Following are some of the factors to be considered by the employer before opting for outsource payroll processing / outsourcing Payroll services:
The features that are to be considered regarding basic payroll processing service include, features that are provided by the payroll outsourcing for accountants company service provider the vertical or industry expertise, the payroll reports processed, the confidentiality practiced, additional options provided along with the basic service package and the most important of all the cost associated with the services.
The tax filing services features that are been evaluated include the accuracy related to tax filing & processing, the taxes been processed by the payroll processing outsourcing service provider, the presence of third-party tax processor and the most important factor to be considered is the cost associated with the services.
Direct deposit services features that are evaluated by the employer prior to opting for this service include the process of signup, the processing fee & back charges associated & above all the cost of service offering. One of the factors that are crucial for such decision includes the service access or facilities provided to employees.
Small payroll outsourcing service providers do not provide this service; the employer has to decide the futility of it in order to decide upon the service providers. The risks associated with this kind of service include the breach of confidentiality & the safety of signature generated.
The payroll outsourcing service provider also facilitates the data collection pertaining to the employees, to the employer. The main factor that is to be considered while going for this feature is cost.