Since most small businesses lack the capacity for a full internal payroll department, the task often falls to just one person – sometimes even in addition to their usual responsibilities. Each paycheck requires the right federal and state tax withholdings to be accounted for, which will vary person-to-person and state-to-state. There’s also quarterly and annual payroll-related filings and reporting at both the federal and state levels, which need to be done correctly and on time.
All of this becomes especially cumbersome in today’s modern work-from-home world, where staff can be spread across a wide geographical range and therefore requires a wide variety of specialized, ever-changing payroll tax knowledge. The risk of mistakes and incorrect reporting drastically increases, leading to time-consuming corrections and/or expensive fines.
For many companies, managing payroll internally can become nearly a full-time job so they turn to an external processing service such as ADP, Paychex and Paylocity. These vendors take responsibility for the whole payroll process, and do a great job of providing you with a single user-friendly platform from which to operate…but what happens when you don’t have capacity to properly manage the payroll vendor?
We recommend outsourcing your payroll processing & reporting functions to us. We’ll run your payroll through your processing vendor of choice, ensuring timely and accurate payroll deployment, filing and reporting, leaving you free to focus on your core business.
Contact us to learn more.