Of all the tasks business owners have to face, few are as time-consuming and critical as calculating payroll. In addition to ensuring every employee’s hours are correct, you also have to determine their tax liability and disburse all of the payments on time every period. Fortunately, a third-party payroll service can take this difficult work off your hands, providing benefits that can help your company thrive.

Why You Should Outsource Your Payroll

1. Time Savings

As your business grows, payroll will probably start to take up a greater percentage of your workday, time that could be spent working on other projects. Hiring a payroll service will give you hours of time every week that you can dedicate to marketing, developing new products, or building relationships with your customers.

2. Heightened Security

Specialized payroll services offer advanced security solutions specifically designed to prevent fraud and protect your employees’ private information. In addition to preventing employee theft, professional payroll providers usually offer servers and software to protect against hackers and data thieves.

3. Tax Compliance

The tax code is always changing, leading many business owners to commit minor mistakes that could have serious repercussions. Payroll services stay up-to-date on all the latest tax law changes and handle all compliance issues for you.

4. Sophisticated Tools

Because they work with so many partners, payroll services can offer advanced technology most small businesses can’t afford on their own. For instance, your payroll company might provide online timesheets, detailed expense reports, and a variety of other sophisticated tools.

For over 20 years, business owners throughout Augusta County, VA, have turned to Roy E. Carter, CPA, PC for a variety of crucial financial services. They pride themselves on accuracy, prompt delivery, and reliable results every time. Visit their website for more on their payroll services, or call (540) 886-6251 to make an appointment today.