When you started your own company, you probably didn’t plan on devoting so much time to paperwork. Unfortunately, a growing business means more time spent figuring out payroll and calculating taxes instead of improving your services and attracting new customers. Below are a few reasons to consider letting a third-party payroll services provider handle these tasks for you.

What Are the Benefits of Outsourcing Your Payroll?

1. Saves Time

As a business grows, owners may find themselves spending hours on accounting every week, which is time that could be devoted to more profitable projects. Outsourcing payroll to an experienced third party gives you that opportunity to put your skills to better use and focus on the reasons you started a business in the first place.

2. Prevents Mistakes

Calculating and submitting payroll taxes can be extremely complex, even if you only have a few employees. To make matters more confusing, frequent changes to the tax code can lead to common mistakes, which could trigger IRS penalties and audits. Payroll tax providers keep an eye on tax law updates and have the specialized experience to prevent expensive errors.

3. Access to Advanced Services

Payroll services providers use advanced accounting and record-keeping software many small businesses can’t afford on their own. With these, you can offer your employees online hours tracking, sophisticated time clocks, and other benefits that make payroll easier and more convenient.

4. Increases Security

Data thieves increasingly target small businesses, many of whom don’t have the resources or expertise to protect their employees’ sensitive information. Payroll services experts routinely handle confidential data and invest heavily in the latest security measures to protect themselves and their clients.
 

For over 16 years, Wilson, Rea, Beckel & Associates CPA’s LLC has helped growing businesses throughout Pagosa Springs, CO, and the Four Corners area to succeed. No matter what industry you’re in or the size of your company, rely on their team to provide payroll services so you can focus on enhancing your business. Visit their website for an overview of their services, get more financial tips on Facebook, or call (970) 731-1040 to discuss your needs today.