No matter what the size of your business, whether it be a four-employee enterprise, a thirty-person small business or a company of several hundred, there are several things that you need to take into account when you decide how you’re going to pay your employees. For small businesses in particular, the difficulty could come down to paying your employees yourself or working with an outsourced payroll program.
If you are well acquainted with tax laws associated with payroll, have a comprehensive understanding of accounting, and have the necessary time needed at your disposal, then you’re probably capable of handling your company’s payroll needs.
“Outsourcing Payroll Services is one of the best decisions a business can make – it will save the company time and money!”
Not feeling so savvy with payroll tax and accounting, or limited with time? That’s where Margo’s Bookkeeping Services steps in. Selecting an outsourced payroll service is much more than paychecks and cost of maintenance; Margo’s Bookkeeping can help you determine which aspect of services you and your employees should be utilizing for your business, and which aspects aren’t necessary, effectively looking out for your bottom line.
Is your current Internal Payroll System wasting resources?
Without an efficient payroll system in place, you could be wasting countless hours, and if you’re not handling payroll yourself then that is countless paid labor hours. In addition, if there isn’t someone on staff who is fluent in accounting and the issues that can arise, you could be making some hefty financial mistakes. Outsourcing your payroll services will alleviate a huge time consuming responsibility!
How much do you know about compliance?
Payroll laws are constantly changing, not only locally, but within state and federal guidelines as well. If you are managing your business, and trying to stay on top of compliance changes, it’s likely that an increase in errors could occur. Granted, some existing payroll software programs can help keep track of changes, working with a staff of professionals, such as those at Margo’s Bookkeeping Services, adds the personal aspect that a software program simply can’t match. If there is an issue or question, you can always speak directly to someone within the Margo’s team.
Multiple payment options for employees;
Outsourcing with a payroll company gives you and your employees options when it comes to paychecks. While some of your staff may prefer paper checks, other’s may prefer to use mobile banking or direct deposit to cut down on time and environmental waste.
Choose a Reliable Outsourcing Company;
Once you’ve made the decision to outsource, it’s important that you move forward with a knowledgeable company that you trust. Take into consideration the number of years the company has been in business, connect with references and other companies utilizing their services and evaluate the company’s overall reputation.
At Margo’s Bookkeeping Services, we want to ensure that you have the utmost confidence and assurance in our abilities and our skills; we encourage all potential clients to contact the Margo’s team for a consultation!