Odds are when you first launched your small business, the vast majority of tasks fell on your plate. However, as your business grows, it is simply impossible for you to perform each and every task within your business. However, you may not be sure what areas of your business are the best to delegate—or whether tasks should be delegated internally or externally. Below are a few excellent ways to free up more time in your schedule, which can then be reinvested back into building your business.
Payroll
Managing your payroll is not only time-consuming, but the ever-changing payroll laws can be challenging to understand. Not to mention the costly consequences of payroll violations—even if the violation was a sincere mistake. By outsourcing your payroll to a Roanoke payroll specialist, you can rest assured that your payroll is processed both accurately and on time—each and every payroll cycle.
Bookkeeping And Accounting
If you currently manage your own bookkeeping and accounting, consider taking these two tasks off your plate, and instead placing them in the hands of a trusted Certified Public Accountant. This will not only save you time, as a CPA will do more than create free time in your schedule—but will also alert you to areas of opportunity in regards to your business, finances, and tax planning.
HR Related Responsibilities
Even if you prefer to do all of the hiring within your business, consider delegating many of your HR responsibilities to a full-time or part-time HR specialist. This includes items such as screening candidates, the first round of interviews, new hire paperwork, and some or all of the new hire training. You may even be able to use a recruitment agency to do much of this for you.
If you are a small or mid-sized business owner in the Roanoke area, and are in need of Bookkeeping, Accounting, and Payroll services—reach out to CPA Micah Fraim today at (540) 314-0345.
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