The Advantages To Outsourcing Your Payroll Accounting Services

Most small business owners take on a variety of different roles within their company. Some of those roles are easy to integrate into the day-to-day responsibility of managing a small business. Others, like payroll accounting, are specialized services that must be done correctly.



Ensure Payroll is Processed Accurately for Tax Purposes

Hiring an outside company to manage the payroll accounting services is a wise decision for a small business owner. Payroll accounting is more than just cutting monthly checks or ensuring the deposits are in employee's bank accounts on time. Payroll accounting services also manage bonuses, overtime pay, holiday and sick pay, and correctly record and credit employees for commissions and benefits over and above their salary.

Withholdings Processing

In addition to paying employees, payroll accounting services also include managing all withholdings. This can be complicated for a small business, particularly when it comes to understanding the different withholdings for full and part-time employees, seasonal employees, and contracted workers.

Withholdings include Social Security taxes, health insurance premiums, Medicare taxes, contributions to retirement or savings plans, as well as any applicable federal or state taxes.

Keep in mind, hiring us for your payroll accounting services helps you to save time, often substantial amounts of time, which is time you can put into your business growth and development. With experienced professionals managing your payroll accounting, you have confidence and peace of mind it is done correctly and in full compliance with the best practices in the industry.

For more information or to schedule a consultation, call us at 717.626.0171.