Most small businesses with just one or two employees can usually take care of payroll themselves, but as your company grows, these tasks can quickly overwhelm your staff. Fortunately, a third-party payroll services provider can alleviate the stress, perform complex calculations, and help you avoid trouble with state and federal tax agencies. Below are a few signs it might be time to let a specialist take over your payroll duties.

When Should You Hire a Payroll Services Company?

You Have Trouble Keeping Up

Calculating wages and withholding taxes is a time-consuming task, even for small companies with a few employees. Delivering paychecks late hurts company morale, and will likely drive your top talent away, so consider outsourcing your payroll if you have trouble keeping up. The best payroll services providers have the advanced technology and expertise to guarantee your employees are paid on time, alleviating stress and allowing you to focus on other tasks. 

You Hire Workers in Other States

With today’s technology, it’s not uncommon for businesses to have employees all over the country. While this creates incredible opportunities, it can also be a payroll nightmare for managers who have to calculate withholding taxes for workers in several jurisdictions. Payroll companies have proven processes that ensure your withholding is correctly calculated, no matter where your employees might be.

Your System Is Outdated

Old-fashioned time cards are inefficient and prone to errors, especially if you have a growing business. While fully digitized hour tracking systems might be too expensive for small businesses to afford on their own, payroll services providers offer these tools, along with direct deposit and other advanced payment options.

For over 25 years, Dianne M. Saunders, CPA has provided reliable, accurate payroll services to businesses throughout Connecticut’s Litchfield County. Whether you’re just getting your startup off the ground or have been in business for years, they’ll handle the numbers so you can focus on growing your company. Visit their website for more on their comprehensive accounting and payroll services, or call (860) 567-3022 to find out how they can help.