online payroll

If you’re struggling to process payroll for your ROBS business or ROBS arrangement franchise, you’re probably using an outdated payroll system. Online payroll applications have turned this once frustrating and time-consuming task into a quick check off your day’s to-do list. When you start using the online payroll system offered by Baum CPA, agonizing over payroll will be a thing of the past.

Our payroll solution for ROBS businesses and ROBS arrangement franchises is easy to use when you’re on the go, and works seamlessly with QuickBooks Online. We’ll walk you through the set up and then, with just a few clicks (or taps) you’ll breeze through running weekly payroll, creating reports, adding new employees, and much more. Do you worry about calculating payroll taxes correctly? Not anymore. Our online payroll system automates your payroll tax filings, eliminating the fear of mistakes.

ROBS Shareholder Payroll

When you are the shareholder, manager, and retirement plan sponsor of your corporation, you must wear a lot of hats and you need to know how to decide, record, and pay a reasonable salary. Reasonable salary requirements within a C-Corporation are far more complex than your regular old S-Corporation.

We help shareholders decide upon what would be a reasonable salary and we explain how this impacts the company bottom line. If your salary is too low, the IRS might think you owe them some employment taxes. If your salary is too high, you might be putting your interests above that of the shareholders. We will help you find the right salary with the aid of market research and discuss how to properly document and pay shareholder wages. This ensures that the ROBS entrepreneur is being proactive in justifying a reasonable wage that also puts the shareholders first.

Has your current accountant explained your ROBS shareholder salary? No? Then request a consultation now or call us at 719-493-9499 get started.

Online Payroll Features for Business Owners:

  • Online payroll that works with QuickBooks Online
  • Calculate payroll taxes automatically
  • File payroll taxes electronically to avoid tax penalties
  • Employee timecards & direct deposits
  • 24/7 access to payroll reports
  • W-2 & 1099 filings
  • HR tools & Workers Compensation resources
  • Integration with other business solutions