A recent survey conducted by Actionable Research found that nearly 75% of CPAs serving small businesses felt that their clients did not have the expertise to handle the demands of payroll processing. A business payroll service is offered by reputable companies to help take the pressure off small businesses while they focus on other aspects of their companies. While some businesses choose to keep their payroll in-house, the potential savings quickly add up if you decide the time has come for a change. In fact, there are many reasons that you stand to benefit from such a decision.
Time Saved
No matter how many people are employed by your business, handling your payroll responsibilities is a project that can take up hours of your work day or personal time. Pay period follows pay period, each time requiring the business owner, you, to input significant amounts of data. In no time at all, you may find that the majority of your day is just crunching numbers and inputting data, and one small error can make a costly problem. Outsourcing to a business payroll service will immediately free you of all those hours wasted and allow you to focus on other aspects of your business. Just once each pay period, you can contact the customer service representative to ensure that everything is done to your specifications.
Money Saved
Time saved is money saved, but you also save by reducing the number of employees you need on your payroll. By keeping your payroll responsibilities in-house, you must choose between wasting all of your own time or training and hiring an employee to do the work. The time required to make this happen will quickly add up and you deserve the chance to put those funds toward other aspects of your business. The right professionals allow you to hire only the employees whom you cannot operate your business without and the time you save can help you focus on the future of your company. Contact Dailey Tax and Insurance Inc. at daileytaxandinsurance.com to learn more about options tailored to your needs. You can also visit them on Facebook for regular updates.
