Payroll

Why Outsource Payroll

1. Free Up Your Time
Payroll processing by hand is a time-consuming process. Outsourcing payroll can free up staff time to focus on more important value-added and revenue-generating activities. Inc. magazine recently identified the #1 task for small business to outsource is payroll.

2. Reduce Costs
The direct costs of processing payroll can be greatly reduced by working with a payroll provider. Research indicates that a small business with 10 employees will typically spend $2,600 per year in direct labor costs.

3. Avoid IRS Penalties
According to the IRS, 40 percent of small businesses pay an average penalty of $845 per year for late or incorrect filings and payments.

4. Direct Deposit
Increasingly, small businesses recognize that employees want direct deposit. Not having to make a trip to the bank is an important convenience for them. More importantly for business owners, direct deposit eliminates time-consuming and error-prone paper handling and the need to reconcile individual payroll checks every month

5. Avoid Payroll Knowledge Walking Out the Door
If your bookkeeper or controller gets a new job, they will walk out the door with their knowledge of the payroll process and how you do it. Using an outside service eliminates that business risk.