Tag «Payroll Outsourcing Now»

5 Top Benefits of Outsourcing Payroll?

Payroll outsourcing

Within a recent survey conducted by Actionable Research1, nearly 75 percent of CPAs who serve small businesses experienced that their clients do not have the essential expertise to handle the requirements of payroll services. And 68 pct. suggested their clients’ time would be better spent working on the many other needs of their businesses.

In our experience, business are using payroll outsourcing most often for these important reasons:

Free Up Your Time

Payroll control by hand is a time-consuming process. Outsourcing salaries can free up staff time for you to pursue more important value-added and revenue-generating activities. Inc. magazine recently recognized the #1 task for small business to delegate is payroll, along with most accounting tasks.

Reduce Costs

The immediate costs of Payroll service can be greatly reduced by working with a payroll provider. Our research indicates that a tiny business with 10 employees will typically spend $2, six-hundred per year in immediate labor costs associated with payroll.

Salaries outsource testimonial

Steer clear of IRS Penalties

According to the IRS, 40 per cent of small businesses pay an average penalty of $845 per year for past due or incorrect filings and payments. Most national payroll services provide a duty guarantee, ensuring that customers will

Worrying Will Get You Nowhere – Look for a Payroll Outsourcing Now

Small business owners understand the worry. They know that something as simple as making sure the payroll is done properly and on time can make or break the business. In today’s world, it is important to turn to outsourcing your payroll services because it will alleviate the worry when it comes to making your employees happy by having their paychecks on time and without discrepancies.

When you calculate the hours spent on payroll services done in-house and understand you have an employee who is responsible for managing your business data, as well as handling sensitive employee information, you worry about what could go wrong if that person decides to leave your business, commit fraud or use employee information for personal gain. Outsourcing payroll services remove sensitive information from employees. There is no reason for an hourly employee to know how much each employee is paid, whether or not an employee has a court-ordered garnishment or access to delicate company data. You have enough to worry about without worrying if your employee is not as responsible as you first thought.

You will manage your time accounting more accurately through a payroll service. You can increase profit because you will no longer use an employee in a