Is it time to outsource your payroll?

Is it time to outsource your payroll? The answer is YES, FOR CRYING OUT LOUD! Hand it over.

But seriously, outsourcing payroll is a great way to cut business expenses. Cutting costs is a good thing, right? If you currently handle the payroll yourself, then you can save time by letting a professional tackle it, and the money you’d save on one tax penalty will pay a payroll service for almost an entire year! if you have a payroll clerk on staff, then using a payroll company instead could save you thousands of dollars every year!
So, how do payroll companies operate? Well there are a few different methods, for example, some providers charge a certain percentage of a businesses monthly payroll. Generally speaking though, payroll providers charge an administrative fee and a per check fee which is generally somewhere between 3-6 dollars. However, a word of caution is needed. Some payroll providers will charge additional amounts for direct deposit, filing taxes, setting up/terminating employees or generating reports. On the other hand, There are still payroll services out there which are all inclusive and have no hidden fees. The cost per check may be a little higher, but in the end, you may come out ahead knowing that you have a fixed rate per check. This is often the case if you are in an industry with a lot of turnover, such as food or retail. Do your research!

another great article to consider is this one from the IRS which shows what tax responsibilities business owners still have, even if they outsource their payroll.

and of course, you can visit www.sequoiapayroll.com to see further benefits…

In the end, if you are a small business owner, and you are looking to cut costs from your operation, then you should consider outsourcing your payroll. Ourpayroll solutions could literally save you thousands.