Online payroll services are more popular than ever in today's economic climate. Many types of work are being outsourced to save money on monthly payroll costs, be it marketing, accounting or human resources.
Also, if you have had to let people go due to the recession, and are drowning in paperwork with the day to day running of the company, then you can get rid of at least one headache with simple online payroll services.
It also helps you to do what you should be doing - focusing on your core values. Growing the business, being innovative, and applying yourself to making the business work, instead of ticking boxes and filling out forms.
Not only will it save you time, it could also save you money. According to Internal Revenue Service statistics, over 40 percent of small enterprises pay around $845 per year in penalties for late or incorrect payroll filings. And when regulations and laws change, it is hard to keep up with them. Every quarter and year-end you have to make sure that all the proper taxes and forms are paid and filed with the state and local authorities.
Not only that, but there are some states that actually impose a large fine if you cannot produce a historical payroll record for an employee in a timely manner.
Even if you don't worry about penalties, think about your time. How much are the hours of your time worth? You can be doing something far more important such as looking for better suppliers, clinching that deal, or more importantly, getting home to family at a reasonable hour.
So read reviews and seriously think about a web-based payroll service. Press a button (wherever you are), and it will calculate what you need to pay for your employees, transmit the information to your bank, file all the tax reports that are necessary, and also prints out pay slips. What could be easier?
Instead of wasting your time figuring out payroll on your own, use an inexpensive online payroll service. Such a service takes the hassle out of payroll processing, giving you more time to concentrate on running your business.
Article Source: http://EzineArticles.com/?expert=Caressa_Waechter
outsourced payroll services on alexa
Subscribe To
Posts
Comments