The Cost Savings Facts About Our Accounting, Tax, and Bookkeeping Outsourced Services

If you hire a $15 an hour employee you will pay 7.65% in FICA taxes, 2-14% in state unemployment taxes, and .3 % in worker’s compensation insurance. So your $15 an hour employee is actually going to cost you around $ 21 per hour, not to mention the hike in your unemployment insurance if you have to fire or lay them off. If bookkeeping staff are added to make your total business employees 11 FTE’s  (11 40 hour employees) in Massachusetts you will have to provide them with health insurance, which may cost more than the salary you pay them. Also $15 an hour is a low average for competent bookkeeping help, which may range up to $18-$20 per hour.  At these rates total costs would range from $22 to $25  per hour. You would also have to add in costs for your own supervision and review or a third party who would perform high level tasks such as tax filings for substantially more than $25 per hour.

Outsourcers such as Patriot Tax and Bookkeeping, Inc. assume all these taxes and risks. All you will have pay is a reasonable rate per on going service on site or off site or special project and that’s that. We guarantee all our work per written corporate policies, so you can rest assured that you’re getting your money’s worth for the work done and the high level of the work done.

Call Blaine at (978) 604-4253 or email patstax@gmail.com.