The New Year is a time for exciting beginnings. If you’re a small business owner who plans to change their payroll service provider, you should make the switch before the year ends. Here’s how your business can benefit from this immediate change.

3 Reasons to Switch Your Payroll Service Provider by the Year’s End

1. Provides a Fresh Start

Hiring a new firm before the end of the year allows your company to start with a clean payroll slate. Transfer employee wage and salary records to the new provider right now so that everything will be up and running on Jan. 1. This change will give you more time and energy to focus on other resolutions in the New Year.

2. Eliminates Paycheck Delays

When the busy holiday season ends, there won’t be any paycheck gaps for employees who need to pay their bills and other financial obligations. Employees who have direct deposit arrangements will continue to receive their wages on time. The same is true for standing payments to clients and other third parties.

3. Streamlines System Adjustment

A year-end switch gives the new processing system time to adjust to your company’s unique payroll cycles. From calculating wages and salaries to recording vacation time and tracking retirement benefits, your new payroll service provider has ample time to complete these tasks before the start of the new year. Most importantly, the proper payroll tax calculations are configured in time for the upcoming filing season.

Keep your business humming with efficient, compliant, and affordable payroll processing. Aloha Business Services in Kailua Kona, HI, has partnered with companies from a wide range of industries for over 25 years. Their CPAs and specialists have nearly 150 years of combined business experience and are committed to helping your operation thrive. View their services online, or call (808) 329-9220 to schedule a free initial consultation.