the benefits of payroll outsourcing

The Benefits Of

Payroll

Outsourcing

Payroll operations are complex and time-consuming,

which is no doubt why businesses often opt to use a

payroll outsourcing service.

Payroll Outsourcing Benefits

Hiring an outside service saves you time.

Allowing experts to manage your payroll leads to an

abundance of time and energy that can be invested

elsewhere.

Payroll Outsourcing

Benefits

Outsourcing your efforts can actually save you money.

Processing payroll internally can be surprisingly

expensive when accounting for all the staff resources

involved.

Cost assessments tend to indicate that outsourcing

payroll management is more financially sound than in-

house processing.

Payroll Outsourcing

Benefits

A full team of experts will help you avoid penalties.

Withholding and paying federal and state taxes, in

addition to maintaining knowledge of ongoing changes

to relevant rules and regulations, can be complex and

confusing.

If your business performs these tasks incorrectly, you

may be penalized at 100 percent of the balance owed,

and may be ordered to pay interest. Legal prosecution is

even a possibility.

Payroll Outsourcing

Benefits

Who’s Doing Your Payroll?

Payroll processing companies provide a range of

services.

Primary options include:

calculating payroll and tax obligations

printing and distributing checks

completing reports

Who’s Doing Your

Payroll?

Factors When Outsourcing

Payroll

A high level of customer service should be available, for

instance, to ensure accessibility and open

communication. The firm should also be bonded to

protect against the possibility of financial mishandling.

Factors When

Outsourcing Payroll