I currently process payroll for one company and have discovered that I love this type of work . I am taking classes to get my CPS. If I were to start a payroll company, how are taxes paid by the authorized representative? I am reviewing a few software programs that I would use to be able to offer direct deposit for my clients. I am just wondering how companies or business handle this.
Additionally, during my research i ran across topics such as ADP using the money gained from clients and reinvesting it to build interest. Is this common practice?
I appreciate any insight . I am fairly new to this field, but I have a passion to learn more about it.