Hate doing your payroll yourself? You are not alone! Payroll processing is complex and time-consuming, but also one of the most crucial business functions. Instead of trying to run payroll by yourself, outsource it to a payroll processing company near you. Your payroll outsourcing partner will manage all payroll processing tasks, so your employees can focus on the things that matter most.

 

Here are some benefits of outsourcing payroll.

Outsourcing Saves You Time

Payroll processing involves calculating overtime, 401 (k) contributions and total wage earnings, withholding deductions, filing payroll taxes, and printing checks. Many wage garnishments are court-mandated. You need to maintain extensive records of such wage garnishments, which involves a lot of effort and can be tedious and time-consuming.

 

A payroll processing service will take care of these and other payroll processing tasks so you and your team can stay focused on what’s truly important. Also, outsourcing payroll is a great way to avoid costs associated with hiring and maintaining a team of payroll specialists, which can be much higher than the fee charged by a payroll processing company.

You Will Have Error-free Payroll Process

Payroll processing requires specialized skills. If you decide to process payroll in-house, your employees will likely make costly mistakes that can lead to compliance and other issues.

 

Payroll specialists have received specialized training. They follow payroll best practices and have an in-depth understanding of payroll accounting principles. When it comes to payroll processing, every detail matters. With their trained eyes, payroll specialists never miss a thing. Many payroll processing services use payroll software to automate payroll. Payroll software can manage tasks more effectively than human operators and help prevent manual errors.

Enhanced Data Security

If you decide to process your payroll and someone on your team steals employee information, you may be held liable. Payroll processing companies store data on highly secure cloud-based servers and use cutting-edge encryption technologies to prevent client data from falling into the wrong hands. Most payroll processing companies use electronic payment methods that allow their teams to trace errors.

You Get Access to the Latest Technology

Payroll processing companies use robust technologies to manage important data. Advanced payroll processing tools help ensure data integrity and visibility. Many providers use robotic process automation to improve the accuracy of international payroll processing.

 

Using payroll processing tools, your provider can integrate your HR and payroll, which offers several benefits such as time savings, reduced administrative and IT costs, and improved process efficiency.

Avoid Compliance Risks

Compliance errors can trigger an IRS audit or notice, and you may be slapped with a hefty penalty. Around 33 percent of employers make payroll errors, and 40 percent of small businesses pay an average penalty of $845 yearly for late or incorrect filings. A payroll specialist keeps up to date on complex, ever-changing employment regulations, tax legislations, and compliance requirements, and can help you avoid compliance risks.

 

Virtual Jeannie Bookkeeping Services is a renowned payroll processing company near you in Santa Rosa. Whether you want to implement a new payroll system or streamline an existing one, we can help. To learn more, call 707-664-1425.