Whether your business is newly launched or in a season of growth, outsourcing your payroll can provide many benefits. However, considering how integral this task is to the overall success of your company, it’s essential to find out as much as possible about a provider before you make any hiring decisions. Every company is different in the expertise they can offer, and choosing the wrong one could end up being a costly mistake. Here are a few helpful questions to ask when interviewing potential candidates.

A Guide to Vetting Providers

1. What Services Do You Offer?

Payroll companies are often equipped to provide a variety of services, such as tax compliance and bookkeeping. Determine what other tasks your organization could use help with and keep this in mind when learning what a particular company can offer. Some even have varying levels of payroll solutions, allowing businesses to only pay for the services they need.

2. Do You Have Experience With My Industry?

A payroll service should have specific experience working with businesses similar to your own. Each industry has its own laws and compliance issues, and your provider will need to be familiar with those applicable to your industry.

3. What Technologies Do You Use? 

The best way to ensure your payroll is accurate is to use the latest technology available. In turn, your provider should be up to date with advanced programs and systems. You also want to ask if their platform can be used on a mobile device, which allows employees and human resource managers to access data from anywhere.

4. How Secure Is Your Service?

Managing payroll involves handling highly sensitive information, meaning a security breach could result in significant problems for your business. One of the advantages of working with a payroll service is they can usually provide extra protection for data. Find out how a company will store your information and what security measures they take to keep it confidential. 

If you’re looking for help keeping up with your company’s payroll requirements, reach out to Balanced Bookkeeping & Tax Services in Lincoln, NE. They offer different payroll processing options to meet your organization’s unique needs, along with experienced accounting and tax services. For more than 20 years, they’ve provided small businesses with practical strategies to achieve their financial goals. Call (402) 466-4272 to schedule a meeting or visit them online to learn more about their business solutions.