How much do payroll services cost for small businesses?

The cost of payroll services can vary depending on the features you need and the size of your business. On average, most small businesses can expect to pay between $20 and $200 per month for payroll services

Can payroll services handle tax filing?

Yes, most payroll services automatically handle federal, state, and local tax filings, ensuring compliance with tax laws.

Is it better to outsource payroll or manage it in-house?

Outsourcing payroll saves time and reduces the risk of errors. It is often more cost-effective for small businesses to outsource payroll rather than hiring a full-time staff member to manage it in-house.

Can payroll services handle benefits administration?

Many payroll services also offer benefits administration, helping small businesses manage health insurance, retirement plans, and other employee benefits.

What happens if payroll errors occur?

If errors occur, most payroll services offer guarantees and will correct the mistake and handle any penalties resulting from their error.

Can I use payroll services for both full-time and part-time employees?

Yes, payroll services can handle payments for all types of employees, including full-time, part-time, and contract workers.

WHAT IS GST RETURN FILING? WHO SHOULD FILE AND THE DUE DATES FOR GST ANNUAL RETURN

GST Return Filing refers to various returns to be filed under the GST Regime. Through these GST Returns the taxpayer intimates to the GST department Summary of his Sales and Purchases during the month. Well, it is a document that states details of the taxpayer, the sales made by the Business, the Output tax and the Input Tax Credit claim (on purchases). This acts as the basis of calculating tax liability payable.

Who should file GST Annual Return?

All Registered taxpayers have to file GST returns as per the Due dates specified by the GST Department. Commonly Business owners have to file 2 GST returns monthly (GSTR-1, GSTR-3B) and an annual return annually (GSTR-9/9C).

Due dates for GST Return Filing:

GST Return Form Name	Description	Filing Period	Due Dates
GSTR 1	Annual Turnover of more than 1.5 crores in the previous financial year	Monthly (December 2020)	11th January 2021
GSTR 1	Annual Turnover upto Rs 1.5 crores and opted to file Quarterly Return (Oct-Dec’20)	Quarterly	13th January 2021
GSTR 2	Currently suspended (since September 2017)	Monthly	15th January 2021
GSTR 3B	Annual Turnover of up to INR 5 crore in the previous financial year Category 1: Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, Daman & Diu, and Dadra & Nagar Haveli, Puducherry, Andaman, and the Nicobar Islands, Lakshadweep	Monthly	22nd January 2021
GSTR 3B	Annual Turnover of up to INR 5 Cr in Previous FY – December 2020 Category 2: Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand, Odisha, Jammu and Kashmir, Ladakh, Chandigarh, Delhi	Monthly	24th January 2021
GSTR 3B	Annual Turnover of more than INR 5cr in Previous FY – December 2020 Outward supplies along with input tax	Monthly	20th January 2021
GSTR 5	Tax Payable by the non-resident taxable persons:	Monthly	20th January 2021
GSTR 6	Payable by an input service distributor to distribute the eligible input tax credit to its branches.	Monthly	13th January 2021
GSTR 7	Return for authorities carrying out tax deduction at source.	Monthly	10th January 2021
GSTR 8	Return for E-commerce operators and the amount of tax collected at source by them.	Monthly	10th January 2021

Due dates for annual GST Returns:

GST Return Form Name	Description	Filing Period	Due Dates
GSTR-9	Annual return for a normal taxpayer ( FY 19-20)	Annually	28th February 2021
GSTR-9A	Annual return to be filed by a taxpayer registered under the composition levy anytime during the year.	Annually	28th February 2021
GSTR-9C	Certified reconciliation statement	Annually	28th February 2021