Sunday, May 19, 2013

5 Reasons for Small Businesses to Outsource Payroll

Small business owners are a unique class of citizens. They are ambitious, intelligent, quick on their feet, perceptive, and are generally great problem solvers. They also face a very unique set of challenges. Unlike mega-business moguls who have endless corporate reserves to pull from when the time comes to make something happen, small business owners are mostly on their own. They make the choices, they do the work, and it is up to them to make the most of what they have to work with... which is EXACTLY why they would benefit from the opportunity to outsource a task like payroll out to another company.

The internet and the business sector have given birth to many different payroll outsourcing options over the last few years. As a small business owner, you actually have more options in this area than ever before. But is it worth it? Is it worth it to outsource such a vital component of your business, or is the risk greater than the payoff?

Here are 5 reasons for why you SHOULD outsource the payroll responsibilities of your small business. I am pretty sure that you will find that these reasons make a lot of sense, which is EXACTLY why more small business owners are outsourcing this vital task than have ever before!

1... It Will Save You Money
In the old days, you would have needed to have someone on payroll to do your accounting work. If you didn't have someone, then you would have had to figure out how to do it yourself. While hiring someone is not always a bad thing, it can hurt you if you don't want to spend more money on a full-time person, JUST to do payroll! Outsourcing is much cheaper, and accomplishes the same thing.

2... It Will Save You Time
Outsourcing payroll will keep the problem off of your shoulders. After all, if you don't have an employee to do it, you might have to fill the roll... which will seriously cut in on your own time. As a business owner, you have important things to do, and you might not be able to afford the time it will take you to figure out payroll each week.

3... It Will Keep The Books Accurate
Payroll is definitely not easy! While those who have done it for a while can get used to it, there are a lot of numbers and figures to keep straight. If you do something wrong, it could come back to haunt you later in the form of an IRS audit, and that is definitely something that you will want to avoid! Outsourcing this roll to a professional service, however, will keep you in the free and clear when it comes to taxes, fees, reporting, and wages.

4... You Have A Lot Of Options
Outsourcing payroll is definitely easier now than it has ever been... and one of the reasons for this is due to the incredible number of options at your disposal! A lot of bookkeepers and enrolled agents have payroll and tax services. These options make payroll easy and hassle free! With so many inexpensive options, you would be amazed at how much of a load this could take off of your mind!

5... It Will Help You To Move Forward
As a business owner, you need to keep moving forward. Being stuck on payroll is definitely not something that is going to be conducive to getting more accomplished. If you don't do something to get this task taken care of, it is going to eat up more and more of your time. Eventually, you are going to HAVE to do something... and outsourcing the task now can be a great way to set yourself up for more efficiency later on.

Article Source:

Payroll Etcetera will confidentially manage your payroll and bookkeeping services, including preparing payroll, W2's, quarterlies and monthly financial statements. We can help you save time by taking over these tasks so you can focus on what you do best, running your business. Serving all of Solano County; including Vacaville, Fairfield, Dixon, Suisun City, Rio Vista, Benicia and Vallejo.

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