As a company grows, its tax liability grows with it. For an expanding company, payroll tax administration can sap time, energy and precious staff resources.
Take, for example, a Massachusetts-based research and manufacturing firm. This young company signed on as a client of Genesis in early 2004. In just four years, the small firm increased in size – from 10 employees to 60. During this same period, the firm also opened offices in other states.
Such rapid growth brings a host of new complications where taxes and payroll are concerned. But the managers of this firm have never had to think about them. By outsourcing to Genesis, they place that onus on a talented team of professionals who carefully follow all of the details and steps required by federal, state and local tax codes.
When the firm opened in a neighboring state, Genesis took care of the registration papers. When the firm hired new employees, Genesis processed all of the required payroll and tax forms.
As businesses grow, many owners do not have the resources or the necessary human resource training to meet the demands of being an employer. Genesis gives small-group markets access to many benefits and employment amenities they would not have otherwise.
“As a rapidly growing entrepreneurial firm, our HR, Benefits, and multi-state Payroll and Payroll Tax needs continue to become more complicated. By partnering with Genesis, we get the professional and timely support that we need without having to hiring our own staff of HR and Payroll specialists.”- CFO
To learn more about companies that have benefited from a partnership with Genesis, review our testimonials.