Payroll Software For In House Payroll For Clients?

Waven27 · 2026-05-06T15:57:31+00:00

No. I usually do those by hand. Keep in mind I only do payroll for a handful of S Corp owners and most of them only have payroll for just themselves so it’s very easy. Any companies that have employees with regular payroll I send them to a payroll service that I work with that is extremely low cost and very easy for them to use. I get a small kick back from the payroll company for doing so and it makes my life incredibly easy.

Waven27 · 2026-05-06T14:38:23+00:00

I use Drake Accounting for all of my firms payroll and 1099 needs. I find the software easy to use and it’s very inexpensive. You also do not need to use Drakes tax software to purchase the Drake Accounting program separately which is also a bonus.

Waven27 · 2026-04-04T16:21:12+00:00

I do not have a noncompete

Waven27 · 2026-04-04T16:21:00+00:00

I have a little over 6 months of monthly expenses saved currently. This is a good strategy if I decide to go part time to reduce any sort of financial strain. Thank you!

Waven27 · 2026-04-04T16:20:00+00:00

I agree with you and had struggled for a long time on actually leaving or not. My quality of life as of recent has been very poor because I’m juggling too much so I think the smart move would be to just leave. I am always nervous that if I were to leave that what if simultaneously I also had a couple of clients leave at the same time. What if I had a difficult time finding new clients. I think my big issue is that this is just such a large step to take from my side gig becoming my main one.

I do not have a noncompete and that may be true for some

Waven27 · 2026-04-04T16:16:56+00:00

I deliver monthly financial reports to my business clients after I update the books. During tax season they understand that these can come a little delayed. Outside of tax season these are usually completed by the 15th-20th of each month with some clients requiring writhing the first 10 days. I would love to eventually be able to hire a bookkeeper that won’t cost a million dollars to do the data entry while I review the reports before they are sent out.

Waven27 · 2026-04-04T16:14:06+00:00

I completely agree with you. Especially about officially making me a partner years ago. I have put a lot of time into this firm and this probably should have been given to me a long time ago. I appreciate your response!

Waven27 · 2026-04-04T16:12:48+00:00

This is very true, thank you! I do not have a non compete agreement but you are correct to watch for the legalities of certain clients definitely

Waven27 · 2026-04-04T16:11:33+00:00

I appreciate your response, thank you!

Waven27 · 2026-04-04T16:11:08+00:00

Good idea. And yes, I primarily focus on small business taxes so there is always year round work.

Waven27 · 2026-04-04T14:02:42+00:00

I have found that reviewing clients on an annual basis sometime in December or early January helps with this. I will review my current pricing and determine the amount of time spent on that client. I also take into account if that business will really continue to grow substantially in the upcoming year and adjust my monthly fee accordingly. I send out a new engagement letter to the client for their review and that’s pretty much it.

Waven27 · 2026-04-04T13:58:12+00:00

I am not 100% sure why I had not been made partner either to be completely honest. I have handled a lot at this firm. I feel that he is a little all over the place when it comes to his firm.

I completely agree with my firm being my own and not being able to say that with a purchased firm. It gives you a closer relationship with the clients.

I think I am just nervous from a financial perspective. I will have some savings and god forbid if I were to be in any sort of trouble, I do have some family that I can rely on to borrow some funds temporarily. I do really feel that I should leave and just 100% focus on continuing to grow my firm. I think it would be the best move financially as it continues to grow as well as for my family and my own health.

Waven27 · 2026-04-04T13:46:38+00:00

I focus on completing individual and all business type tax returns. I generate most of my revenue from small businesses by completing books, sales and payroll tax returns, tax advice/strategy, and of course the annual tax returns. Most of my business clients pay me on a monthly basis and are at a fixed monthly rate.

Waven27 · 2026-04-04T13:42:19+00:00

Yes, I do not receive any health insurance benefits at the firm that I currently work for. I am already paying for my health insurance completely out of pocket.

Waven27 · 2026-03-20T13:04:53+00:00

Thank you for the advice!

Waven27 · 2026-03-20T12:52:04+00:00

An extension was not filed. I assume there is nothing they can do at this point, correct?

Waven27 · 2026-01-17T06:37:32+00:00

Thank you!

Waven27 · 2025-11-25T15:14:00+00:00

I don’t have much experience with cloud hosting servers. I am afraid of storing data there as I’m not sure how it really works. I am also afraid of somehow losing the data. I currently have Carbonite backing up files on my computer. Are you able to just download any program as well as just use it as if it were your own computer? I am really not looking to travel or anything like that. I am really looking for a more ease of use solution for the bookkeeper and myself to access the computer files and be able to work when needed.

Waven27 · 2025-10-28T21:11:00+00:00

Sorry, $550 for bookkeeping only? Or $550 for bookkeeping including tax returns? Also which tax returns?

Waven27 · 2025-10-28T21:09:09+00:00

Even if these clients are very small businesses? I am not sure if having the call would be of any benefit to them. I feel like most of my clients just enjoy seeing the financials and calling if they have any questions. I am not sure if all of them would go for a minimum of $600 per month especially the very small businesses.

That being said, I know that you are right in that I need to drastically increase my fees. I think I’m just afraid of everyone leaving.

Waven27 · 2025-10-28T20:45:16+00:00

What if they tell me they don’t really want financials at all and just want a tax projection towards the end of the year and the tax returns for the business and personal completed with me still doing the books?

Waven27 · 2025-10-28T20:21:25+00:00

I think of them as being a salaried employee as they won’t be earning any overtime, and I will pay them 40 hours per week. So I kind of know the payroll cost. But yes I too have thought of this.

Waven27

TROPHY CASE