Employees expect to be paid on time, and not to have any mistakes in their checks. And the government expects payroll taxes to be paid on time, and will hit you with a stiff penalty if you file late. If your business is thinking about or has already decided to outsource your payroll, this guide will help you choose the best company. Many businesses still process their own payroll checks because they believe it's cheaper to do it in-house rather than contract with a payroll company. But when you factor in all of the costs of processing the payroll yourself, you may be surprised to see it's actually costing you more money than you need to spend.
Some businesses are comfortable handling their own payrolls.
No longer does a business need to worry what will happen because the payroll clerk or accountant is out sick or on maternity leave. Every good payroll company delivers the paychecks on time. W-2s delivered on time. Again, no more late nights in the office, trying to figure out how to process and issue the W-2s to your employees before the deadline. Quarterly taxes paid on time.