To save some money.
When you choose to handle your payroll yourself, it becomes a full-time job. Most businesses that do their payroll from the inside hire on a new employee. Between the hiring, training, pay, and bonuses, hiring on an employee to do payroll becomes a huge expense. Not to mention the training and the software that will need to be purchased to actually do the payroll. By using an outside service, you get to avoid the hoops of hiring on a new employee and you save some money in the process.
To avoid the extra work.
As mentioned above, taking care of payroll is a full-time job. It’s more than just plugging in some numbers into a software. The rules and regulations of payroll are constantly changing, and are pretty complex. As a small business owner, you have so much more to worry about than payroll. By handing the job over to an outside service, you won’t have to worry about constantly studying up on the newest rules of payroll.
To make your employees happy.
If there are ever any differences or mistakes in payroll, your employees will be the first to notice. When a payroll service takes care of things for you, you have a much smaller chance of error. Things like direct deposit are also a lot easier when you use a payroll service. Employees often prefer direct deposit- no one wants to have to go to the bank each and every pay period. By using a service, direct deposit is part of the deal, and it’s one less thing for you to worry about.
Sometimes it’s easy to get caught up in the day-to-day activity of your business that…
Can you believe we’re already in April? The year is passing by and we want…
Congrats! You’re starting a business to serve the people in your local community. How exciting!…
You’ve spent years working in construction managing projects and dealing with clients for former bosses.…
When selecting a payment processor for your nonprofit organization, you may be tempted to opt…
Data breaches and cybersecurity threats can threaten the security and privacy of a small business.…