 | Outsourcing payroll to a reputable payroll services provider can be an attractive and valuable alternative to in-house processing. It is less expensive and makes paying employees, filing taxes, and performing other essential but mundane tasks simpler. By contracting with a payroll service provider you will free yourself up to focus on other core business necessities (like sales and customer service). You can rely on your payroll service provider to have extensive knowledge of payroll procedures and access to a sound payroll program; this virtually eliminates the margin for error. And given the ever-changing nature of tax regulations, a payroll mistake could affect your bottom line. Employees as well as federal, state, and local tax collection agencies need to be paid in full, on time, and in the proper manner. Usually, late payments are cause for monetary penalties. Every year, approximately 40% of all small businesses pay an average fine of $845 (including penalties and interest) to the IRS. This BuyerZone Payroll Services Buyer's Guide can help you select the right payroll solutions for your business, giving you the solid working knowledge you need in your search. Request Free! |
