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The Benefits of Outsourced and Expert Payroll Administration

By Chad Chandler | | 0

We know that running a small to medium-sized business requires all of your time. To make it successful, a small business owner has to completely involve themselves in every aspect of the business. From business structure to taxes to payroll administration, those who run small businesses know the challenges of time budgeting.

That's why those who run a small business know the benefits of paying for expert, off-site help. Outsourcing small, tedious aspects, like payroll administration, helps those in charge to focus on their business and do what matters most to them and the business.

Payroll administration services include:

- All payroll responsibilities

- Reporting services

- Paycheck garnishments

- Processing W2's

- New hire reporting

- Direct deposit

- Vacation and sick time tracking

- All payroll taxes

Benefits include:

- Reduced costs: With no employees to hire and pay to work on site, your costs are deeply reduced. Outsourced payroll administration can also save you money through better and more accurate reporting.

- More internal resources: Internal employees can focus more in routine administration, while external resources handle the heavy lifting.

- Better security: Removing the possibility that even trusted employees and in-house software have access to payroll information keeps sensitive data safe and secure.

- Compliance: Aspects of payroll, like taxes, are complicated. External payroll administration by tax experts ensures that your payroll taxes and deductions are accurate and mistakes are avoided.

- Additional time: When payroll administration is outsourced to experts, your time to run your business greatly increases. You'll notice immediately that you have more time to run day-to-day operations.

Outsourced payroll administration comes with a host of benefits that you as a small business owner can reap quickly and easily.

Interested in learning more about how our services can help you with your small business, please contact us any time.

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Posted in direct deposit, Payroll Administration, payroll taxes, Services, Small Business, Tax Preparation, taxes

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About Chandler & Knowles CPAs:

Chandler & Knowles CPAs is dedicated to serving our clients with an integrated approach to financial success for businesses, families and individuals. Our knowledgable team is committed to providing you with the most detailed information to answer your biggest financial questions and to help make your life less taxing.

Learn more about achieving financial success by reading our blog!