Payroll programs have several advantages no matter what size business you are running. If you have not yet considered payroll management, you may want to consider it.
Employee Payroll Access Online enables clients’ employees to access their Forms W2, check stubs, and personal and payroll information online so the employer is not burdened with inquiries. Small business payroll services can free up a ton of your time. If you know how to do payroll, you are very aware of what a time consuming process it can be. Inc. magazine recently identified payroll as the number 1 task for small business to outsource to payroll programs, along with most accounting tasks.
Payroll and payroll accounting are not only time consuming, but something that is important to get right. Most of us know how it feels to have something wrong with a paycheck, so there is always added pressure. Payroll processing companies eliminate this pressure and free up time for more important business elements like brand development and customer service.
The average small business owner must file 32 tax deposits and 16 tax returns each year, a task which is fraught with the potential for error. Another benefit of working with a payroll processing company is that avoid any IRS fees due to incorrect filings and payments. With the Taxpay® service,companies like Paychex assume responsibility for reporting and paying a client’s federal, state, and local payroll tax liabilities. Payroll programs eliminate the time and hassle associated with calculating and filing tax payments and returns. Assistance in managing unemployment matters is also provided.
Finally, most business owners do not have time to keep up on changes in policies in things such as payroll tax, as they have a business to focus on. Outsourcing your payroll programs to payroll providers gives you piece of mind that they are as up to date with payroll rules and regulations as possible.
Whether you want to save time, money, or avoid making payroll processing errors, outsourcing your payroll may be the option you are looking for.