Providing employees with accurate and on-time paychecks is a task that takes up a significant number of hours each pay period. Fortunately, hiring a payroll expert will free precious working time for busy small business owners. Bergamo Tax & Financial Solutions in Watertown, CT, has been a source of top-notch financial services for a wide range of clients for 25 years and explains the advantages of hiring a specialist to handle your payroll. 

5 Benefits of Hiring a Payroll Provider

Tax Compliance

Employers are required to comply with the tax code when compiling their payroll, including tax calculation and weekly, biweekly, and monthly filings. Payroll specialists are aware of the latest updates and will provide accurate and thorough work.

Time Savings

Outsourcing payroll allows business owners to devote time they would have spent on this task to other pressing duties. In addition to wage calculation, a tax and payroll professional will update personnel information.

Report Preparation

A payroll provider will prepare detailed reports for each pay period. From salary changes to recording 401(k) contributions and vacation hours, these valuable reports will provide comprehensive wage information.

Financial Savings

Working with a payroll service company can be more cost-efficient than hiring a full-time employee to do the job. It relieves you of the expense of not only an employee’s wages and benefits but the equipment they would need to do the job.

Customized Services

Employers can request customized payroll services targeted at their industry. These tasks can range from processing union worker wages and freelance invoices to workers’ compensation distributions.

Payroll processing doesn’t have to be an ongoing headache. By partnering with a trusted accountant, small business owners can rest assured the task will be managed professionally. To learn more about what payroll service options Bergamo Tax offers, call (860) 274-1655 or make a request on their website.