3 TAX BENEFITS OF HIRING AN ANSWERING SERVICE FOR THE NEW YEAR
1. Tax deduction:
An answering service, when used for business, is a business expense. Therefore, there is no better time than now to hire a service and get the benefit of a full year deduction.
2. Reduce/avoid Payroll Taxes:
An answering service saves you money when compared with hiring a receptionist. The cost of interviewing, hiring and training a new employee is typically $4,000, and the average receptionist will cost $41,600 or more in salary per year, not including payroll taxes.
3. Saving on payroll saves you on workmen’s compensation coverage:
Reducing payroll means reducing your workman’s compensation cost. Along with the tax savings benefits, an answering service does not require bonuses, holidays, sick days, or vacation time. No receptionist can remain at his or her desk 24/7, which means you may need to pay for a back-up system or costly overtime.