Advantages of Outsourcing Payroll

Free Up Your Time

A manual process of payroll would take much of working time which could be used instead to do more valuable and productive tasks and activities. For example instead of spending time with your payroll, you can have more time and attention for selling in your business and outsourcing your payroll can help you do this.

 
Reduce Costs

Through working with a payroll service provider, you can lessen the direct costs of processing payroll. Some studies show that a small-size business having 10 employees will usually spend an annual direct labor costs with payroll of $2,600.

 
Avoid IRS Penalties

Forty percent of small businesses spend an average of $845 every year for penalty of incorrect or unpunctual filings and payments according to IRS. Outsourcing payroll will help you to get away with these penalties. Many of national payroll services provider will rather be accountable of the said penalties for this case.

Alleviate Pain

Manual payroll is not an easy task and it is so stressful and laborious in many cases. Outsourcing a business’ payroll would free the business owners from the exhausting process of manual payroll.
Offer Direct Deposit

Many small businesses nowadays recognize the fact that employees prefer direct deposit and outsourcing payroll service is a way to do it. Moreover, direct deposit is beneficial for business owners as it prevent consuming much time and more possible errors in handling papers as well as reconciling individual payroll checks per month.