lutz logo
lutz logo
  • Services
  • News & Insights
  • About
  • Client Portal
Search
  • Services
  • Accounting
  • Advisory
  • Financial
  • M&A
  • Talent
  • Tech
  • Accounting Services
Services
  • Audit & Assurance
  • Client Advisory Services
  • Outsourced Accounting
  • Tax
  • Business Valuation
  • Litigation Support & Forensic
View All
Industries
  • Agribusiness
  • Construction
  • Family Office
  • Healthcare
  • Manufacturing & Distribution
  • Nonprofit
View All
News & Insights
Financial Access Checklist
Guide
Financial Access Checklist

Share this information with your spouse to assure you each have access to manage important financial tasks independently.

Read More
  • Advisory Services
Services
  • Accounting
  • Financial
  • M&A
  • Talent
  • Tech
View All
Resources
The Art of Budgeting
Recording
The Art of Budgeting + Smart Saving Strategies
Learn how to get your finances under control and increase your savings! Hear real-life examples and best practices to secure a successful future.
Watch Now
Business Insights
Comparing Business Valuation Methods
Blog
Comparing Business Valuation Methods: Which is Right for You?
Valuation experts rely on three primary approaches to determine the value of a business: income approach, asset approach, and market approach.
Read More
  • Financial Services
Services
  • Financial Planning
  • Investment Advisory
  • Retirement Plan Services
  • Pooled Employer 401(k) Plan
View All
Resources
  • Lutz Financial Blog
  • Our Team
  • Client Portal
  • Charles Schwab Login
  • Send Files Securely
Contact Us
NEWS & INSIGHTS
Website Featured Content Images
Market Commentary
Financial Market Updates

Read our latest financial market updates and sign up to receive them straight to your inbox.

Read More
  • M&A Services
Services
  • Sell-Side Representation
  • Transaction Advisory
  • Exit Planning
  • Business Valuation
View All
Resources
Selling a C Corporation
Blog
Factors to Consider When Selling a C Corporation

Understand the tax issues affecting both buyers and sellers involved in C corporation merger and acquisition transactions

Read More
Business Insights
Post-Acquisition Checklist
Guide
Post-Acquisition Checklist for a Seamless Transition
To help you navigate this critical period, we've compiled a comprehensive checklist covering key areas that demand attention after the deal closes. 
Read More
  • Talent Services
Services
  • Search & Staffing
  • Outsourced HR
  • HR Consulting
View All
Candidate Resources
  • Job Seeker Process
  • Current Opportunities
  • Lutz Internships
Contact Us
News & Insights
Overcoming Bias in Recruitment
Blog
Unconscious Bias in Recruitment: How to Overcome It
Learn how to take the bias out of recruitment and build a diverse, talented workforce with these tips.
Read More
  • Tech Services
Services
  • Outsourced IT
  • Data Analytics
  • Technology Strategy
  • Software Consulting
View All
Resources
When to outsource your IT
Blog
How to Know When It's Time to Partner with an IT Pro

One day your technology seems manageable, and the next you're wondering if you need more support. Here are the clear signs it's time to outsource your IT.

Read More
Business Insights
Untitled design (1)-Mar-08-2024-08-50-35-9527-PM
Video
Pella Client Testimonial
"I've used them for valuation work, stock transfers, hosting all of my technology, and now data analytics. I'd say they lead the pack in terms of anticipating what I'm going to need before I even know I need it."
View Now
Business Insights
BLOG
Explore Topics

Get the latest news and insights on relevant topics that matter most to you.

View All
Webinars & Events
Events
Register Today

Register for an upcoming event or access our library of on-demand recordings.

View All
Market Updates
COMMENTARY
Stay Informed

Catch up on market moves with our weekly update, featuring in-depth insights and analysis.

View All
Resources
EBOOKS & GUIDES
Download Now

Take a deep dive into challenging business topics with these free educational resources. 

View All
  • News & Insights
  • Business Insights
  • Webinars & Events
  • Market Updates
  • Resources
Business Insights
BLOG
Explore Topics

Get the latest news and insights on relevant topics that matter most to you.

View All
  • About
About

Lutz is a business solutions firm for people seeking a partner to help energize and heighten economic and organizational success.

Our Company
Our Team
Offices
Careers
Internships
Contact Us
  • Contact
Client Portal

Log in to your relevant client portal to access your account, upload documents, or make a payment.

Make a Payment
Accounting Client Portal
Financial Client Portal
Charles Schwab Login
Send Files Securely
Contact Us
  • Client Advisory Services

How to Choose the Right Payroll Method

Lauren Harris, Client Advisory Services Manager
August 2, 2017
How to Choose the Right Payroll Method

Payroll is probably the most complicated element of accounting. You’re responsible for so many groups of people, like your employees, organizations that provide benefits, and taxing agencies. Mistakes can result in unhappy workers and/or penalties from the IRS – or worse.

