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Since payroll processing is detailed and time-consuming, many businesses have started outsourcing the work to online payroll companies. New businesses looking to keep costs down and simplify the payroll process assume that the online payroll providers are the best option. However, hiring a certified public accountant to provide your payroll services can have major benefits to small businesses.

4 Perks of Hiring a CPA for Payroll Processing

1. Accuracy

Online payroll services use algorithms to log data, crunch numbers, and perform other important functions. While this makes the process more efficient, it also allows room for errors that may go unnoticed, leaving you with inaccurate paychecks. CPAs will spot inconsistencies, such as timesheet errors, and correct them immediately. 

2. Security 

CPAAnother potentially serious downside to online payroll services is they use a third party system to store sensitive information, such as employee names, addresses, social security numbers, and direct deposit information. Many CPAs, on the other hand, keep all sensitive data on a local computer network, making hacking and security breaches less likely. 

3. Customer Service

Working with your local CPA, you have the ability to call them for assistance and request reports and information whenever needed.  The accounting firm members are known by name and offer personal, accurate, and professional support and attention.  Conversely, it is very difficult to call for customer support when working with the online payroll providers.  You often do not receive immediate assistance or speak to a person knowledgeable about your business.  

4. Cost Savings

Online payroll companies often offer package deals that include additional services or special promotions to obtain your business.  Some of these services are not needed by the business. CPAs provide you with only the services you require and provide cost-saving services by combining in-house payroll services with the other accounting or tax preparation services you are already paying them for.  The CPA can often offer better pricing on those other services if they have access to in-house accurate payroll records and don’t need to spend additional time correcting or gathering records from an online payroll provider.

 

Keep your company’s finances in order with payroll processing and accounting services from Donna J. Troutman, CPA, PC. For over 20 years, they have provided business accounting, payroll, and tax preparation to clients throughout Lewisburg, PA, and the surrounding communities. Call (570) 523-7337 to set up payroll assistance for your business, and visit the certified public accountant firm online to learn more about their services. 

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