Should You Outsource Your Payroll?
September 27, 2023
Do you struggle to find the time and energy to sit down, sift through employee hours, calculate wages, and cut checks? If you answered yes, then outsourcing your payroll might be the perfect choice for you!
Processing payroll is very time-consuming and could feel like a chore on top of the many other tasks you need to complete for your business. Choosing Warren Accounting Group to handle your bookkeeping and payroll services could be the peace of mind you are missing.
1. Save Money + Time
Printing checks, doing calculations, maintaining payroll software, and keeping up with the ever-changing government regulations are time-consuming and costly tasks when you choose to process your payroll in-house. According to a 2023 study, depending on the size of your business, the entire process of completing payroll can take anywhere between 2-5 days each month. When you trust the Warren Accounting Group to handle your bookkeeping and payroll services, you can spend time focused on what’s most important to you – your business.
2. Let the Experts Handle It
Government policies on payroll change all the time – and it’s our job to keep up with these changes! Let us handle your payroll services, and we’ll worry about new rules and regulations for you!
3. Reduce Risks
According to the IRS in 2023, 33% of employers make payroll mistakes each year. When these errors are made, fines and penalties are often required. When you outsource your company’s payroll service you can prevent filing errors and fines associated with inaccurate, missed or late filings.
4. Too Busy and Too Stressed
Many times, the person who is processing the payroll in-house also has countless other jobs and duties to complete – usually within the HR Department. Being in charge of payroll is also a huge responsibility, and the weight of this can lead to unwanted or unneeded stress at work. Outsourcing payroll will allow your HR Department to have more time and energy to focus on employee-related tasks that can help you maintain and retain employees.
5. Better Security and Confidentiality
Processing payroll in-house could put your business at risk of hacking or identity theft. Using a reputable bookkeeping and payroll server that uses state-of-the-art technologies could safeguard your data. When processing payroll, it is imperative that you protect your employees’ salary and personal information. Like it or not, there is really no way to ensure that your internal payroll team is not sharing this information. But when you outsource these tasks, you get peace of mind about security and confidentiality.
If you are looking for a partner for your bookkeeping and payroll services, look no further. With over 100 years of combined experience in payroll and bookkeeping management services, we’re ready to help take something off your plate! If you are wondering how outsourcing payroll works, give us a call and we’ll be happy to answer any questions you may have.