.

Then you hear about this crazy accountant from Wisconsin promising to share his strategic alliances with readers only to discover he is a slacker. Until today.

There was more work involved than originally anticipated. It was all worth the effort. I have a major national payroll service with dedicated staff trained in my tax and wealth building philosophy.

You can do it yourself and take a chance you get it wrong; you will. Or you can cough up a hairball buying payroll software that is more expensive in many cases than hiring a professional team to do all the work for you. Time value of money, folks. Time value of money.




Don’t get me wrong. You can do it yourself correctly if you spend enough time at it. QuickBooks and similar software has made the complexities of payroll easier than ever. The problem is payroll is best handled by people who do it all day long and are on top of payroll law changes as they happen.

In my office I could not handle everything so I sold my payroll department to the company I will introduce shortly. The transfer was smooth except from my end, once again. (You either do a lot of payroll with dedicated staff or farm it out so it gets done right.)

No more delay, it’s ADP. I have been hard at work training a team inside this awesome payroll service company so they understand the FIRE (financial independence/retire early) community. This team understands maxing out retirement accounts and optimizing small businesses to reduce taxes to the lowest allowed by law.

Wouldn’t it be great if you could hire this same team? At a discount! And that is what I did. I have a lead at ADP, the largest payroll service in the nation, who will handle your personal payroll and even payroll for larger businesses, (and tax offices wanting to focus on tax only) with a 20% discount just for mentioning The Wealthy Accountant. This means your side gig tax prep firm doesn’t lose high fee clients with payroll because you don’t handle payroll. Problem solved!

The Wealthy Accountant and ADP partnership gives you top notch payroll service and support and a 20% discount. Click this banner or contact ADP by phone or email. Mention The Wealthy Accountant so you get your discount.

If you want to engage the same team at ADP I work with, call Chris Dudley at 414-502-9884 or email at Christopher.Dudley@adp.com. Tell Chris you are from the Wealthy Accountant blog and you will receive a 20% discount based on your circumstances. (Payroll can vary between companies so work with Chris. He is awesome at getting you the best deal.)

As an added bonus, if you use Chris you will also have me as a backdoor. I can review your situation with your approval. No more guessing if you are paying yourself correctly to pass IRS scrutiny. (This involves the LLC and S corp issues for those wondering.)

Don’t worry if you live far from my office. I worked with ADP to extend our reach into every section of the country. A qualified rep from ADP near you will help you with your payroll needs. You do this all through Chris so he can orchestrate the process and contact me if there are any issues.

That’s it. No long winded post from yours truly today. Hard, honest, straight to the point information. (That and I leave for Camp Mustache today and time is tight. I speak twice at Camp this weekend.)

Note: I have a surprise for you in next Monday’s post (Memorial Day here in the States). You don’t want to miss it and a Camp Mustache IV roundup is scheduled for next Wednesday. Now all I need to do is decide what I want to share on Friday’s post.

Enjoy the gateway weekend to summer, kind readers. If you have any ideas to improve the payroll service offered, be sure to leave a comment below. There is no doubt this strategic alliance will evolve as more businesses and accounting firms join the train.

 

Note: Updated information will be provided on TWA Recommends page. Check there for any additional contact information



The Wealthy Accountant and ADP partnership gives you top notch payroll service and support and a 20% discount. Click this banner or contact ADP by phone or email. Mention The Wealthy Accountant so you get your discount.

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Keith Schroeder

4 Comments

  1. Tracey Hamilton on May 24, 2017 at 11:31 am

    Thank you!! I’ve been following you for a while now, and you have been hugely helpful. Been considering the purchase of two HRB franchise offices, and while I am intrigued by the opportunity and long-term potential, I’m much more impressed by the example you’ve set and the suggestions you’re making.

  2. MrWow on May 24, 2017 at 1:08 pm

    This is great advice, so what is your take on a SaaS type thing? We use Gusto (formerly ZenPayroll) and it’s fairly cheap and they take care of all the filings for us. I understand there’s not really a person that I can call and talk to, but it’s pretty simple, and they give us all the paperwork our accountant needs.

    Just wondering from your perspective, advatanges/disadvantages?

    • Keith Schroeder on May 25, 2017 at 12:15 am

      I think you should use what works for you, Wow. My goal, however, is to outsource as much of the work as possible and focus on what I am best at. (I haven’t used Gusto in the past so I have no reference.)

  3. […] I delegated payroll accounts in my office to a team at a national firm I trained. People calling the office need payroll. But my […]

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