Top 5 Reasons You Should Outsource Payroll
1. TIME SAVED
Regardless of the number of people employed by your business, attending to payroll demands a great deal of time and attention to detail. Each pay period requires someone to input considerable amount of data and someone to check for keying errors. Outsourcing this function immediately frees up precious time.
- 2. MONEY SAVED
Time saved equates to money saved. Think of the time required for each of the following: 1) Calculating payroll each time period, 2) printing, signing and distributing paychecks or pay stubs, 3) generating reports, and 4) preparing and remitting payroll taxes and returns to government agencies
When evaluated on a per-payroll-period or a monthly basis, a time/cost analysis may well indicate the benefits of an affordable full-service provider. Contact Ison Payroll, Accounting & Tax Services for a quote.
3. ENHANCED SECURITY
Payroll processing is a complex and potentially risky business operation. There is always a risk of identity theft, embezzlement of funds, or tampering with company records. 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.
By contrast, outsourcing your payroll to us offers a “safe haven” for your confidential payroll data. In addition to redundant backups, we have taken steps to store and protect your data simply because it’s part of the service we provide to our clients.
4. COMPLIANCE WITH GOVERNMENT REGULATIONS
Generally speaking, small business owners aren’t experts in the complicated world of government tax regulations. At the same time, they are legally responsible for any cases of misrepresentation or failure to accurately report employment taxes to federal and state government agencies.
Mistakes can lead to audits and penalties – situations no business owner wants or needs. Government rules and regulations are always 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.
5. THE EXPERTISE OF PROFESSIONALS
The staff at Ison Payroll, Accounting & Tax Services knows payroll processing inside and out. They specialize in the complexities of payroll taxes, as well as compliance with government regulations. It’s what we’re trained to do and part of the guaranteed service we provide.
Savings in time and money, greater data security and the comfort of knowing experts are handling your payroll functions – these are compelling reasons to explore the benefits of outsourcing today.