Here are the five reasons you need to hire our Payroll Service:
Time Savings
Regardless of the number of people employed by your business, attending to payroll demands a great deal of time and attention to detail. Pay period follows pay period, each time requiring the business owner to input considerable amounts of data and double-check for any keying errors—time taken away from tasks a company must attend to (including service to valued customers).
Cost Savings
Time saved is money saved. Think of the time required for each of the followings:
Calculating payroll each time period
Printing, signing, and distributing paychecks or pay stubs
Generating reports for in-house and accountant use
Preparing and remitting payroll taxes and returns to government agencies
Enhance security
Payroll processing is a complex and potentially risky business operation. Even with trusted employees, there is always a risk of identity theft, embezzlement of funds, or tampering with company records for personal gain. There's also an ever-present risk when using in-house payroll software: How safe and secure is payroll data on the company's server or network? This nagging question can consume a business owner's energy and attention as well.
Compliance with government regulations
Business organizations know the deductions involved with employee payroll can be complicated, income taxes among them. At the same time, they are legally responsible for any cases of misrepresentation or a failure to accurately report employment taxes to the government agencies.
Government rules and regulations are sometimes changing and business owners can't be expected to stay on top of these changes. Professional payroll providers, on the other hand,must stay current with rules, regulations and changes in tax rates.
The expertise of professionals
A professional payroll provider employs individuals who know payroll processing inside and out. These individuals specialize in the complexities of payroll taxes, as well as compliance with government regulations. It's what they're trained and experienced to do.