If you’re processing payroll manually, every payroll run involves many details. You must calculate salaries and hourly wages, withholding, and payroll taxes, variables that can change from one period to the next. If you make an error, you sometimes have to retrace your steps to make sure that it didn’t affect a different area of your payroll.

There are options for your consideration. Here’s what’s available.


Payroll services

You’ve probably heard the names of some of the companies that provide outsourced processing of payroll. They’re good at what they do, but that’s often all they do. You provide all your payroll details to them at the start and then report hours and any changes every pay period.


Payroll applications

There is numerous software that support do-it-yourself payroll that’s designed for individuals who aren’t financial professionals. Setup is key to the success of this option. You then enter the same data you would give to a payroll service: your timesheet information and any changes in benefits and withholding, as well as any modifications to your payroll structure. The software completes the calculations required for paychecks, including your federal, state, and local payroll taxes.

Common features you might find here include:

  • Payment by check or direct deposit
  • Off-schedule pay runs
  • Workers’ compensation support
  • Integration with accounting software
  • Payroll reports
  • Automatic payment of payroll taxes
  • Full-service payroll


Working with a CPA

Both payroll services and DIY websites can save you a tremendous amount of time and better ensure the accuracy of your payroll. If you don’t have an accounting/payroll specialist on your staff and you’re trying to fit this task in with your other managerial duties, you may not feel confident with your current payroll procedures.

As you well know, payroll is one of the major elements of your finances. If you work with a CPA firm, it will first learn all it can about your company and how payroll fits in. CPAs are good troubleshooters; they can spot problems and suggest solutions in payroll as well as other areas that may be affecting payroll (and vice versa). Of course, they can also take over your payroll tasks should you want that.

Whether you’ve just hired your first employee or you’re unhappy with your current payroll method, consider the time, money, and knowledge required by another approach. Keep in mind, too, how devastating it can be if you have prepared the payroll incorrectly or if the respective taxes and reporting are not being handled. Let us know if we can help you determine the best solution for your company.

The added peace of mind will allow you to have more time to focus on your company’s operations and its short- and long-term goals. That attention can translate into improved productivity and profits.

 

  • Learner, Input, Strategic, Intellection, Competition

Lauren Harris

Client Advisory Services Manager

Lauren Harris, Client Advisory Services Manager, began her career in 2016. She has developed comprehensive knowledge in business operations and consulting, building on her early experience as a finance and tax intern, while taking on leadership roles in training and development. 

Leveraging her background, Lauren provides outsourced accounting to clients across family office, construction, and service industries. She provides payroll compliance, accounting procedures assessments, and software implementation support. Lauren values building long-term partnerships with clients and serving as a trusted advisor for their businesses. Her analytical mindset and strategic thinking enable her to offer tailored solutions for each client's unique needs. 

 

Lauren lives in Lincoln, NE, with her husband Casey and their two dogs, Lucy and Rosco. Outside the office, she is an avid Husker Volleyball fan and can be found reading, golfing, and playing volleyball. 

402.514.0012

lharris@lutz.us

Connect on LinkedIn

Recent News & Insights

Financial Planning
Post-Sale Wealth Strategy: Managing Your Business Exit Proceeds
Closing a business sale is a major milestone, but it’s not the finish line. What comes after ...
Read More
401(K)
Case Study: 401(k) Redesign for a Growing Professional Services Firm
THE BACKGROUND The professional services firm had long offered a 401(k) plan, but it hadn't ...
Read More
Recent News
Lutz Announces 2025 Senior through Manager Promotions
Lutz, a Nebraska-based business solutions firm, recently announced multiple promotions to ...
Read More
Human Resources
Nebraska Labor Law Changes Employers Need to Know
July 24, 2025 Update: The Nebraska Department of Labor (NDOL) recently released the official ...
Read More
module-bg-desktop module-bg-mobile

Let’s get you where you want to go.

We work to simplify complexities, help make critical business decisions, and confidently focus on the things that are truly important to you. We embrace your business as our own to spark the right solutions and help you thrive.
Contact Us
Lutz-Logo-white
  • Services
    • Accounting
    • Consulting
    • Financial
    • M&A
    • Talent
    • Tech
  • About
    • Our Company
    • Our Team
    • Offices
    • Careers
    • Internships
    • Current Opportunities
  • Client Portal
    • Make a Payment
    • Accounting Client Portal
    • Financial Client Portal
    • Send Files Securely
    Submit RFP
TOLL-FREE: 866.577.0780 | © Lutz & company, PC 2025 | Privacy Policy
Follow us on Facebook Follow us on LinkedIn Twitter - X Logo Follow us on Instagram Follow us on Facebook