Reasons to Outsource Your Payroll Processing

My Accounts Consultant are the trusted industry authority when it comes to payroll processing and management. Our team of qualified and trained experts will calculate wages and PAYG tax obligations, pay staff on time, report PAYG summaries, record all payroll payments and produce accurate, up-to-date reports on your business payroll request.

Many benefits are experiencing when a savvy business owner outsources the processing of payroll. All businesses turn to several professionals offering selected expertise when needed. Processing Payroll is such expertise that outsourcing saves a good deal of money and eliminates costly mistakes often made when payroll processing is an in-house function.

These three top reasons for outsourcing payroll Processing:

Eliminate In-House Worries: Using an employee-based bookkeeper may be an expensive proposition. Consider the number of tasks that need completing, such as paying bills, invoicing, collections, tax preparation, and more. A good bookkeeper makes more than $40,000 per year, along with benefits plus typical hiring and ongoing training expenses. Outsourcing, even just the payroll processing part of any in-house bookkeeping set of duties, will undoubtedly result in significant cost savings. Outsourcing guarantees on-time payroll since the tasks are not dependent upon an in-house employee subject to sickness or other influences, possibly hindering the timely completion of duties.

Professional Services: Peace of mind is an excellent benefit gained when outsourcing payroll needs. Tax law changes alone are in constant flux, making it necessary for any professional to stay current with what is new. Also, payroll document filing is strict. Filing inaccurate paperwork can result in a myriad of fines and other penalties. All can be avoided by hiring an outside payroll company. That is what a payroll processing company does.

Cost Savings: Outsourcing payroll chores frees up valuable resources that can be focused on other business areas of operation. There is no need to wear the expense for keeping even a part-time employee to process payroll. Additionally, when you outsource your payroll, you won’t be billed with training costs that all in-house operations do whenever there is a need to hire a new bookkeeper or laws change.