Even the most meticulous and experienced professionals find that payroll can be a headache.
Companies often initially process payroll themselves for any number of the following reasons:
- They consider in-house processing to be more cost-effective than outsourcing
- They are protective of wage information
- They want to maintain control over payroll data to handle last-minute changes.
Companies with stable, salaried staff and minimal changes in tax obligations may find it convenient and efficient to manage in-house but when you factor in the time spent managing the process it is not a cheaper option. Also one needs to invest in a proper knowledge of payroll procedure and access to a sound payroll program and it can be ease your mind.
Our services broadly include -
- Payroll Processing
- Assistance in statutory compliances in relation to payroll services
- Assistance in tax issues related to payroll of individuals
- Personal employee support services concerning their payroll matters.
- We can customize our services to meet your particular requirements and can address your queries related to payroll matters.
Benefits of Outsourcing
Free Up Your Time – Outsourcing payroll can free up staff time to pursue more important value-added and revenue-generating activities. Inc. magazine recently identified the #1 task for small business to outsource is payroll, along with most accounting tasks.
Reduce Costs – The direct costs of processing payroll can be greatly reduced by working with a payroll provider.
Alleviate Pain – Manual payroll is a headache in the best case and a nightmare in the worst case. Business owners who outsource payroll eliminate a tiresome source of personal pain.
Offer Direct Deposit
Providing direct deposit is difficult if a company doesn’t use an outside payroll service. 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.
Avoid Technology Headaches – A constant question for small business is if the software using the correct tax tables installed on their computer. Using the wrong tax tables can result in penalties.
Leverage Outside Payroll Expertise – Most business owners and controllers don’t have time to keep up with constantly changing regulations, withholding rates, and government forms. By outsourcing payroll, a small business can take advantage of expertise that was previously available only to big companies.
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.