Save Time & Money By Outsourcing Your Payroll

An incredible amount of time is spent on payroll

. Business owners are required to make several calculations every time the pay period ends, and they must be correct or else they will be contacted by the government agencies. They may even be required to pay fines if they did not pay the full amount owed. These duties increase at the end of the year when employers are required to prepare W-2s and 1099s for those who work for them. All of these tasks can be highly time-consuming, and they offer the opportunity for outsourcing payroll services.

Eliminates the Possibility of Mistakes and Penalties

Outsourcing payroll services requires that employers give up control of a very important part of their businesses, but using an online payroll service can keep them from being penalized should they make a mistake. The professionals at an online payroll service are well aware of the rules and regulations used in determining how much taxpayers owe in local, state and federal government taxes. Employers who figure these amounts incorrectly often receive fees and penalties for underpaying the amount owed. Outsourcing payroll services means that these employers will not receive any fines in the future for any mistakes made.

Decreases the End of the Year Workload

Since payroll is an online payroll services main concern, the company can ensure that it completes every tax report when it is due whether it needs to be submitted on a monthly or a quarterly basis. At the end of the year, employers have to send their employees and contractors their W-2 and 1099 forms. Those who take advantage of outsourcing payroll services do not have extra work at this time because the online payroll service does all of this for them.

The Payroll Service Takes Care of Any Potential Problems

As was mentioned above, employers have been known to make mistakes when figuring the taxes that everyone owes. In the case of an online payroll service, those who make the mistakes will receive the fines, not the businesss owners. Also because the online payroll service is taking over the entire payroll duties for the company, employees can be sent directly to the service if there are any issues that need to be discussed. For example, the online payroll service will complete the workers comp and unemployment audits and not the employer, saving the employer hours that are better spent elsewhere.

Employers Can Focus Their Attention on Running the Business

Outsourcing payroll services saves employers the immense amount of time it would require to perform payroll duties, and they do this without charging an exorbitant amount of money. The billable hours that employees spend on payroll can be cut down to zero, and these employees can apply their talents in other areas of the business, including how they are going to increase the companys bottom line.

Decreases the Possibility of Employee Misconduct

Although employers may not like to consider it, employees have been known to engage in illegal activity when handling the payroll duties. Taking these responsibilities out of the employees hands decreases the amount of time that employers have to make sure that everything is being done, as it needs to be. If there is anything out of the ordinary within the paperwork, the online payroll services have the capability to detect it early on.

by: Shaneh Woods

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